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11 July 2022 | 8 replies
If you need X,Y and Z to become successful, it is completely irrelevant if you have A, B, C, D, and E... stop asking how to become successful with A, B, C, D, and E... and start figuring out how to get X, Y, and Z.So to answer your question, can you wholesale a listed property?
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15 July 2022 | 12 replies
Millennial Demand for Housing is Up, With Gen Z Right Behind2.
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18 July 2022 | 8 replies
It could be worth $Y down the road if you spend $Z to fix it up and raise the income.
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23 July 2022 | 4 replies
Typically when I write letters for these types of properties I usually include some wording like "based on the proposed DSCR of the subject property @ ______" and "this approval is contingent upon a review of x, y, and z on the subject property".
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18 September 2020 | 0 replies
All,We have just secured an offer for a property in lansingburgh area and its a full A-Z renovation.
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18 September 2020 | 3 replies
Purchase/Rehab & Cost of HMLA = Asking Price + Cost of RehabB = % of AP/Rehab HMLC = HMLD = Cash neededE = Point %F = Points $G = Interest Rate %H = Interest/MonthI - # Months for RehabJ = Total Interest CostK - Total Cost HMLL = TOTAL COST Purchase & REHABFORMULAS: A * B = C; A - C = D; C * E = F; C * G = H; I * H = J; C + F + J = K; K + D = LREFINANCE COSTM = After Repair Value (ARV)N = % ARV Maximum Refi LoanO = Max Loan $$P = Int % on LoanQ = Term (Years)R = Monthly Pmt (use any free online amortization calculator for this number)S = 6 months of pmts for HMLT = TOTAL COST RefinanceFORMULAS: M * N = O; 6 * H = S; S + REFI Closing Costs = T Analysis of CostU = Additional Cash NeededV = Cost of Refi Closing %W = Cost of Refi Closing $$X = Total Cost to Buy/Rehab/FinanceY = Net Cost to LoanZ = Positive deal or Negative dealFORMULAS: U + K + W + T = XO - X = YIf "X" > 0, Z = Positive Deal; if "X" < 0, Z = Negative DealThen analyze the cash flow separately This is why I stress the two most important books every REI should go back and read, and be highly proficient in, is Geometry and Algebra.
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21 September 2020 | 3 replies
I've heard others say they wish they would have done X, Y, or Z knowing what they know now.
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7 April 2023 | 5 replies
I'd start by connecting with local real estate agents like @Eudith Vacio, @Edgar Barbosa or @Henry Lazerow.As far as next steps, I always like to use the ABZ formula -> A = where you are now, B = Most important next step, and Z = final destination
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10 March 2023 | 2 replies
We love to build our own new constructions because once we put together a new construction team that can take a project from A to Z, the project costs less than a resale, and you get brand new properties with a very small maintenance cost and insurance premium.
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7 January 2020 | 32 replies
Sounds like you’re not in a real bad relationship with this guy yet, so maybe try to have him fix stuff and have an attititude that you’ll pay him if he fixes xy and z.