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4 September 2024 | 2 replies
A bit of a more advanced exit strategy, but one that can be extremely profitable when implemented correctly.We spent $18k to clean out the place and then we turned around and made $40k after cleaning costs, closing costs, and commissions.
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3 September 2024 | 0 replies
The property was sold on the same day for $28,000, showcasing our ability to execute quick, profitable transactions.
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5 September 2024 | 13 replies
@Beth Anderson always work backwards to determine a purchase price.ARV minus profit/equity minus Rehab+10-20% minus carrying costs = purchase offerThis is a simplified example, but demonstrates the concept.
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6 September 2024 | 28 replies
I'd also suggest doing furnished STR/MTR for the unit you guys take so you can maximize your profit.
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3 September 2024 | 4 replies
Have the opportunity to purchase 64 homes, all have renters, book of business is very profitable. 90% of the properties have new roofs.
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5 September 2024 | 8 replies
If your purchase amount plus the other amounts are still low enough that you can flip a profit or benefit from it as a rental, its a winner.
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6 September 2024 | 9 replies
I have an individual bank account for each of my properties and feel it makes it simpler to track profit and expenses by the property.
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4 September 2024 | 6 replies
If you wholesale your own deal you can make 100% of the profits and take advantage of 3% commission.
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4 September 2024 | 13 replies
This could help them remain profitable while scaling.
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4 September 2024 | 5 replies
A single family with permits for 7-8 students may be more profitable than a 3 units with two beds in each unit.