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26 October 2024 | 11 replies
@Adam Peralto More & more owners are posting here on BP about their rentals sitting vacant too long.Which means owners aren't paying attention to the rental market - which is slowing, causing Days On Market (DOM) to increase:(Take a look at the graph below from ShowMojo, comparing average DOM for 2018-2024.DOM are now about 40% longer than they were 2 years ago.Many owners also don't seem to be aware of real estate market fundamentals, such as seasonal effects:1) After September, when kids go back to school, there's a noticeable dip in activity in both the sales & rentals.2) After Halloween, there's another noticeable dip.
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31 October 2024 | 12 replies
The LP's are basically passive investors.
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28 October 2024 | 7 replies
I have six kids, lots of fun having them, but the real work comes in raising them.
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27 October 2024 | 2 replies
there are 3 or 4 companies that sell how to programs normally about 2k to 3k.. this will give you the basics.. or you can try to find a used set of books tapes on E bay for 50 bucks or so.
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28 October 2024 | 5 replies
One, some sales training most sales folks in RE have basically zero sales skills.
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29 October 2024 | 23 replies
So he basically got a house for free, plus 24k profit to keep for himself.
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23 October 2024 | 8 replies
The problem in school is the poor way they teach basic math, Algebra, and Geometry.
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28 October 2024 | 30 replies
After the sale of the company, we have:9-15 months of personal expenses in savings to live off ofStart with $100k cash and do micro flips to avoid the risk of a hard money lender and losing our tail if something doesn't go right or sell quick enoughOnce the house sells, reinvest all the cash back into the next flip and continue doing this until we are doing multiple flips at a time (he can manage 4 large projects at a time by himself, so we assume up to 4 active flips at a time eventually)Pros of doing this:No longer having to manage W2 employees/operations (this used to be my role but now that we have kids I want to stay home, not do this)Getting a larger chunk of cash to start flipping quicker vs waiting 1+ years to save enough cash for the first flipUsing cash reduces our risk of losing money with a hard money lender if the project takes longer to sell, rehab, etc.
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28 October 2024 | 15 replies
I'm not requesting a frank loyd wright design, basically, I'm looking for a modern style that we see all over the internet.
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29 October 2024 | 21 replies
So you’re basically saying that the money I personally put into my Roth IRA, whether from age 20 to 23 or whatever age> it can be taken out penalty-free, right?