All Forum Posts by: Daniel Levine

Thank you. I will check them out.

Anyone have suggestions on Denver area associations and clubs. There seems to be a few different choices. Let me know what you like. Thanks.

I have completed a flip and it was successful however it highlighted how much I still need to learn. Than Merrill came to town and is putting on his standard sales pitch or 3 day seminar. The reviews are mixed, some people recommend Bill Vaughn. Does anyone have any suggestions or reviews of these programs?

thanks, I want to be fair so 6 months will do. She did say if we were not happy we can cancel the contract. I appreciate your help.

I recently flipped a house in New York. The selling agent wants 9 months exclusive terms with 6% brokerage fees. I am concerned with the 9 months exclusive terms and want to change this to 3 months. What is a typical term for a selling agent? My thoughts are if she can't sell it in 3 months I need someone else, and if we only give her 3 months she will be more motivated to work on it. Let me know your thoughts. Thanks.

what is a reasonable amount to expect to pay a book keeper or CPA to do my books once a month? Do I need someone who specializes in real estate?

I have been doing my accounting on Excel and find that it is impossible to set it up properly. I am a small start up who is doing rehabs at this time. As I build my revenue I plan on expanding to buy and hold deals, so I need something flexible. I run the company with 2 partners as an LLC and do not have any employees. It needs to be easy to understand, flexible, and cost appropriate for a small start up. Any suggestions?

While I understand the 2% rule, I am having a hard time figuring out what a respectable cash flow is on a property after I have analyzed all the costs. For example, I am looking at a duplex which will cost me about 45,000 plus an additional 5000.00 in repairs. It currently rents for 1900.00 a month. However, I know I can get more with the repairs done. After all expenses, and the mortgage payment I would see an estimated 522.00 per month cash flow. The property taxes are high and I would be paying the utilities which eats into the cash flow. Is this 522.00 a month respectable? Any ideas?

Great advice, I will check them out as I have properties in multiple state's

I am new to the game and my market is the same. Here in Colorado there j s very low inventory and houses average only 4 days on the market. I have just purchased a hoje in New York and pkan on buying a few more. I have partnered with my brother who lives there. The market there is perfect for bith flips and buy and hold. once the market levels outin Colorado I will start here. I thinkbthe biggest challenge of working in an out of area marjet is figuring out the market trends, and making the connections you will need to hekp you manage them. However, sometimes the market you live in does not sny desls at the same time you are ready to jump in.