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24 December 2024 | 4 replies
Finding it through your Facebook sphere shows the power of networking, and keeping the rehab cosmetic was a smart way to minimize risk and maximize profit.One thought: Have you factored in holding costs, loan interest, and potential market fluctuations during the 45 days?
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23 January 2025 | 30 replies
When he became the first relief pitcher in MLB to sign a $100k contract and asked what he was going to do with all that money (this was 1968) he said “ 90% I’m going to spend on wild women, Irish whiskey and good times; the other 10% I’m just going to throw away”.
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14 January 2025 | 28 replies
Digitize physical receipts for easy storage and use a consistent naming convention for easy sorting - 2024.03.25 Home Depot.Maintain proper records, such as contracts, settlement statements, and promissory notes.Additionally, you can track income and expenses consistently using software or spreadsheets.As you scale, if bookkeeping isn't fun, consider hiring a bookkeeper for a couple hundred bucks per month.
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26 December 2024 | 2 replies
The property had a first mortgage, as well as a second mortgage, both from the same purchase money lender.After receiving the trustee’s deed and recording it, I discovered two “Independent Solar Energy Producer Contracts” recorded against the home.
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5 January 2025 | 31 replies
She's our CEO for both our Sales and Property Management companies as well as she co-owns a contracting company with her husband while managing a whole bunch of kiddos!
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24 December 2024 | 5 replies
You're smart for recognizing the importance of building relationships...very few wholesalers in my area understand this.
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17 January 2025 | 19 replies
On the business management side, I've invested roughly $10k into the systems for financial and operations through courses and consultants.A great Facebook group I'd recommend Remodelers Community -- I know it says remodelers but this group has a resource called the "remodelers vault" where members have pitched in their resources like contracts, cash flow trackers, QC checklists and more that are invaluable starting out as a residential GCBest of luck, you got this
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27 December 2024 | 93 replies
I got out of my contract.
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26 December 2024 | 6 replies
As for Columbus, it’s a growing market with potential for strong rental demand, but make sure to research specific neighborhoods, local market trends, and the level of competition to ensure you’re making a smart investment.
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2 January 2025 | 50 replies
Never smart to put all your eggs in one basket.I've heard of people getting their listing suspended for petty things outside their control.