I am in VA(Richmond, VA). Would anyone know of any of the following seasonal investor-friendly(who work with wholesalers) of the following: title companies, r.e. attorneys, r.e. agents, insurance,..null
Your market is different from ours.
Based on your numbers, all looks good.
But you better darn make sure that in the last 3 months, the sales in your area back up your numbers and that your repair numbers are close -- get multiple estimates if needed.
[addsig]
Quote:
On 2010-06-22 23:38, conklbm wrote:
Your market is different from ours.
Based on your numbers, all looks good.
But you better darn make sure that in the last 3 months, the sales in your area back up your numbers and that your repair numbers are close -- get multiple estimates if needed.
The tip that comes to mind for me is cross-colateralization. But if the properties are underwater, you may want to take the loss and start over.
The risk I see is find the exit buyer/tenant that has good enoughy credit.
Your market is different from ours.
Based on your numbers, all looks good.
But you better darn make sure that in the last 3 months, the sales in your area back up your numbers and that your repair numbers are close -- get multiple estimates if needed.
[addsig]
Quote:
On 2010-05-30 14:15, cjmazur wrote:
The risk I see is find the exit buyer/tenant that has good enoughy credit.
Yes it is the risk and really necessary for us to understand how it will be beneficial to get over it.
This seems to be the conundrum of the fix & flip market right now.
What does your market look like?
Quote:
On 2010-06-22 23:38, conklbm wrote:
Your market is different from ours.
Based on your numbers, all looks good.
But you better darn make sure that in the last 3 months, the sales in your area back up your numbers and that your repair numbers are close -- get multiple estimates if needed.
Is your buyer going to be kosher with seeing both of your fees on the HUD1?