9 September 2024 | 9 replies
The numbers I ran yield a decent 300-450 cash flow depending on how conservative I want to be with reserve and property management fees.

9 September 2024 | 14 replies
But the best ways to get started are, in my opinion: 1) save up enough for a 10-20% down payment and then save a lot more on top of that for reserves, overages, and any unforeseen repairs. 2) have your financial house in order and have credit above 700 to get more favorable rate and terms from lenders. 3) speak to a loan officer that is experienced with fix and flips and get the necessary documents together for a pre approval (typically not much required, usually a valid ID, LLC docs if any, and two months of bank statements showing funds for down payment and reserves).

12 September 2024 | 32 replies
Not to mention reserves.

8 September 2024 | 18 replies
Yes, you're missing the underlying appreciation of the house, the value of storing money in a physical asset versus an alternative and capex costs.

9 September 2024 | 13 replies
It is hard to justify an expense that would eat up all of a majority of your cash-flow.An investor doesn't necessarily need 'any' professional but it really depends on your knowledge/amount of time you have.For example, technically, most people may not need a painter as the tools are available to them in Home Depot or most stores.

9 September 2024 | 18 replies
By the 3 more years to qualify it means you are in the guard/reserves.

10 September 2024 | 13 replies
Make sure to factor in 5-10% vacancy, taxes, insurance, mortgage, repairs & maintenance, lawn care, pest control, management fees, utility costs (goes in your name when vacant), turnover costs, and capex reserves.

8 September 2024 | 29 replies
We only refund purchases made by error (I think that's fair - our refund policy is already very generous) to users account balance and not their card (kinda like store credit).

13 September 2024 | 61 replies
If you want to break the USD, which dethrones USD as world reserve currency, which dethrones US as predominant world power.....

8 September 2024 | 15 replies
It may be a pet store, a pizzeria, movers, renter's insurance.