Fakaradin Floyd
Advice on my STR pitch and overall Rental Arbitrage advice (Alexandria VA)
30 December 2024 | 89 replies
Quote from @Fakaradin Floyd: Hey everyone, I'm a 24 year old Software engineer that's always wanted to get into real estate, I graduated college about a year and a half ago and wanted to hit the ground running when graduated.
Xavien Rafael
Why Structuring Your Bank Accounts Is Key to Real Estate Success
13 December 2024 | 5 replies
It has been a gamechanger in my business.For my flipping business, I prefer to use fewer software programs to streamline things.
Joe Au
Use HELOC to paydown mortgage fast
11 January 2025 | 420 replies
Only the data differs.Here's the summary...Here's the example, without Loan Acceleration: Loan Amount $ 200,000.00 Total of Payments $ 386,511.57 Interest Rate / yr 5.00% Total Interest Paid $ 186,511.57 Term (Years) 30 Payoff (years) 30.00 Monthly P&I $ 1,073.64 Number of Payments 360 (Sorry - copy-and-paste from Excel doesn't work quite like it should in the forum software.)Now, here it is WITH loan acceleration: an additional $15,000 once a year: Loan Amount $ 200,000.00 Total of Payments $ 252,073.75 Interest Rate / yr 5.00% Total Interest Paid $ 52,073.75 Term (Years) 30 Payoff (years) 9.17 Monthly P&I $ 1,073.64 Number of Payments 110 .So, there's the savings in interest (numbers rounded):Without debt acceleration, $186,512 over the life of the loan.With debt acceleration, $52,074.Total interest savings: $134,438."... b-b-but David, what about the interest on the HELOC?"
Tom Sproul
Post-Mint App Personal Finance Software Hunt
3 December 2024 | 3 replies
I began a quest for personal finance / accounting software that will help me keep tabs on my cash flow / net worth.
Dylan Harris
Best Skip Tracing Options?
10 December 2024 | 5 replies
However, I am running into a consistent issue - currently I am using REIPro's built-in skip tracing software, but it seems a decent amount of the numbers this program pulls are disconnected or are not the right person (I.E.
Phil Johnson
Taking the next step
19 December 2024 | 5 replies
If you haven’t already, consider learning underwriting software or creating a detailed spreadsheet model to speed up your analysis and make apples-to-apples comparisons across deals.Third, as you’re building your team, focus on finding partners who align with your goals and strengths.
Albert Hepp
Are you seeing Flat Fee Buyer Agents in your market?
3 January 2025 | 26 replies
So most agents are only putting about half of that $12k in their pocket, and out of that $6k they have to cover all of their operating expenses: licensing fees, MLS/ Realtor Association fees, continuing education classes to stay compliant with licensing requirements, monthly "desk" fees/ technology fees to their brokerage, health insurance for themselves and their family, errors and omissions insurance (required), marketing, car, car insurance, gas, clothes, computer/ software, cell phone, closing gifts, signs, photography, staging if they offer that, etc.
Blake Grzybowski
Can't find Pre-Foreclosure Properties
15 December 2024 | 8 replies
Quote from @Blake Grzybowski: I am a wholesaler in Michigan and would like to start reaching out to potential sellers who are Maybe foreclosuresdaily.com, maybe see if any of your title company partners has access to titlepro software for leads.
Alex Longinidis
Buying First House Hack
17 December 2024 | 17 replies
Build a team with local contractors and use property management software.
Phillip Austin
Should I Offer Rent By Room Property Management?
15 December 2024 | 7 replies
I've had some blue collar ones all the way up to software engineers and everything in between.