All Forum Posts by: Jordan Matanane

 Thank you Scott, I will try and apply this concept. I guess I just wanted to see the break down of each line and use that as a blueprint. Thank you.

Hi, my question is, when running your numbers other then the 70% rule what are the actual percentages? I’m mostly trying to figure this out for my area in Washington state, Pierce county and king county. I want to make sure when finding deals I am running them correctly. I stayed up late last night trying to figure this out. So far I got.

Arv example $400,000        4mo. Flip
Buying cost - 3% of arv
cost of money 3% ? Not sure

Holding cost 1.5% of arv
monthly hard money cost,
utilities, tax/insurance, maintenance

Selling cost - 6.5% of Arv Flat fee broker and buyers agent

Any feedback would be greatly appreciated, if you’re in a different market, would love to know how you guys are doing it. Thanks in advance. 

Did you ever find a good RE attorney in Pierce county? That handles subject to?

@Norberto Ponce

Hey all,

I'm looking for a Sub2 friendly Attorney in Washington state, if anyone has any recommendations I would really appreciate it.

Hi,

Recently I've gotten real focused on what strategy I want to use to get into REI. My long term goal is STRs but with my current situation, poor credit, no capital, I've decided to get into wholesaling a few off market houses. Now I know I could try and find a partner that has the capital and still get into STRs but I would like to try and do it on my own. I'm currently working on building my credit back up and saving. Finally my question is what are the questions you ask if you have a potential lead? If they accept the offer what contracts do you use? And if I have an RE attorney do I still need a title company? Any feed back would be appreciated, Thank you.

@Josh Palmer Hey Josh! Thanks for the info I will get on there now.

Hi all,

Looking for a local REI meet up in the Tacoma/Puyallup area.

@Matt Lyons just want to say, thanks for sharing. I’m a newbie investor and I was feeling a little down today. I’m not making much at my W2 and currently taking the time to get my finances straight. I’ve cut out pointless spending and, maximizing as much as I can from my paychecks to put into savings. Scott Trench and Mindy Jensen said you should invest from a place of financial strength. So that’s what I’m trying to accomplish. This gave me the boost I needed to keep going, since lately I feel I haven’t been doing enough but I know even though it feels that way I’m still taking steps to my future. This post reminded me of that. Thank you Matt! Wishing you the best.

@Brian Garrett thank you! I understand now. I Appreciate your help