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Results (2,296+)
Joshua Dorkin How to Calculate Fixed Costs on a Rehab, Flip, or Wholesale
31 March 2021 | 40 replies
For even more accuracy, we choose to only use comps that are 1/3 mile away or less, with sales dates within the last six months.Sometimes, even the street can make a difference in the value of a property.If the only comps you have are on very nice streets, but the house you’re considering is on a very “distressed” street, then you have to reduce the ARV.How much is an appropriate reduction is a judgment call on your part.You’ll want to base that call on how much of a discount will be necessary to entice the final owner/occupant to buy this property over one they can get on the “better” street.If the comparable sale that you are using is too different from the subject property, then it is of little value.If you use it in your sales marketing, you’ll lose credibility with your Investor Buyers.An example of a poor comparable is when your subject property is an old cottage fixer-upper, and you compare it to the sale of a brand new in-fill (an in-fill is a new house built on a vacant lot in an otherwise established neighborhood).Rehab dollars vary according to level and detail of the job – everyone has a different formula.As a wholesaler, we suggest a middle-of-the-road approach for estimating enough rehab dollars to get the subject property to look like the comps.You’ll need to spend more on rehab as the ARV increases.Logically,buyers like more ‘pretty-ness’, higher-end fixtures, cabinets, etc. when they’re paying $200,000 vs. when they’re only paying $100,000 for a house.Buy/Sell/Hold costs are all of the costs associated with:üThe purchase (loan origination fees, title insurance, attorney fees, survey, appraisals, etc);üThe sale (real estate agent commissions, marketing and advertising, closing costs paid by the Seller); and üHolding the property (mortgage interest, utilities, taxes, insurance, etc.).
Dr. Jordan E Smith How much monthly cash flow should you get on a rental property?
4 May 2018 | 100 replies
This improves your accuracy in calculating true cash flow. 
Nick B. Any experience with Networth Realty?
23 April 2019 | 33 replies
We strive for accuracy but we cannot guarantee it.
Kevin Mccarthy IRA Financial Trust Company - Reviews?
18 February 2022 | 11 replies
IRA Custodians that do not trade securities or lend funds are simply monitored by the IRS in that they have reporting requirements to the IRS and some fiduciary responsibility for the accuracy of their reports.
Sunny D. Accounting - rental property
19 August 2016 | 7 replies
A spreadsheet will never check the accuracy of what you do, you can put any number anywhere and it will not object.
Travis Elliott Looking for a specific loan calculator....
4 August 2012 | 6 replies
I didn't check it, but check your program to the TI BAII, it's accuracy is better than one tenth of one per cent in rounding over 360 months (which is a requirement for the APR disclosure).....I used a slide ruler as a rubber band gun, thought all those numbers were a gauge for shooting the ammo.
Stuart Goodrich Probate List vs Inheritance List
15 June 2013 | 27 replies
DISCLAIMER: I can NOT vouch to the accuracy of their lists.If you market to probates and inheritance lists, at some point down the road, you will be marketing the same property.Daniel
KHALAN WHEELER Where to begin with a rehab?
19 July 2016 | 5 replies
Do I hire just a building inspector, a contractor, a structural engineer, and who is going to be able to tell me what the problems are going to cost with the most accuracy?
Arcinio Arauz finding motivated sellers
10 June 2019 | 38 replies
Do you think they're concerned about ultimate accuracy if they know 90% of wholesalers are desperate for leads looking for something like this and will pay?
Wayne Brooks Are 30, 60, 90 day lates-Pre NOD's no longer available?
5 September 2013 | 1 reply
However that bureau has become extremely unreliable with their data accuracy.