All Forum Posts by: Lina Bibikov

@Eduardo Conde What if you did house hacking by the bedroom?

@Lauren Larsen When you see a bandit sign for “we buy houses” call and talk to them about purchasing their deals!

@Nathan Smith If I was able to go back I would focus intensely on Real Estate. I would go work for successful investors for free if I needed to in order to learn the business. There is nothing my college degree offered that I couldn’t have learned that way. In fact, I would have learned more applicable and important things. Seems my degree was preparing me for a 9-5 job, but what I really wanted was an entrepreneur life. So in my experience, college wasn’t worth it. I would be further along in my real estate career had I focused on it then. The fact that you are on this forum, listening to the podcast, and probably learning all you can gives me the impression that you will crush it! Good luck and God bless!

@Lydia T. Thank you, taking your advise and double closing.

@Greg Scott thank you, my lawyer is going to do just that

Have a deal where I didn't get the end buyers to show POF. Few days to closing they call and tell me that they are still working with the bank.

Purchase price $13,000 assignment fee is $9,500. The buyers are emotionally invested and want the property badly. So I’m thinking if they bring enough to cover the purchase and closing, allowing them to put my fee on a monthly installment.

Has anyone done this before? What should I look out for?

Thanks so much!

@Frank Patalano We have already done 1 wholesale deal and 1 flip, however, the biggest hurdle I have to overcome is financing at the moment. Just moved and have not had a w2 job in over a year. Regardless, our goal is to keep pushing forward and do at least one deal every quarter.

@NICOLE KAUFMAN best to speak to CPA!

There is so many different ways to do things depending on your goals. Are you holding rentals or flipping? Do you want S-Corp election? How is your LLC structured?

@Brandon Sturgill thanks for the response. Right now it’s all cash deal, and I’m getting mixed messages regarding what to look for regarding cashing out. (Get as close to 2% as possible before considering a cash out vs $200per door) I’m looking to get to $2000 month of passive income and in the next 5 years.

Closing on a house and cannot decide if we should flip it or Keep it as a rental.

ARV 129k

Purchase price $65,600

Rehab cosmetic $9,000

Rent $850

Looks like if I was to keep it, I would cash flow right at $200, but will need to wait a few months to refinance the money back out. Flip would possibly get the money out faster, and be able to go do almost two? What are your metrics when it comes to figuring on your strategy? Thanks!