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14 November 2024 | 11 replies
Please do not act as an unlicensed manager, it will only result in issues for both you and your friend.
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14 November 2024 | 21 replies
I invest in Idaho and have had good luck there- probably the most landlord friendly state there is.
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19 November 2024 | 24 replies
If you are out-of-state, your contractor is not your eyes, you need a local unbiased friend.5.
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15 November 2024 | 1 reply
I'll be marketing for a RBR tenant soon, but haven't had any luck finding a RBR-friendly PM.
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17 November 2024 | 9 replies
Hi Friends, -Any recommendations for a reputable Cost Seg company servicing San Diego, CA?
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16 November 2024 | 3 replies
Do you have a finance person in your family/group of friends?
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19 November 2024 | 111 replies
We were walking on the beach Panama city in broad daylight with a group of 2 of my friends.
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16 November 2024 | 11 replies
Try a local Bank around the business, that really helped my friend who bought a business.
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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?
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15 November 2024 | 5 replies
@Tarcizio GoncalvesStessa is an excellent platform for tracking income and expenses for investors; it is user-friendly.