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8 March 2024 | 77 replies
Corelogic also,,, so these data sources that are sub $99/mo are cheap in reality.An adage that is lifted from contractors; you are better off with marginal materials and a top notch crew then best materials and marginal crew...
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6 March 2024 | 4 replies
And at a $100k profit margin to refi it sounds tight to me.
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6 March 2024 | 8 replies
If you want good margin, I would look at the pre-foreclosure market.
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6 March 2024 | 4 replies
Even in an area like Lynn (North Shore) the margin between gross monthly income and all expenses based on an $800k property would net us approx $-2500/mo.
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6 March 2024 | 2 replies
Even 10% over whatever your PITI ends up being is very slim margins.
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7 March 2024 | 82 replies
And of that small number, once you have them pay through a PMS (which charges you a processing fee like Airbnb), your savings are marginal, if any.
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5 March 2024 | 5 replies
We buy, fix, flip and manage and leave no stone unturned when looking for deals.We negotiate hard, buy with cash and close quickly.Gotta buy cheap in order to make margin but still deliver a turnkey property to investor at fair market value.I've always believed in "making money when you buy and not when you sell".So it's important to buy cheap.A strategy that I always tell all of our buyers when investing is to always "underestimate income and overestimate expenses".If you think it won't happen to you, it will and you can't go wrong including a margin of safety when predicting expenses.I hope that helps 👍
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6 March 2024 | 2 replies
It’s making the problem worse.The Skeptics Take: Companies, like the one in my personal story above, that take advantage of folks who aren’t experienced, by charging wildly outlandish prices on top of beefy profit margins, are simply price gouging.
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7 March 2024 | 18 replies
How have these industry shifts affected your deal flow, profit margins, and the quality of your connections?
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4 March 2024 | 8 replies
Everything decent either gets canceled, is asking too much or gets bid up to paper thin margins.