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24 July 2018 | 12 replies
Just make sure you buy extra and store it because manufacturers discontinue colors and patters frequently to force people to replace the whole floor.
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24 July 2018 | 4 replies
This creates buffer zones because people don't want to live next to a manufacturing plant.
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26 July 2018 | 19 replies
Otherwise it hurts my reputation to throw junk people his way.
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26 July 2018 | 18 replies
The risk in wholesaling is loss of earnest money, spending on marketing that leads to no deals, getting a bad reputation if you put bad deals under contract and have to weasel out of them with unethical escape clauses etc....
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28 July 2018 | 8 replies
Ive been working with few projects around container homes, mainly on the container supplies side since i could get great deal and have good relationship with container manufacturing company in Vietnam.
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27 July 2018 | 22 replies
Not sure if I will do that or not yet, I will get quotes some reputable painters I know and assess it.The house is owner occupied which is a plus.
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17 August 2018 | 30 replies
We can ask for it from the seller, but end up with a reputation for retrading.
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28 July 2018 | 2 replies
It doesn't sound like you have a reputable insurance company.
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8 August 2018 | 63 replies
If anyone knows where I can get $200+/month per door with a reputable turnkey company, I’d love to hear from you.
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25 April 2019 | 1 reply
His niche is very different from what I am familiar with, so I'm having some trouble running the numbers and I thought I'd turn to you guys.So he(my relative) has been doing this exact strategy for a few years and has done a good number of deals(~40) so I'm confident he knows what he's doing, but his strategy is as follows:Buys a distressed trailer(mobile/manufactured home) repairs it, and then sells it to a tenant that either can't qualify for a normal loan, or doesn't have the money to purchase a normal home.So for this particular deal, the numbers are as follows.Purchase price of $5750.Rehab of $8000.Rehab should take roughly 3-5 days.Selling we are assuming a month, but he says typically less.Taxes are around 600/yr(which the new owner will pay) but accounting for the month we have it, $50.The lot rent for the trailer is $350.Closing costs would be maybe ~$100.We'd sell it for ~22k, with a down payment of 2k at 14% interest for 75 months.So our purchase and rehab would be ~$13850, plus a month of holding for $14250.We'd get 2k back bringing our investment back down to $12250.We'd bring in 400/mo from the mortgage payment.As far as I can tell, this would be about 35-40% cash on cash return.Please go over these numbers and tell me if I'm missing anything.