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13 June 2024 | 7 replies
There's a variety of ways to get a deal in front of you (I'm mostly a flipper), but basically if it looks promising, I run custom comps queries and check the current & past $/sf of renovated/distressed product in that city or zipcode.Here's a chart on 90066 I generated from my tool under Market Stats > Sales Data > Specific Zip Code:- My above chart (more available) shows the Avg Renovated $/sf (High) over time in this Zip Code, something completely different than charts/providers based on Averages/Medians only, like every other platform (RedFin Below, https://www.redfin.com/news/data-center/):- Can't select smaller locations such as City or Zipcode for their $/sf data, so it's useless helping me underwrite/verify a deal.- Can set Zip Code for Median Sale Price data, but again it's the median/avg so it's useless helping me underwrite/verify a deal.Then if that looks decent, I'll run Sales Comps, and get a quick summary of some key metrics based on those comps.
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14 June 2024 | 15 replies
If you're going to use it to generate leads for your "investing club" I'm going to put the dangers and risks close by so at least the small investor you're pursuing for these ventures knows there is more here than meets the eye.
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14 June 2024 | 13 replies
I know some exclusive listing multi-family properties generating cash flow at the moment.
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13 June 2024 | 5 replies
If you had a good deal your ads would generate some response.
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13 June 2024 | 17 replies
Report generation is detailed as well.
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16 June 2024 | 27 replies
BRRRHouse Flipping:Pros: Immediate cash flow, creative satisfaction from renovating properties, quick turnaround.Cons: High capital gains taxes, significant overhead and carrying costs, market volatility risks.BRRR (Buy, Rehab, Rent, Refinance, Repeat):Pros: Long-term wealth building, rental income, potential for property appreciation, tax benefits through depreciation.Cons: Requires more upfront capital, managing rentals can be demanding, longer time to see returns.DSCR Loan and Investment PropertiesA DSCR (Debt Service Coverage Ratio) loan is a great option for investment properties because it focuses on the income generated by the property rather than your personal income.
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13 June 2024 | 11 replies
Hi Corbin,The spreadsheet I have uploaded in the BP file place is our Lite Version which includes the Rehab Analyzer & Estimator tools for analyzing rehab deals & estimating rehab costs.The Basic Version you mentioned adds in Reporting so it basically takes the data you enter into both of those tools and generates a printer friendly Investment Report & Estimate Reports that you can print and give to your business partners or lender.As far as Project Management, there are plenty of general Construction Management software solutions available for managing new home builds, remodeling projects, etc, but often times those tools are specifically built for Contractors that are working with homeowners.
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15 June 2024 | 87 replies
I have no problem with the OP seeking to generate business; I would not have learned of his services otherwise.
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12 June 2024 | 0 replies
The power of compounding in real estate is real - yet most professionals don't understand how powerful it really can be even though they talk about generating wealth.The true power of a 1031 exchange is the ability for an investor to meet their investment objectives without losing equity to taxation.
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12 June 2024 | 1 reply
I am considering two options for purchasing a A+++ SFR cash, Option 1 to place in a self directed IRA and let the IRA own the property and Option 2 is to buy in cash upfront and pay the taxes owed.I am 62 years old and have another five to seven years prior to retirement and so I am trying to set up my portfolio for income generation by that time.