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Results (10,000+)
Sylvia B. So What Is Your Plan?
25 February 2019 | 8 replies
Blood & brain matter was still on the bed & mattress....Drug addiction will put people in crazy situations.
Julie Schwallier Bungalow with Style and Charm
28 February 2019 | 2 replies
This once drug home, with grease all over the walls and doors without knobs is about to come on the market!
Johnny Pineyro Oregon Declares Statewide Rent Control
4 April 2019 | 21 replies
Requires Oregon Department of Administrative Services to publish maximum annual rent increase percentage. 
Nick Macklin Does anyone use Non-Refundable Deposits?
2 March 2019 | 4 replies
Not only must you refund the deposit at the end of the lease, but there is also a lot more administrative work on the back end such as keeping the deposit in a separate interest-baring account and keeping track of that for the life of the lease.
Chihiro Kurokawa "Syndicators" with no operational experience
10 May 2019 | 58 replies
They have a social media/marketing/funnel hacker, a public figure guy who does all of the podcasts and hosts events, an acquisitions manager, a numbers guy and an administrator who handles flow. 
Sean Harrison Direct solo K custodian
19 March 2019 | 8 replies
@Sean HarrisonIf you're self-employed, you might be eligible for a Solo 401k, which offers many benefits over a self-directed IRA: Compared to an IRA, Solo 401k contribution limits are roughly ten times higher.There is no custodial requirement for the 401k.You don't need the additional expense and administration of an LLC to have checkbook control.There is a built in-Roth component whereas IRAs are either traditional or Roth, not both.A spouse can also participate in the same Solo 401k plan.The Solo 401k has additional tax benefits over an IRA when investing into real estate using leverage.The penalties for prohibited transactions are less severe, though it's best not to utilize this benefit :)I'd recommend you reach out to a few providers who regularly post here on BP to get a better understanding of your options.
Geoff Antone Cash on Cash and ROI with Hard Money Loan Financing
26 January 2021 | 4 replies
GeoffCosts Due at Closing Points: 3% of loan (one time) [only financed at 70% of ARV]Origination Fees: $1,020 ($400 document processing + general administrative costs, $575 legal fees - preparation and review of all documents, $30 application fee (charged at closing), $15 flood certification)Appraisal Fee: $400 - $475 (paid directly to state licensed appraiser)Insurance: ARV x .45% -- (paid for 6 months in advance before you close; can choose any insurance company as long as it meets minimum requirements HML has + lists HML as mortgagee on policy)Buying Closing Costs: 1% of purchase price (title insurance + escrow fees)Outside Costs (Holding) 4 Month Flip (120 days): 2 months of construction, 1 month on market, 1 month in escrow/title; plan for 6 months Monthly payments: 1% of loan Utilities: $230/month (varies; $125 electricity, $60 water, $45 gas)Property Tax: $3,000/12 months x number of monthsRealtor fees: 4% of ARV (multiple realtors that will list for 1%)Selling Closing Costs: 1.5% of ARV---------------------------------------------------------------------------------------------Example of House:Buy at $120kRehab at $50kARV at $230kCosts Due at Closing Points: 3% of loan; financed at 70% of ARV ($230,000 x 70% = $161,000 loan) $161,000 x 3% = $4,830Origination Fees: $1,020Appraisal Fee: $475Insurance: ARV x .45% $230,000 x .45% = $1,030Buying Closing Costs: 1% of purchase price $120,000 x 1% = $1,200TOTAL CLOSING COSTS: $8,555------------Outside Costs (Holding) Monthly payments: 1% of loan $161,000 x 1% = $1,610 x 6 months = $9,660Utilities: $230 per month $230 x 6 months = $1,380Property Tax: $3,000/12 months x number of months $3,000/12 = $250 x 6 months = $1,500Realtor fees: 4% of ARV $230,000 x 4% = $9,200 Selling Closing Costs: 1.5% of ARV $230,000 x 1.5% = $3,450TOTAL HOLDING COSTS: $25,190-------------Out of Pocket Portion for Rehab: $9,000TOTAL OUT OF POCKET COSTS: $30,095TOTAL OUT COST INCLUDING REALTOR FEES AND SELLING CLOSING COST: $42,745Calculations-------------------------------------------------------------Buy at $120,000 + $33,745 (costs) + $50,000 (rehab) = $203,745Sell at $230,000 - $203,745 (costs + rehab) = $26,255 (PROFIT)Cash on Cash $26,255 (Profit) / 30,095 (Total Cash Invested) = 87 %Return on Investment $26,255 (Profit) / $203,745 (Total Spent including all cost) = 12.8%
Chris Seveney Note Investing - What's Your Biggest Fear
15 March 2019 | 31 replies
That I'll die and the administrator of my estate won't be able to maximize the value of my note portfolio
Frank O'Harroll Hello Everyone, Frank Here! New to Wholesaling.
5 March 2019 | 0 replies
I am willing to volunteer my time to help with administrative tasks while I learn, and freely exchange my social media marketing knowledge.
Frank O'Harroll Hello Everyone, Frank Here!
6 March 2019 | 3 replies
I am willing to volunteer my time to do administrative tasks while I learn.