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3 September 2024 | 11 replies
Eliminate debt, establish a budget, and save.
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2 September 2024 | 1 reply
Communication is key, be very clear about what your scope of work, budget and timeline is for project.
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8 September 2024 | 168 replies
Yes I agree the strategy relies on these promo rates, similar to credit card hopping, but I'm not gonna become lax in my lifestyle/budget or reduce my payments to the minimum interest owed, I'm still going to pay the same amount per month I was paying previously but the payment will go a lot farther in terms of making a dent in the principal.
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3 September 2024 | 2 replies
Buyers agents may start to get more creative on the payment of their services by offering a la carte pricing, flat fees, and hourly services to better fit their buyers budgets.
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6 September 2024 | 79 replies
Project Parameters:Flips only, no buy and holdResidential onlyCost to Value (purchase and rehab budget) to be around 70% of ARV or belowProfit is shared at 50% (after costs, deposits and fees)Properties must have $50k profit or morePrefer homes in suburban areas with area population above 100kMost projects approved will be flips, wholesaling to our network is considered as wellSales contract should be in your name and assignable (we can make it work if it isn’t)Please include the following information in when submitting a project for evaluation with our funding group:-Stage 1-Initial Project Submission.
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1 September 2024 | 8 replies
I can usually save a decent amount, especially if I keep eyes out for deals and buy when these items are priced most competitively and not necessarily when I need them.Using the bathroom remodel apartment as an example, I will spend $1,500 more per unit than most of my competitors who renovate in the same market but that $1,500 (5% of my apartment renovation budget) gets me oversized soaking tub in most units, nicer tiled bathrooms, counter tops that don't look like every other apartment in the neighborhood & a step up in appliance package and better quality fixtures.
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1 September 2024 | 4 replies
Assess your savings, budget, and eligibility for homebuyer programs.
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31 August 2024 | 14 replies
We were married recently, and when we add in our wedding gifts with what we have been saving on our own for years, we feel that we are finally ready to pull the trigger on our first property purchase.We actually live about 90 minutes south of the ski area that we are looking to invest in, but it is an area that I am very familiar with as I have been going there my whole life.
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30 August 2024 | 21 replies
I want to move forward with him but it will increase my rehab budget.
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31 August 2024 | 22 replies
Happy to help you set a plan, but everyone else is right that $600k is out of your budget currently.Whatever you end up doing, I would recommend looking into conventional financing though.