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15 December 2024 | 6 replies
Here are title cost numbers from my last deal in Lake Oswego ($625k sales price):Title agent fee: $1100Owner's title policy: $1425Recording fee: $350MERS: $25There may be transfer taxes depending on what county the property is in, as well.Chris
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14 December 2024 | 42 replies
Based on the numbers, I could build them for prices to where I could then pull all the money out of the build and be all in at nothing down and still cash flow and gain larger chunks of equity so I can keep going.I'd live off the sales of the builds and build wealth off the holds I'd build.
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24 December 2024 | 25 replies
Strong jobs reports had a larger effect on the 10 year treasury, followed by strong retail sales numbers, followed by EU inflation numbers, then followed by election results but honestly election results only affected rates for a couple of days.Lots of pressure on treasuries from the level of debt the US is carrying, but remember the Fed is also still doing quantitative tightening (while cutting rates) which is additional upward pressure on rates.
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18 December 2024 | 16 replies
@Derrick Lewis It's a sales gimmick.
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16 December 2024 | 15 replies
Even with very little cash on hand, you can get creative financing; for example, I did my first flip renovation with a new business Credit card one year with 0.00% APR, paid everything back after the sale, and got points and signup bonuses.
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14 December 2024 | 0 replies
It will be a short term Airbnb rental.Have had success with two other Airbnb properties that I currently arbitrage in the local Pittsburgh area.Purchased the home far below market value with a probate sale.
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16 December 2024 | 11 replies
While this can be appealing for short-term liquidity without immediate monthly payments, it often comes at the cost of significant equity upon sale.
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14 December 2024 | 2 replies
Partnering with a wholesaler sounds fine, but check the real estate licensing laws in your state before bringing a buyer for a commission.You might consider getting your real estate agent's license and legitimately earn what your skills, drive, and experience truly command. exactly wholesaling or bird dogging is not a life time or long time occupation RE sales can be lifetime and if your any good at it at about year 10 you should be getting all your sales from referrals and such.
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16 December 2024 | 5 replies
Then compare that to median sales prices in a given zip code.
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6 December 2024 | 21 replies
Yes, I agree with others on the tech portion.