9 December 2024 | 9 replies
Land Entitlement is one of the riskiest Real Estate investments for several reasons:1) High Upfront Costs with No Guarantees: We spend tens of thousands of dollars on due diligence to ensure the property is suitable for development.
11 December 2024 | 10 replies
I have 6 Co-Living properties (41 rooms) in Colorado Springs.Insurance:I've been seeing insurance companies start to offer Co-Living specific products that are very expensive (2x-3x normal cost).
11 December 2024 | 1 reply
Things will take twice as long and cost about twice as much as you think they will.
11 December 2024 | 12 replies
I would post the details in classified section and let people give you quotes I find one off borrowers focus on cost much more than serial flippers who are looking for long term relationships there is much more to finding a capital partner than who has the cheapest fees..
11 December 2024 | 4 replies
If we find damages, we withhold the necessary amount from the security deposit to cover repair or replacement costs.
11 December 2024 | 35 replies
The price of homes may be lower out of state but the down payment becomes much more plus the cost of having boots on the ground
10 December 2024 | 100 replies
Ignore the noise of higher cost = higher value or lower cost = low value.
11 December 2024 | 68 replies
It is no cost to you but a few hours a week.
10 December 2024 | 8 replies
My only cash investment would be the 10-15k of closing costs as of right now.
10 December 2024 | 5 replies
Quote from @Hector Espinosa: Hi,I'm negotiating a seller financing deal which may be my first one and would like to ask for some advise about and what are advantages and disadvantages about seller financing deals.These are the seller financing terms:House Price: $330,000.00 USD (Sellers still owe ~$301,000 USD)Down Payment: 5% = $16,500 USDLoan Amount: $313, 500 (Monthly payments will be amortized as a 30 years loan)Interest Rate: 4.531%Balloon Loan Term: 5 YearsMonthly Payment (P&I): $1,594.24Closing Costs: ~$3300 Zip Code: 74105Observations: * HVAC requires an update but pending to inspection (replacing with a new one will cost ~$10,000 - $15,000 USD ) * Expected Rent Income: $2,000- $2,300 but this is has been really complicated to get a good estimate because is all over the place in the different sites I have checked