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19 November 2024 | 24 replies
For example - you're starting a $100,000 remodel on a propoerty that you have acquired, the Scope Of Work includes basic lipstick stuff like a kitchen remodel, a bath remodel, and new flooring and paint.I would start with a draw of no more than $10k, that is more than enough to get anyone going and it shows your good faith.
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19 November 2024 | 8 replies
Basically, what you'd be doing is reaching out to a lender and letting them know "I'm planning to buy 123 Main Street in 3 days with cash.
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20 November 2024 | 37 replies
Someone might bail on a HML secured by a vacant flip gone south, but they are less likely to bail when it's the home the investor's kids sleep in at night.
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14 November 2024 | 24 replies
He's basically wholesaling you a deal for an $18,000 fee.
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15 November 2024 | 16 replies
Quote from @Michael Baum: Hey @April Birdsong, so we have laminate on the main floor and I redid the kid's bunkroom in the lower floor with LVP.
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18 November 2024 | 12 replies
It will familiarize you with the basic terminology and benefits.
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20 November 2024 | 18 replies
I'm always looking for some automation tools (I would be happy with basics like email management), but I definitely needed some resources to better understand it all.
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16 November 2024 | 12 replies
So being conservative we would say you gain $46k in equity ($1.15m times 4%) plus cash flow (which I would argue is basically nothing after vacancy, repairs, capex) plus principle portion of debt pay down (you’ll have to look at your statements and figure this out).
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17 November 2024 | 16 replies
The population in Macon has been decreasing since before I was a kid, 40+ years ago.
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18 November 2024 | 9 replies
You basically get yourself vacation homes that pay for themselves and then some.