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10 October 2018 | 2 replies
Possible edits could be:Take out "I'm sorry for writing you" altogether and just start with "I'm a local landlord"Take out "If you're interested" and say "I would love to speak with you to see how I can help."
25 October 2018 | 193 replies
@Dan Heuschelehttps://www.forbes.com/billionaires/list/6/#versio...I'm not sure why your using an out of date source (Forbe's 2016), the current 2018 edition, I'm not able to find anyone in the top 20 richest people in the world that made their wealth in RE.
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14 October 2018 | 5 replies
This is a really good book available here in the BP Store, takes you from beginning to end and all the in betweens..https://www.biggerpockets.com/store/flipping-digit...
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11 October 2018 | 2 replies
Download PDF Edit Report Discuss in Forums Other Actions $1,500.00 Monthly Income $786.67 Monthly Expenses $713.33 Monthly Cashflow 12.53% Pro Forma Cap $10,024.00 NOI $18,480.00 Total Cash Needed 46.32% Cash on Cash ROI 18.26% Purchase Cap Rate Expenses Income 50% Rule Total operating expenses: $664.67 Mortgage expenses: $122.00 Vacancy: $75.00 Repairs: $75.00 CapEx: $75.00 Insurance: $150.00 Management: $150.00 P&I: $122.00 Property Taxes: $139.67 $54,900 Purchase Price Purchase Closing Costs $2,500.00 Estimated Repairs $5,000.00 Total Project Cost $62,400.00 After Repair Value $80,000.00 Down Payment $10,980.00 Loan Amount $43,920.00 Loan Points $0.00 Amortized Over 30 years Loan Interest Rate Monthly P&I $122.00 Total Cash Needed $18,480.00
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31 October 2018 | 5 replies
@Justin Allen Here is my "starting up" collection:Read Dave Ramsey book "The Total Money Makeover: Classic Edition: A Proven Plan for Financial Fitness." and complete the baby steps there.Read Scott Trench’s book “Set for Life.”Finish the school and get your degree - you'll need it later, especially if it's business management.Get a job first where you have W2 income.
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9 November 2020 | 5 replies
Amazon just notified me this morning that J Scott's Estimating Rehab Costs has a 2nd Edition coming in January.
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12 October 2018 | 2 replies
@Bobby Zandate FYI, you have like 15 - 20 mins to edit your post without getting the ****ing "updated" lingo under the original.It seems like you did your numbers correctly based on the limited information you provided
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13 October 2018 | 0 replies
Edit: A second look found that the fence money is in closing cost... everything is fine now i guess
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21 October 2018 | 10 replies
Investors want double digit returns.
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16 October 2018 | 1 reply
Hey buddy-o, you can either fix the electrical and have a handyperson throw some handrails up, or this property is going to someone using fix-n-flip financing, which carries double digit interest rates, meaning the offer must be lowball by necessity.