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12 February 2025 | 2 replies
@Allan Guerra, at least in Ohio, you cannot receive a commission based on the purchase price of a property without being a licensed real estate agent.
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26 January 2025 | 3 replies
My contact info is in my bio and I look forward to connecting!
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19 February 2025 | 20 replies
@Robert Brock, I guess my advice is not really any different than I would say to someone wanting to be a residential wholesaler: you need to add value to the transaction.Often times, having the deal tied up is the value, but more often then not, in my limited experience with commercial wholesalers and residential, the wholesaler has no idea what someone will actually pay, so they tie up a deal at too high a price and then add their fee that turns a bad investment into a horrible investment.
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10 February 2025 | 21 replies
BUT The points they charge and interest are both way higher than normal, on some deals I ran numbers the points and interest were going to be 20k on properties where the ARV is 100k so you have to get properties at such a low price to make it work that it is so hard.
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20 February 2025 | 4 replies
Hi Evan from Sayville, NY-You asked about whether a lender would pay real estate commissions and closing costs with a short sale.I negotiated a lot of short sales after the Great Financial Crisis.Short sales are similar to dealing with a bank owned property accept the bank is trying to avoid taking it back so the terms, specifically an acceptable purchase price, have to be negotiated.The thing I found that was important to negotiate was the lender agreeing to settle without further recourse for the seller.
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19 February 2025 | 3 replies
What formula is used when calculating price of property + property taxes + expenses and upkeep - what property will rent for = monthly cashflow?"
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4 February 2025 | 0 replies
Purchase price: $100,000 Cash invested: $35,000 Sale price: $270,000 Hey BiggerPockets Community,I recently updated a multi-family property on a tight budget and significantly increased its value.
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5 February 2025 | 15 replies
One seems legit but the price for the course is 11k.
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3 February 2025 | 2 replies
Pricelabs Market Dashboards – Great for analyzing local comps and pricing trends. 3.
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16 February 2025 | 5 replies
•Breaking even in Year 1 is reasonable, and cash flow is possible with good management and pricing strategies.