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15 November 2024 | 8 replies
I spend half the year in Indonesia where me and my wife rent a home.
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28 November 2024 | 184 replies
*In addition to the $7,000 weekly salary that she drew from ORES, Van Gundymisappropriated more than $5.7 million in investor funds for her own personal use, spending thosefunds on a variety of purposes, including payments for her nanny, private school tuition for herchildren, veterinarian bills and boarding costs for horses, cash withdrawals, auto payments, retailstores, and debt extinguishment, among other personal expenses*
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14 November 2024 | 5 replies
If I had $10 for marketing, I would spend $9 on the lead list and $1 on some tool to do something with those leads.
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16 November 2024 | 4 replies
In all fairness, I have never participated in their mastermind group, but I have been pitched grossly over priced so called education programs from people that spend more time promoting and exaggerating what they’ve done in the hopes of getting a check from me with 5 zeros.
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15 November 2024 | 16 replies
The idea is by spending big on amenities, you'll outperform other properties.
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26 November 2024 | 86 replies
The ONLY reason to invest in real estate syndications rather than REITS is better return. 2- if you decide syndications are better for you, spend due diligence on vetting the syndicator - eliminate any that do not have the experience, verifiable track record, or investment philosophy you want.
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22 November 2024 | 92 replies
Can find stuff down in Macon that is 1% but you will spend sooooooo much money on repairs and chasing rent it won't be worth it.
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21 November 2024 | 305 replies
I don't spend a lot of energy on worrying about that.
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15 November 2024 | 17 replies
.- Spend your time and energy on getting deals, not on imitating podcast hosts.Good luck.
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15 November 2024 | 15 replies
Quote from @Luis Maza: Hi all, returning to the game this year and would like to pick your brain a bit, we started working with a wholesaler that will send us properties here and there with the "wholesale" price, but every time we check the properties and add the numbers, the margins are, well, I am not sure, too low perhaps, maybe we are getting to picky, but this is my dilemma for example...Today we got a property, wholesale price 300K, rehab about 50-60K, ARV is about 440k, but with the cost of hard money, we have about 100k cash, hard money interest at 11%, keeping the property for 90 days while we finish the rehab, closing costs, commissions, we ended with 30k profit before taxes, while it sounds appealing, adding up all expenses and cost we ended up expending 50K on rehab(labor/materials) and about 50-60K with cost of the loan, interest, commissions, etc, everyone makes money, happy with that, but it seems that we are working to produce a 100k for everyone else, while we make 20-30k if everything goes well...In my opinion, we are not really getting "wholesale" price, it seems that we either buying to expensive, rehabs are much more than we would like to spend and the cost of borrowing that money is too high...We came up with thoughts as: lets fund it ourselves with money from a close friend/partner that we will bring in, and that would save us 10-15k here and there, but still, is that the norm now?