REAL ESTATE FINANCIAL CONSULTING

In this line of business, the speed at which your work team develops the business is important. You need a very knowledgeable and skilled team so that all phases of the business work properly. This team should normally be made up of:

• Lawyers
• Real Estate agent to market and sell
• Construction: For repair
• Mortgage: Prequalification and Buyers

In the FLIP business, the type of property with which the business will be done usually has some key points:

• Properties not inhabited by the owner.
• Properties in poor condition.
• Strategic location: near schools, transport or in urban development areas.

FLIP LINE OF CREDIT

• Loan size: 50k – 3MM
• Term: 9 months with the possibility of extension of 3 additional months
• Financing Acquisition: Up to 90% of the purchase price
• Rehabilitation Financing: Up to 95% of the cost
• 75% de ARV
• FICO Score: From 620
• Key: experience

INDIVIDUAL LOAN

• Loan Size 50k – 1MM
• Term: 9 months with the possibility of extension of 3 additional months
• Acquisition Financing: Up to 85% of the purchase price
• Rehabilitation Financing: Up to 85% of the purchase cost/li>
• 70% ARV
• FICO Score: From 620
• For: Newbies or seasoned investors

If it is worth working with a real estate agent for all the experience and knowledge they have on the subject and the market. In this way, the real estate agent can help and advise you on selling your house at an appropriate price, and at the same time, by publishing the property on the market, purchase offers can be received in a shorter time.

There are many reasons to use an agent:

There are many reasons why you may want to build an Accessory Dwelling Unit (ADU) on your property. Some common motivations are:

Provide a close but separate dwelling for a family member.

A retirement plan: use the "empty nest" on the larger house for income by moving into the ADU.

Regardless of the reason for building an ADU, everyone has the same first question: how much will it cost? The answer depends on other factors.

One factor that will affect cost is whether it is an attached structure (a basement unit or addition) or detached ("DADU"). Building a separate ADU is very similar to building a new house, with a foundation, four exterior walls, and a roof, and can be more expensive than building an attached ADU.

Don't let its tiny size fool you. Even small structures require design work by an architect, particularly given the design puzzles that limited space can present. 8-15% of the construction cost for your ADU design, depending on the level of design services required and your choice of designer.

Construction costs vary quite a bit depending on the specific characteristics of a project. We are often asked, "How much does it cost to build an ADU per square foot?" But when we build a small house, we are essentially squeezing all the elements of a larger house into a smaller space, so cost per square foot falls short as a useful measure. Rather, the total cost is more useful. Generally speaking, the ADUs we build start at a construction cost of a couple hundred thousand dollars, and that cost increases based on design options on finishes, fixtures, and building components.

In Seattle, Emerald City charges sewer, electric and construction fees based on the square footage of the structure being built. These fees often add up to $ 4,000 - $ 6,000 depending on the size of the property and specific needs. Learn more on the city of Seattle zoning page.