
15 November 2024 | 5 replies
They might want you to stew in it if you can't do the rehab.Your best scenario would be to bring in a partner on the flip who is experienced and share the deal with them to get the experience if you can.

15 November 2024 | 8 replies
@Alex Del Rio welcome and congrats on Real Estate Professional Status (REPS) this brings with it a lot of tax benefits that you didn't have access to before.

18 November 2024 | 35 replies
IMO just let them bring their own.

15 November 2024 | 5 replies
You can do a quick search to bring up a few options that might fit with your property's location and your budget.

16 November 2024 | 4 replies
A business model that has always made sense to me is teaching people how to find good deals and have them bring them to me for more critical evaluation and execution where I invest my capital beside yours.

19 November 2024 | 24 replies
We get a first estimate and then we bring them all back after demo to make sure.

15 November 2024 | 16 replies
We just bring over our full size Bissel and clean the carpets along with full cleaning top to bottom.So far so good!

19 November 2024 | 14 replies
After, you can start bringing on owners confidently and it's one of the lowest costs to entry around with a very high upside.

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?

21 November 2024 | 305 replies
Would you spend the time to bring those houses up to code and have them permitted?