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2 January 2025 | 37 replies
What he does not know yet is that selling even with a loss, is not going to be easy either.You don't need to make all your money on your first deal.
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30 December 2024 | 14 replies
Let’s break it down with the 70% rule to see if it’s investor-friendly:ARV: $190,000 (taking the middle of $180K-$200K)70% of ARV: $190,000 * 0.7 = $133,000Minus Estimated Repairs:Roof: $20,000AC: $4,000Additional repairs (general estimate for a property needing updates, say flooring, paint, minor plumbing): $10,000-$15,000Total Repairs: approx. $35,000Max Buy Price for Investor: $133,000 - $35,000 - $10,000 (wholesale fee) = $88,000Since you’re getting it for $91,000, you’re close, but to make it irresistible, consider negotiating the purchase price down a bit further.
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23 December 2024 | 10 replies
A handy search bar in the upper right makes it easy to find previous discussions, blogs, podcasts, and other resources.
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26 December 2024 | 8 replies
My cabins (1 to 5 bedrooms, all with views, and all except the 1 bedroom is further from town) are still performing well and most are on track to meet or exceed 2023 returns.The days of buying and everything running easy with people filling your dates and throwing cash at you are over.
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17 December 2024 | 7 replies
Asking in the correct forum will get a better response.Read the RULES!
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26 December 2024 | 3 replies
Duplex Development Made Easy - SB 9 permits property owners to convert single-family lots into duplexes.
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30 December 2024 | 12 replies
It's really that easy along with knowing your business inside and out.
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30 December 2024 | 24 replies
The PM business is not an easy business and most have fair fees for the work that's required.
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25 December 2024 | 2 replies
A handy search bar in the upper right makes it easy to find previous discussions, blogs, podcasts, and other resources.
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31 December 2024 | 22 replies
Before the day ended, FinCEN released a public statement regarding the Fifth Circuit's ruling, announcing an extension of certain reporting deadlines to allow more time for compliance.