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3 July 2018 | 18 replies
Your property was only marginally performing before it jumped in value.
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2 July 2018 | 23 replies
Yet it seems like the “thing to do” is to leave the job market and become a full time investor.With it getting harder and harder to find deals in real estate, and with the margins getting smaller and smaller in general, will investors who have left the 9-5 to persue their dreams of investing in real estate full time be forced back into seeking a job to pay the bills?
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1 July 2018 | 10 replies
However, $700 a month is a small margin for error in a project this size.
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2 July 2018 | 4 replies
All in all, I'd check those numbers because your margins are kind of slim.
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20 July 2018 | 16 replies
We are selling now one of our flips (https://www.idealista.com/inmueble/81685415/), and even with our 20% margin you could make 6%.
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3 July 2018 | 20 replies
Since you are a pro, use the calculators provided under tools to help but here is my quick rundown on a post-it:Buy = $80kRehab = $30kHML Points = $3kHML Interest = $3k (assuming 90 days held total)Holding Costs = $1,500 (assuming 90 days electric, gas, water/trash/sewer, builders risk ins, prop tax)*Selling Costs = $10k (6% relator fees, 1.5% closing costs)Sale Price = $135kProfit = $7,500*I am taking a very high level guess on your holding costsFor me this is WAY too thin of a margin.
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2 July 2018 | 11 replies
When you're getting $100 bucks cash flow they are quite literally asking for a 20% of my already slim margin.
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16 July 2018 | 15 replies
My point is, know your market and what kind of margins flippers look for.
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11 July 2018 | 4 replies
Hi Wendy, those sites that say "We Buy Houses" are actually wholesalers as well and if you get a good enough deal they could buy it from you but it would have to be really amazing to have enough margin for both you and the other wholesaler.