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17 November 2024 | 10 replies
Sounds like a good plan with BRRRR in Columbus, Brad!
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15 November 2024 | 1 reply
Sounds like a game-changer, or does it?
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15 November 2024 | 3 replies
It sounds like you're off to a great start!
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15 November 2024 | 12 replies
But you sound stressed (you should be) and without a way out.
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16 November 2024 | 7 replies
It sounds like a big win.
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15 November 2024 | 2 replies
Sounds great Ill look locally first thanks Ryan
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18 November 2024 | 5 replies
I think my partner and I may be exploring a complicated solution - glad to hear that it sounds like one exists!
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19 November 2024 | 23 replies
Quote from @Arvand Sabetian: I think most others have already provided sound advice.I wanted to emphasis having a conversation with your tenants about the septic tank, not just a clause in the lease that you assume they'll read and understand.Many people are unaware of what they can be doing that causes issues to septic tanks (e.g., flushing the wrong items).Also, make sure you do a walkthrough yourself prior to filling the unit.
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26 November 2024 | 86 replies
They "started their own company" trying to raise money and on the website they had quotes from some people who worked at large companies making it sound like testimonial to this person.
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15 November 2024 | 15 replies
Quote from @Luis Maza: Hi all, returning to the game this year and would like to pick your brain a bit, we started working with a wholesaler that will send us properties here and there with the "wholesale" price, but every time we check the properties and add the numbers, the margins are, well, I am not sure, too low perhaps, maybe we are getting to picky, but this is my dilemma for example...Today we got a property, wholesale price 300K, rehab about 50-60K, ARV is about 440k, but with the cost of hard money, we have about 100k cash, hard money interest at 11%, keeping the property for 90 days while we finish the rehab, closing costs, commissions, we ended with 30k profit before taxes, while it sounds appealing, adding up all expenses and cost we ended up expending 50K on rehab(labor/materials) and about 50-60K with cost of the loan, interest, commissions, etc, everyone makes money, happy with that, but it seems that we are working to produce a 100k for everyone else, while we make 20-30k if everything goes well...In my opinion, we are not really getting "wholesale" price, it seems that we either buying to expensive, rehabs are much more than we would like to spend and the cost of borrowing that money is too high...We came up with thoughts as: lets fund it ourselves with money from a close friend/partner that we will bring in, and that would save us 10-15k here and there, but still, is that the norm now?