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Results (10,000+)
L Craig Flipping to Fractionals at the beach?
11 October 2024 | 15 replies
For example, if I purchased a house for $800,000, then remarketed it as 4 (four) fractional ownership interests at $250,000.
Steve Dora 1st Purchase utilizing HELOC...what are my options?
10 October 2024 | 11 replies
This creates two loan payments ($100,000 of equity and $300,000 on the new mortgage).Key NumbersHome Equity Loan Interest Rate: 6%Mortgage Interest Rate: 7%Rental Income: $3,000 per monthExpenses (management, taxes, insurance, maintenance): $800 per monthIncome and ExpensesMonthly Rental Income: $3,000Monthly Expenses: $800Monthly Mortgage Payment: $2,000ExplanationThe investor earns $3,000 in rent each month.They pay $2,000 on the investment property mortgage and $800 on other expenses.This leaves $200 profit each month or $2,400 per year.However, you have to pay $6,000 interest on the equity borrowed.This leaves you with an annual loss of $3,600.This example shows that while the rental property generates positive monthly income, the interest cost of borrowing the initial $100,000 results in an overall annual loss.
Nico Terruso Whats currently working when it comes to acquiring new deals?
10 October 2024 | 6 replies
Hi Nico,Thank you for your post, You mentioned that hiring a few virtual assistants (VAs) to cold call has been effective, and that text messaging is also performing decently,I specialize in identifying and revitalizing unique properties—those that are not typical, for example, I recently spotted a triangle-shaped property that has the potential to be transformed into something beautiful and valuable, either for living or resale, Could you please share your approach and any guidance you might have on the process of using virtual assistants (VAs) to cold call and the text messaging strategies that have been effective for you?
Maria Diaz contractor best practices
11 October 2024 | 17 replies
For example if it is a 60k job and it takes 6 weeks we will usually be able to send 3 invoices for 20k each in phases upon scopes completed.
Ben Stanley How to utilize $9k in a 401k
10 October 2024 | 9 replies
Example: I have a client who only had about $13,000 in his Roth IRA, found a fix-and-flip opportunity, and needed $105,000 all in, for purchase and rehab.
Eric DeNardo Advice on Using Other People's Money (OPM)
10 October 2024 | 3 replies
For example would you fly on a plane with a first time pilot for $100 flight or with someone who has been doing it for 30 years for $300....
Hunter Purnell How to find the rental rate based on a NNN cap rate in EXCEL?
10 October 2024 | 3 replies
For example 9% = (x - op. exp.) / PP x = rental rate. 
Account Closed 11 Ways to Find Off-Market Properties For Sale
10 October 2024 | 0 replies
For example, the National Association of Realtors (NAR) reports that around 10% of home sales occur without being listed on the MLS.
Chida Truong Pace Morby Mentorship
14 October 2024 | 420 replies
People will post looking to add an underwriter to their team or a closer for example.
Austin B. Thoughts About New Western?
11 October 2024 | 18 replies
In Florida, for example, they buy a majority from the MLS, which makes no sense at all for an investor.