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Video instructions and help with filling out and completing Fill Form 4797 Duplex

Instructions and Help about Fill Form 4797 Duplex
With our lending program we required 10% down and are able to finance 100% of repairs what does that mean for you as an investor that means leverage yes you do have to pay fees yes you will be paying a little bit more interest and yes they will all be for the short term the idea behind leveraging a portfolio is to maximize value so when I first got started and when you're probably sitting there figuring out how to get started or have been getting started the idea is everyone calls it a sweat equity so if I can make into an asset that is worth $200,000 and I can acquire it for $100,000 but it doesn't happen but the asset doesn't have a roof or it might not have furnaces or might not have kitchens and I can through trade and understanding how to improve a property can improve the property for a total repair value of $50,000 it allows me to maximize our dollars and to have a bank give us an opportunity to leverage our portfolio how do you do that the trick is is to get a property that you could acquire for $100,000 you can put $50,000 into it you can only invest at this point with Milwaukee our money $10,000 plus fees and interest payments and get to a portfolio value where the value of the property once you have put all of your improvements into it which can include a roof new furnaces new kitchens new Bass new tile new Granite's etc can get you to a value of $200,000 you can then ask the bank to give you a loan based on the ARV or the after repair value of $200,000 and assuming a 75% leverage you can get a...