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14 December 2024 | 2 replies
I have found a few deals on the market lately for some clients that flip, the numbers still gave the flipper a profit and the rehab time was 5 weeks.
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20 December 2024 | 14 replies
Even if your GC is decent was able to get your job done in 100 days, if it doesn't resemble the comps in quality then your 300k exit is now 270k and with all the exit costs and holding costs your 40k expect profit is now under 10k.
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13 December 2024 | 5 replies
I use the "profit first" approach to cash management and am VERY happy with what it has done for me. https://a.co/d/h16sPxR
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13 December 2024 | 4 replies
Would I pay for all the remodel expenses and then 50/50 split of profits or does contractor pay remodel cost?
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14 December 2024 | 2 replies
Always formalize the agreement in writing to define costs, profits, and contingencies clearly.Let me know if you need help structuring the deal or exploring funding options.Best,Drago
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17 December 2024 | 7 replies
As someone who deals and talks to real Private Lenders (small shops run by a guy who lends his own capital and doesn't use big box), they have a hard and fast business model that produces the rate of return they need to remain profitable and curb the risk on their cash.So the best product for a budding fix and flip investor is the bridge loan which includes acquisition money and construction money.
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19 December 2024 | 82 replies
Make sure the numbers so that if you put in 60k to 70k you're getting some sort of annual net profit so you aren't having to feed the investment.
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12 December 2024 | 10 replies
Once I build some profit I plan on putting a structure down.
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19 December 2024 | 15 replies
However, if the property is a long-term hold, the lower interest rate with a prepayment penalty can often result in better overall returns.Another consideration investors should evaluate is how prepayment penalties are structured - whether it's a declining penalty over time or a flat fee - because this can significantly impact their profitability when selling earlier than expected.
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13 December 2024 | 35 replies
Ask anyone who ever sold a business, even with great cash flow, it's not that easy to sell for a profit.