Any advice I’m 23 and I want to start flipping houses

I have been looking at doing private lending (small amounts <$50k) for a couple projects in my home town. Outside of the typical number crunching (loan terms, property valuation,etc.) What are some factors I should be considering in the calculations? Am I better off loaning the money in my personal name or setting up an LLC and loaning the money that way? Thanks in advance for the help.

Looking for referrals for lenders for NC (close in 30 days). I have 2 properties($300k ish), that needs work(not major - $25k of work) and Intent is to rehab and rent. I can meet downpayment requirements and have documented income. Would be ideal, if property can be titled to an LLC. Can do 1 loan, that is Fannie/freddie, but not both. Can do cash purchase of one, but would ideally like to borrow, so can do both deals at the same time . Experienced landlord for over 15 years.

Thanks in advance for the help.

Hello!

I am in need of some help calculating what a prepayment penalty would be. We have a portfolio loan with 9 units, and are looking at selling one, but the loan company refuses to give any numbers over the phone or in writing before we actually sell. I would also like to understand what the cash-out would be since it's buried in the loan (vs. what will stay with the loan until it's all sold), but understand that someone might need to review the entire agreement for that.

The loan (in total) is for $2.043MM, interest-only at 7.31%. The maturity date is 09/09/2027 (it was 5 year), and ballon at that date. The allocated loan amount for the one we're looking to offload is $215,960.49 of the $2.043MM. It's 36 month prepayment penalty period, so the prepayment penalty effective through to 8/24/2025. “Par Prepayment Date”: the 54th Payment Date “Required Rent to Debt Service Ratio”: 1.80:1.00.

I've attached the parts of the loan that I think are required to calculate these.

Also, if anyone can give a solid answer, more than happy to connect in DM and shoot over a few bucks for the advice. Thank you!

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Simple question, I think.

I have a lot that represents ~21% of an assembly for a mixed use project. Bylaws were recently changed to materially improve the as of right zoning.

I’m leading the effort to assemble and negotiate with a developer to buy the parcel. I’m considering offering the developer a discount on my buyout and roll the equity into the project.

How would you go about negotiating this? Is it as simple as amount discounted / total equity = share of project?

Thanks in advance!

Hello, my partner and I have a mortgage on our primary residence. We think we have some equity and would like to use that equity to put a down-payment on an investment property. We are trying to decide between getting a home equity loan or a HELOC. I am not too familiar with the process, if someone could please provide some guidance it would be much appreciated or suggest alternative routes. We are currently in kansas city and looking at homes below 100k. Also if anyone could recommend a lender that would be great. We called out original lender but they don't do HELOC or HE loans, we would like to go with a lender that will do our investment loan and 2nd loan. TIA.

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There is a type of investment within the Lira category that allows you to lend your $ privately as long as interest made returns to the fund. Does anyone know this product term. Commutes pension (lira) can’t access cash but I can lend funds via this product. Thanks!

Hi All! I am looking to leverage a solid proforma template for some property underwriting. If anyone has any resources they could share, it would be greatly appreciated!

How do you review DD materials for development projects that you are considering financing?

I am a 20+ year commercial development professional (originally from NJ now in FL) and would like to offer my services in reviewing development project for you.

I know what to look for to determine if everything is truly "approved" and what holes there may be in the entitlements.

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Thanks

Hi All, I have negotiated a pretty good portfolio deal - two properties in SC for a total of $97.5K total. Renovation on the properties will be approx $60K apiece ($120K in total). However I’m running into an issue with several HMLs - while they are happy to finance the renovation, most have a minimum amount they will finance on the purchase of $50K or $75K.

Any thoughts or ideas how I can finance the purchase price? Has anyone worked with a HML lender who has a lower floor than $50K?

Thanks!

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One feature I like is the ROI Indicator, representing ROI quality through color-coded cells: Green for strong ROI, red for poor ROI, and orange for acceptable ROI.

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I’m looking to invest in a vacation rental (as an investment, not for my own personal use) with a partner. Can I use the self-directed Ira to fund an LLC that buys the real estate with a DSCR loan? Is that a prohibited transaction?

Hi All!

Im an American living with my Australian wife in Sydney and the time has come for us to buy our first home. Generously, my family back home is able to provide the funds needed for our down payment. However, I have no idea how to move the money from USA to Australia without either government taxing the hell out of it, as well as not having my family be on the mortgage as that would add massive taxes as they are not Australian citizens. Any help and guesses is greatly appreciated!

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Hi all,

My aunt is getting on in years and she has a regular mortgage and a $40,000 silent second through HUD. I understand the silent second becomes due once the regular first mortgage is paid off. Does it come due only if she sells or refinances or if she just stays in the home does it just "sit" there? My second question is what are the options if she doesn't have that $40,000 chunk all at once? Can she use a home equity loan to pay it? Any help much appreciated. (She is getting ready to retire soon. There is over $100,000 in equity in the house.)

I own several rental SFHs in Pittsburgh. Looking to take some money out of them to do some renovations and grow the portfolio faster. My own bank does not offer this type financing options. Suggestions?

Hello Community!

Whether you're a seasoned expert or someone who's just dipping their toes in this field, I believe your insights could shed light on common obstacles and frustrations.

Here are a few key questions I have for you:

1. What are the main challenges you face with real estate financial modelling? This could range from data collection, model complexity, to scenario analysis, etc.
2. Have you ever felt limited or bogged down by the traditional spreadsheet interface? If so, in what ways?
3. Would a more visual and interactive user interface help mitigate some of these challenges?

Your feedback would be incredibly helpful, not just for me but potentially for many others in our field who are looking for alternatives or improvements to traditional methods.

Thank you in advance for sharing your thoughts and experiences!

Cheers !

Hello everyone,

I recently acquired a property through a foreclosure auction in Northern California, and I'm in need of some guidance regarding renovation and zoning issues. The property is a 1000 sqft, 3-bed, 2-bath house with a 400 sqft detached structure. While I bought it below market value, there's considerable work to be done.

The house, built in 1940, has a partial foundation. The front and back sit on strip footing, while a section in the middle rests on piers. Despite insurance claiming it has a concrete foundation, the selling papers indicate it's partial and requires work. I'm considering finishing the strip foundation, but I'm uncertain about potential repercussions when selling. Are there difficulties in securing loans for such properties?

Additionally, the detached structure, originally a garage, is now without a door and partially blocked openings. Given that the property sits in a mixed-use zone (residential and commercial) on a main street, I'm exploring options. I've heard that converting it into an Accessory Dwelling Unit (ADU) might facilitate loan approvals, especially since California is reportedly easing access to loans for properties with ADUs. However, I'm unsure about its comparative value if utilized as a garage versus an ADU, especially considering the commercial zoning.

Could you advise on the potential value implications of each option and whether leaving it as an ADU might expedite loan approvals? How does its value differ considering the possibility of commercial use under the current zoning regulations?

Any guidance or insights would be greatly appreciated.

Thank you

We live in Illinois. We originally bought our house in 2007 for $50k. We’ve lived here ever since. In 2014 we bought 27 acres that adjoin our home for $56k.

The land is incredibly ideal for recreation with rolling timber and established deer feed plots, trails and 1/4 mile of lake shore. We figure it should sell for about $500k.

Our house is worth maybe $75k by itself.

If we sell the land by itself, it triggers capital gains right?

Can we sell the land and the house together and claim the whole as our primary residence, thereby not triggering capital gains?

Were married filing jointly.

Thanks for any help.

I was looking into buying some real estate anywhere in the world. I was thinking of somewhere tropical but that has a good market for real estate. I do not mind living in a condo or buying a duplex or triplex and having tenants. What is the ideal tropical place for a real estate investment? I am quite an experienced sports better and I have won a living off of Lottoland sportsbook so I would have enough money for a downpayment on a 2 million dollar building or home. Does anyone have any financial/real estate suggestion for my situation. Any help would be very appreciated.

Location is LCOL 20-30 minute drive into downtown Houston. New development selling 3bed/2bath around 1,100 sq ft brand new home. Purchase price: $185K Down payment: $37K (20%) Rents in area: $1,650-$1,700 Builder/seller paying closing costs Mortgage with PITI: $1,203 Tenant pays all utilities My thinking is the CAP EX and maintenance has to be very low being that it's a new build and has a 1 year warranty on everything plus 10 years for foundation. I will most likely manage the property since I only live 25 minutes away and again being new wouldn't take much as far as managing goes on a day to day basis especially if I do my due diligence and thorough creening of tenants. What do you all think? Am I missing something? What could I do better? Seems to cashflow decent and there is the upside on appreciation and of course not to mention tax savings. This would be my "first" rental investment property, l've dabbled a bit in airbnb-ing our home and I also own a business so I know how to manage and run a business. I have around $200K cash so my thinking was that I could possibly buy up 5 of these homes and rent them all out in the same area to keep management very low and with it being new my overhead as well. I have also thought about looking into section 8...any one have any suggestions or advice on that? Or any other ideas to maximize revenue?

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