6 January 2019 | 3 replies
The only problem with that is its obviously a huge project complete renovation and Im pretty new to investing.
6 January 2019 | 6 replies
I’m the recent winning bidder on an Auction.com with a bid of $64,800 on a 3bd/1.5/ba in aa A/b township outside Akron. The property will need at least $65k in rehab to reach a conservative $165k ARV but a possible $...
6 January 2019 | 0 replies
This was my first time and I really enjoyed my experience and now I am considering a second project - this time a flip - and I am actively looking for an opp.
9 January 2019 | 6 replies
Definitely do not take the turnkey companies facts, figures or projections at face value.
7 January 2019 | 1 reply
@M Falcon we traditionally only do a set interest rate, but if you did do a %, basically, whatever their investment is as a % of the entire cost of the project (purchase, holding, rehab, misc, tax, etc) should be their ownership of the deal.
16 January 2019 | 5 replies
If you have 20% equity either way, do it in between projects.
10 January 2019 | 16 replies
As I stated before, it's a common strategy to finance a project whereby the loan will leverage a 6% cap rate to an even higher CoC (i.e. upwards of 10%).
7 January 2019 | 3 replies
It may be beneficial for you to partner with someone and use invest your time in a project versus bringing the needed capital.
7 January 2019 | 0 replies
We look forward to finishing our remodeling projects and seeing what our best option is from there.
8 January 2019 | 12 replies
You'd need one helluva track record to make the bank feel comfortable that the owner/operator is going to handle a portfolio like this properly, and make good on their investment.Do you have any experience operating projects this big?