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12 February 2025 | 3 replies
Here is the statement expanded to include formulas for doing one flip per year, two flips per year, five flips per year, and ten flips per year: One flip per year: If you start with $50,000 and do one flip per year, aiming for a 35 percent return, your progress would be: Year 1: $50,000 + (35% × $50,000) = $67,500 Year 2: $67,500 + (35% × $67,500) = $91,125 Year 3: $91,125 + (35% × $91,125) = $123,019Two flips per year: If you start with $50,000 and do two flips per year, aiming for a 35% return on each, your progress would be: Year 1: $50,000 + (0.7 × $50,000) = $85,000 Year 2: $85,000 + (0.7 × $85,000) = $144,500 Year 3: $144,500 + (0.7 × $144,500) = $245,650Five flips per year: If you start with $50,000 and do five flips per year, aiming for a 35% return on each, your progress would be: Year 1: $50,000 + (1.75 × $50,000) = $137,500 Year 2: $137,500 + (1.75 × $137,500) = $378,125 Year 3: $378,125 + (1.75 × $378,125) = $1,039,844Ten flips per year: If you start with $50,000 and do ten flips per year, aiming for a 35% return on each, your progress would be: Year 1: $50,000 + (3.5 × $50,000) = $225,000 Year 2: $225,000 + (3.5 × $225,000) = $787,500 Year 3: $787,500 + (3.5 × $787,500) = $2,756,250The key points remain the same, which is to aim for a high return through flipping, reinvest the profits to compound the gains, and be disciplined in order to build significant wealth over just a few years of this real estate investing strategy.
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10 February 2025 | 8 replies
When I walk a home with the seller, I am waiting for opportunities to interject a statement or question.
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31 January 2025 | 3 replies
If my business owner bank statements did not gain me an approval, I was going to go the hard money route.
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28 January 2025 | 9 replies
: Hey @Michael AlmandI am analyzing a tool called 'Rehab Estimator' that helps you estimate rehab costs in your area and generate the statement of work (SOW) based on your selections.
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23 February 2025 | 16 replies
Code § 1343 - Fraud by wire, or commits unjust enrichment, or violates 18 USC Ch. 47: Fraud And False Statements, or perpetrates a foreclosure rescue scheme, or takes advantage of "protected person" or violates the Dodd-Frank law and/or the S.A.F.E.
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27 February 2025 | 11 replies
If you understood these policy designs, you would never make a statement like "It can take years to access the cash value".
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31 January 2025 | 2 replies
Also prevented us from making wrong statements on our part which would have reduced the claim.3.
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1 February 2025 | 3 replies
Shortly after this, I was reviewing some of our financial statements one month and noted a $2000.00 charge from the HOA management company.
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10 February 2025 | 59 replies
SIGNED STATEMENT OF INSURED AS REQUIRED BY SECTION 3905.33 OF THE OHIOREVISED CODEThe named insured ___________, acknowledges that the insurance policy (other than life insurance) as described above is to be placed with an insurance company not authorized to do business in Ohio.The insured understands that the insurance company is not a member of the Ohio Insurance Guaranty Association and that Chapter 3955. of the Ohio Revised Code is not applicable to claimants or insureds of said insurance company.
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2 February 2025 | 10 replies
Remember some organizations develop solar for their image and the feel good aspect, not the financial profit.This statement can be applied to any form of new energy development.