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Results (10,000+)
Chris Magistrado Are these numbers in The House Flipping Framework book correct?
12 February 2025 | 3 replies
Here is the statement expanded to include formulas for doing one flip per year, two flips per year, five flips per year, and ten flips per year: One flip per year: If you start with $50,000 and do one flip per year, aiming for a 35 percent return, your progress would be: Year 1: $50,000 + (35% × $50,000) = $67,500 Year 2: $67,500 + (35% × $67,500) = $91,125 Year 3: $91,125 + (35% × $91,125) = $123,019Two flips per year: If you start with $50,000 and do two flips per year, aiming for a 35% return on each, your progress would be: Year 1: $50,000 + (0.7 × $50,000) = $85,000 Year 2: $85,000 + (0.7 × $85,000) = $144,500 Year 3: $144,500 + (0.7 × $144,500) = $245,650Five flips per year: If you start with $50,000 and do five flips per year, aiming for a 35% return on each, your progress would be: Year 1: $50,000 + (1.75 × $50,000) = $137,500 Year 2: $137,500 + (1.75 × $137,500) = $378,125 Year 3: $378,125 + (1.75 × $378,125) = $1,039,844Ten flips per year: If you start with $50,000 and do ten flips per year, aiming for a 35% return on each, your progress would be: Year 1: $50,000 + (3.5 × $50,000) = $225,000 Year 2: $225,000 + (3.5 × $225,000) = $787,500 Year 3: $787,500 + (3.5 × $787,500) = $2,756,250The key points remain the same, which is to aim for a high return through flipping, reinvest the profits to compound the gains, and be disciplined in order to build significant wealth over just a few years of this real estate investing strategy.
Donyea Jenkins Employee tax question
18 February 2025 | 11 replies
If I am understanding you correctly, the employee can only really "donate" 60% of their AGI and would be taxed on the remaining 40%?
Jonathan Weinberger I bought 1.5M worth of property in Detroit... Here are the numbers.
3 February 2025 | 56 replies
In 2024 I can't do roofs anymore for 8k, so adjusting for inflation the 60k is probably going to be more like 80k.So how do you make this work long term?
Joshua Tucker Tax breaks on tribal land
27 January 2025 | 4 replies
Property Tax Savings: Tribal land held in trust is generally exempt from state property taxes, especially if the land remains tribally owned or leased under long-term agreements.2.
John Keane Where to find gap funds?
22 January 2025 | 14 replies
When it comes to experience I have facilitated my fair share of successful projects, however the point still remains that I did not complete those deals completely independently.
Dayana García Where to invest using BRRRR Strategy
10 February 2025 | 20 replies
The rent-to-price ratios are strong, property values remain relatively affordable compared to many other cities, and the city has been seeing real economic and population growth.I invest in Detroit myself and have built a portfolio of 12 doors there.
Tenzapa Wakombe "It is easy to doubt everything when you know nothing" Intro Post
24 January 2025 | 12 replies
If the investor would like to receive cash flow, I will pay them the $2,507.83 up until the remainer of the 5 years.The remaining profit earned with the $41,315 would be $191,784.80 total if you get paid for the duration of 20 years!
Tove Fox Nevada, Ohio, Michigan, Pennsylvania Out of State Investing
20 January 2025 | 22 replies
I recommend selecting an investment city based on the following criteria.Key Criteria for Choosing an Investment CityRents Must Outpace InflationFinancial freedom depends on rental income growing faster than inflation.
Brendan M Hornung Sub-To Tax Advice Needed
4 February 2025 | 9 replies
Since the original loan remains in the seller’s name, you may need a nominee interest allocation to deduct mortgage interest, as the Form 1098 will likely be issued to the seller.
Curtis Cutler cashing in 401k? rethinking retirement.
5 February 2025 | 10 replies
And a great hedge against inflation.