
24 May 2024 | 5 replies
I've flipped property worth over 1.5 million all the way down to 50,000.

23 May 2024 | 6 replies
So, looking at the flips I take on, with anticipated profits in the $70k+ range, the setup costs alone are eating nearly 20% of your potential profits, and that is before any real splits with your investors, leaving both your investors and you with not a lot of money left to spread around.A fund could work, but typically, for the economics of a syndication/fund structure to work, you are looking at several million of equity, leveraged up to high single millions, if not into $10+ million range for their to be enough money to make it worth everyone's efforts.

23 May 2024 | 6 replies
Quote from @Corey Duran: The general rule of thumb is $1 million in equity per LLC.

23 May 2024 | 4 replies
I own multiple properties, mainly here in south Florida, a few million in equity.

24 May 2024 | 100 replies
For instance, most Millennials buy their first home at age 31, and for the next 5 years, 5 million Millennials will be turning 31.

26 May 2024 | 40 replies
Our premiums did go up but it was a half-million dollar claim.

24 May 2024 | 15 replies
...if you have hundreds of thousands or millions in reserve, it might not be an issue ...but if you only have a few thousand, it will be a major problem.Now, having said all that, there definitely are scenarios where a structural issue is an easy, relatively cheap fix. ...and, there are some examples of settlement that can be ignored--for instance, minor settlement on a 100 year old house is fairly common, and might not affect the structural integrity of the house.But, again (assuming that you're not a structural engineer), you don't know what you don't know--it could be five hundred bucks and a weekend of work, or it could be a hundred thousand dollars, a year of your life, eight months of vacancy, and ultimately bankruptcy.

23 May 2024 | 1 reply
Mine is a mentor at the start of the pandemic in Ft Lauderdale. 20% down. 3% I/O for 5 years on a million dollar home, now worth at least double.

23 May 2024 | 13 replies
Just get real clear with what you want out of real estate before you jump into a million dollar mistake.

23 May 2024 | 6 replies
Simply reads the script, schedules follow ups with sellers who are not always motivated (if they give a price that’s not $1 million, it’s given a follow up haha) and with motivated sellers she doesn’t ask questions that help gather more details to reveal the motivation or timeline.