All Forum Posts by: N/A N/A

Wheatie thanks for all the info that helps a lot.
I am iliterate when it comes to these abriviations and terminology.
could you clarify what these mean:
hard money
noi debt service
arv

Thanks

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I am pretty much just starting out. I am confident in my ability to figure out if I will make money or not. I have a realestate book that gives the line items to consider. Is there a quick way to see if somthing is a deal or not with out going through all the numbers? I hear you guys talk about the 2% rule. Is there any quick checks that I could do before putting a lot of time and effort into a deal? Also when you invest for flips is there a % of the sale price that you expect to pocket? like say 20-30% of the selling price is gross profits or net profits?

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Originally posted by "Minna":

So today I'm poking around on the MLS....what do I find??
Witnhin 15 minutes I locate 3 multifamilies that are priced almost to support the 2% rule...a few single fams priced alright...

And one single family that...get this...( i had to run down and check it out asap when I saw it)...

ARV of 160....repairs at about 55....it's an REO and the bank prices it at...drumroll please....49K!!! I couldn't believe it. The bank prices right. Mistake...agent error...or the bank comes to its senses?? Who knows...but my offer is in.

Loving this downward market.

What is the 2% rule?

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Where do you guys find your deals? through a realetor, on your own or through other investors?

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All Forum Posts by: N/A N/A

N/A N/A has started 2 posts and replied 4 times.

Post: Tips and formulas for investing.

Post: Tips and formulas for investing.

Post: Are times achanging?

Post: Finding deals