Brendan Cutuli

@J_Koenig21 Assign it

Here is a breakdown of a deal I am working on: Purchase price: $163k After repair value: $305k-$320k Reno + Holding costs: $75 - $85k I have an offer at $195k. Should I assign it, or flip it and potentially make double?

@Ocho937 @dig_deeper1 You can buy one every year but you need to be able to justify the move (closer to work or family)

@dig_deeper1 Can you buy more than 2 multis with a 3.5%-5% down loan? Assuming you already own a couple using that product

If my duplex that I’m building doesn’t sell in less than 2 months I’m going to buy it myself with an FHA loan so I can recoup all my cash and more. I’ll live in it for one year and rent it out after. I’ve lived in two fourplexes before and I can do it again for one year. Easy for me to do this. Once the two units are rented the rental income could pay the mortgage entirely including insurance and property taxes. I’ll use the proceeds to maybe build 2 more duplexes if I can.

@_FlipMan That’s insane. In CT, it’s $500-750. Maybe pushing to $1k depending upon urgency and if it’s a 1,500 gal tank or more for a multi-family

Just paid $2522 for a routine pump / inspect / certify on a septic system at a property I’m selling. Insane. I’m not sure what time the guy started today but he was gone well before noon. What am I even doing with my life?

@N8RealEstate How long do you need the funds? DM me with details

I need $180-$190k to fund a commercial deal I’ll pay rehab costs There’s 3 commercial units, one is rented at $3,300 other 2 are vacant Any takers? Debt only

@NickMaccini That’s my favorite. I have one in my duplex from 1863 lol

Anyone ever see something like this before in a basement? Tree logs holding the house up? Entire house was severely slanted btw lol

@NoFrankingWay She needs a better lender. We always educate clients on budgeting and make sure they don’t too much house for what they can afford. That’s too bad. If she ever wants to shop around, I’m more than happy to talk to her

Sister in law is house shopping today. Asked her what their monthly budget is for a home (mortgage + city tax + prop tax + HOA + insurance) “We got qualified for $450k” What’s your monthly budget? “I don’t know. We got qualified for $450k” She’s a 50 YO corporate buyer. How.

@J_Koenig21 Let me take a shot at it. AFC Mortgage Group, local family business in Connecticut. We’re licensed in 17 states and growing

If you use DSCR loans, who are you using for lending? Thanks in advance.

@ThinkAppraiser Hell no

Husband and wife make combined/verified $9,000/month before taxes but have 590 credit score and eviction from 10 years ago Would you accept them if the rent is $2500/month

@WrestleOps @wwe and Mr iguana need to collab with @goosetheband to have Iguana Song be his entrance music

Mr. Iguana states that WWE wants him to go straight to the main roster due to him being a top merchandise seller: “They told me, you’re not going through NXT — you’re heading straight to the main roster’. We need you here because your shirt is the top seller in WWE, and you’re also the fastest rising star when it comes to action figures and trading cards.” (via Linea Directa TV / h/t @WrestlingNewsCo)

@optionscjp 5M by 40 I’m at ~550k at 28

Honest question - I’m not trying to engagement bait What is your net worth goal and by what age?

@mcuban Question Mark My partner has debilitating migraines and has been undergoing treatments for 10+ years. She got on vyepti last year but now under Trumps administration, Cigna is not covering it anymore They sent a $119k bill and want to go to collections Best course of action?

If this EO gets brand pharma to sell to us ( they won't know out of fear of PBMs), at anywhere near what the PBMs get ( higher , but fair ) , and we will offer cash pricing that will get close to what he wants. It's analogue to what happened with Trumps hospital pricing transparency The biggest insurance comps, (they own the PBMs), ig negotiate with hospitals and their prices are almost always higher than the cash price. So anyone with a credit card can get better pricing than what the big companies negotiate. We can make the same thing happen with brand meds. Just like we did with generic meds

@N8RealEstate You’re very right. I’ve bought three long term multis in the past two and a half years and am going to start getting into flips in the next year or two to have more liquidity

Everyone always tells me “you need to buy and hold not flip so you don’t have to pay as much in taxes” I agree, but if I held every deal and kept only buying rentals I would not be liquid at all and wouldn’t have any cash for reserves You gotta find balance

@mellowrk_lion Find a hard money lender then get it in long term debt after you close. Way cheaper than paying taxes on $700k in stocks

@InvestFortWayne @BednarikMatt You’re tough talking behind a screen 😂 relax

Tenant moves out and leaves the tub looking like this. How much are you charging them?

I have a 160 year old duplex that I currently live in. I’m going to be moving before I insulate it since it has little to no rock wool in there. I think it’s justifiable because you can charge higher rents due to energy savings, which in turn increases value of the property. Do it

Just bought a bunch of insulation to have blown into the attic of an 80 year old duplex I’m about to put on the market since it’s never had any at all. Nobody is going to care or give me a penny more for the place because of it but I’m a moron and can’t help myself.

@TheJSantiago 1 no brainer

Quick what offer are you guys taking: 1. $495,000 close in 28 days, limited inspections 2. $500,000 close on 6/20, full blown inspection contingency ?