All Forum Posts by: David T.

Thanks for the post, Ryan. That's impressive work Roy, but then what else should I expect from a savvy Irishman! Hope you have a great 2016, Roy.

Hi BP, it's been a while. Been working hard. Happy new year to everybody. What is the average return an active investor is getting on their money outside of real estate investing.Say $150 to $250k? Sorry to bother with this, but I can't seem to find any credible articles or blogs about it. Any info helps. 

Welcome RJ, you find a win-win, keep me posted. you're in a great location and best of luck with it.

@Rocky Nguyen, whatever planet you're living on, I want to go there on my next vacation!

If your ARV is $160k, 30% of that is $48k. 160 X 30% = 48.

For deals around $250k ARV and under, your actual purchase price should come in around 50% of your ARV unless your doing a tear down or very deep rehab. Most flippers are looking for a 30% margin, but that's tough to find in ATL these days.

Good luck with it.

Nyala, as a new Investor having found a great deal, my advice to you would be to work with a private money or the softest possible loan you can get. Of all the types of loans you can get, a hard money loan is probably the most efficient way to fund deals, but it is also the most unforgiving of all the lenders out there if you make any mistakes. 

Best of luck with your deals!

I think you all seem to be losing sight of the point I have been trying to make here or deliberately confusing the issue. If an average home sale comes in at $200k and the agents are getting $12k in commissions and the buyer is getting $4k "costs" straight off the top, why should the seller have to pay 6% fees on these amounts. So the agents are insisting on getting a commission from the seller on their fees and clearly it's a form of double tax on the seller and reflects poorly on agents, but clearly from these posts and all the whining, there is a huge sense of entitlement to this? You can call me all the names you like, but this is the reality of it.

@Bill G. I think you're getting your lines crossed here. You have never done business with me so you can't really comment knowledgeably about how I operate or what fees I charge. I thought this particular forum posting was about the venality of Realtor fees? 

If you want to get into a discussion about HML fees, I might jump in on either side of that one so go ahead and post!

@Dooreuhn Cee, what you decide to pay and how you negotiate that is up to you, but do you really need to whine about that as well?

Hard money is way too expensive to use for buy and hold. A HML is normally used for up to a year to fund a deal for either flipping or refinancing. You should never borrow money for anything until you have your exit carefully planned.