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5 July 2024 | 0 replies
None were accepted yet, so learned a ton and happy to walk away from a few deals that weren't going to give me the return I wanted, or had big issues (e.g. septic - I decided to stay away from septic if at all possible)*Taking the time to encourage a friend who knows nothing at all about REI to take his first steps.
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5 July 2024 | 10 replies
If you walk streets and drive 8 hours a day to net average of 1 deal per quarter @$10K assignment fee, then you are essentially working for free or for very very low compensation.
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6 July 2024 | 22 replies
You want to make sure you know what you are walking into.
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5 July 2024 | 5 replies
Make sure the down payment is high enough to make sure the buyer/operator think's twice maybe 3 times about walking away.
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4 July 2024 | 8 replies
I guess it always seems like they don't want to make low offers on my behalf or after you walk a few homes that don't work out they check out. 🤷
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4 July 2024 | 1 reply
Kindof making me think I should walk, buyprice too high.This is my first time buying a portfolio, I have not been able to view the active units as thoroughly as I have vetted all my other deals.
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5 July 2024 | 5 replies
Most places I'm aware of don't allow you to have the only access to one bedroom be from walking through another bedroom, so will you need to add a hallway to provide access around an existing bedroom?
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9 July 2024 | 28 replies
Also, can you walk me thru the emd I place & exactly when with the motivated seller if the cash buyer has a different title company for my EMD in mind?
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10 July 2024 | 112 replies
Besides the obvious that it is a path for some people to escape out of the lower than average socio-economic situation, the training, team building, and exposure to people from many walks of life is probably the greatest benefit that is hard to find elsewhere.
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3 July 2024 | 2 replies
There are three main requirements for REPS: 1) 750 hour rule 2) Greater than half of professional time rule3) Material participationHere’s a great article that walks through the necessities for your spouse to obtain REPS status.Do you have questions on the ways to benefit from a cost segregation study without personally obtaining REPS status?