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Results (1,693)
Herwin G. Buyers' agents giving commission rebates?
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!
Account Closed We Are Only One Decision From a Totally Different Life
4 October 2016 | 69 replies
I've been mostly a silent spectator on the meetups digesting all the information.
Austin Carr Denver Duplex
26 November 2016 | 10 replies
It's on audio as well so no excuse not to digest it.
Joe Fairless Just reached over $100,000,000 in apt communities: Lesson Learned
6 April 2017 | 27 replies
Not only was I able to digest the key points quickly and easily but I was able to present that information to less experienced investors so they could also understand easily.
Tyrel Ebele First time Home Buyer Duplex Dreams - Denver
23 January 2017 | 5 replies
And talk to a lender about CHFA or other questions, the information online is difficult to digest as a lay person.
Bram Klein Mobile HOme PArk - COMPLETE MAKEOVER
19 April 2019 | 8 replies
Some programs will allow you to finance and/or will reimburse you for site prep expenses, which is also nice.Before you pursue the infill/overhaul initiative and base it on new home sales, you should have reasonable assurance that your market can “digest” new homes.  
Derek Caffe Real Estate Agent Fee
20 October 2013 | 29 replies
There are some who say you trust them, but when you are dealing with your money, credit whatever don't just throw it all into someone else's hands.It may be a lot to digest Im not saying try to learn it all, because we are all still learning everyday.
Michael Plaks EXPLAINED: bookkeepers v CPAs - hire one of each or combo?
15 January 2024 | 9 replies
If your taxes are going to be prepared by a CPA, then you better make your bookkeeping digestible by that CPA.Conversely, if your taxes are prepared by you, then your bookkeeping should make sense to you, and to you only.
Donald Thomas Help... Newbie is drowning...
7 November 2019 | 42 replies
There is a lot of information to digest, but one thing I will point out -the BP way is only one of many many ways of using real estate to produce wealth. 
Walker Seid Phil Grove
5 July 2023 | 125 replies
On the other hand after digesting the whole experience it really did feel like the whole thing kind of funneled to signing up for the Big Dog program.