25 January 2017 | 91 replies
Hi @Taz Patel,I know you have had some time to digest and have gotten lots of advice.
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2 March 2020 | 49 replies
This is why all appraisals are contingent on a marketing time frame for instance "$100k with an exposure time of 3 months".Hey Merritt, thanks for the detailed information that I'll need to digest.
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24 May 2018 | 279 replies
I've been ravenously digesting about every RE book I can get my hands on.
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24 July 2023 | 13 replies
Broken down well and easily digested.
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2 September 2022 | 60 replies
wow, lots to digest here.
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15 January 2024 | 64 replies
This thread really needs your utilization and commentary James before someone saying no that's not my market because they unable to digest the data LOL
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30 April 2016 | 36 replies
What's your sense as you've been digesting all the comments?
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16 February 2016 | 2 replies
Not sure I know where I am going with this, guess I just wanted to vent, because I feel like I did something wrong by the process moving so fast, I didn't have enough time to digest everything, as far as my eyes could see it looks to be a good deal.
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18 April 2018 | 43 replies
Stp, breath deep (twice) and think about it - (I suggest you glance at the sky while you digest this and breath deep)Example: an imaginary one, but will show the impact of commissions on bottom line. - a Flip.The Acquisition:Acquisition cost $100,000 (purchase price + closing costs)Rehab: $25,000ARV: $160,000 (assume this is the sale price)Assumed you get investor to finance you 75% of project: ($125,000 x .75) = 93,750Your equity (cash for "cash on cash" calculation): $31,250 (100000+25000-93750)Now the sale:Sale price = ARV $160,000Sale commission 6% ($9,600) - traditional listing agent.Other closing costs: ($2,500) (lets ignore the interest for this exercise)Profit: $54,150 (160000-9600-2500-93750) Cash on Cash 73% (54150-31250)/31250 ---- VERY SWEET INDEED.....BUT ASSUME YOU GO WITH A FLAT FEE LISTING SERVICE (FOR $99) AND OFFER 3.0% COMMISSION TO BUYER AGENTSale commission 3%+$99 ($4,899)Profit: $58,851 - (160000-4899-2500-93750)Cash on Cash 88% (58851-31250)/31250----- MUCH SWEETERYour see how a small % change in the commission has an exponential effect on your Cash on Cash due to this simple fact: Commission come directly out of your equity while commissions are calculated on the entire sale price, which a large portions is leveraged by the loan. - a change in less than 3% in the commission impact your Cash on Cash by 15% - WOW!
4 October 2016 | 69 replies
I've been mostly a silent spectator on the meetups digesting all the information.