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16 October 2024 | 22 replies
Keep it simple starting out.
21 October 2024 | 4 replies
The math looks like this:$150,000 (ARV) x .70 (ARV percentage) = $105,000$105,000 – $20,000 (ERC) = $85,000 (buying price)This formula is commonly used by house-flipping investors to decide how much to pay on a fix and flip.70% Rule: Formula and ExampleThe formula itself is rather simple: Once the ARV and ERC are calculated, you then plug in the numbers.Take a house that has an ARV of $100,000 and needs $20,000 in rehab.
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19 October 2024 | 3 replies
Thanks for the suggestion!
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21 October 2024 | 176 replies
It's simple math of what compounding returns of such will be.
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18 October 2024 | 7 replies
Turbo-tax is a software that has different versions(the more advanced versions allow for more capabilities and forms to be completed).The software, like any other, is only good as the input.Garbage in, garbage out.If your tax return is simple, someone with only W-2's and a few interest /dividend accounts, I think a software like turbo-tax is great.If your return is more complicated, I would consider working with an accountant.
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21 October 2024 | 10 replies
I suggest taking the time to clearly define your goals.
21 October 2024 | 1 reply
Leveraging requires finding the best mortgage deals and searching for the right property with positive cash flow and appreciation potential.A simple example of leveraging is to use as little money as possible on a down payment.
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19 October 2024 | 10 replies
Aj, as a PM business owner, do you have any suggestions on how to partner with a Sponsor?
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16 October 2024 | 15 replies
Batchleads' response was to suggest lying about the industry to get the campaign accepted, which we obviously did not do and strongly advise against if you wish to avoid getting sued.My current marketing channels are outsourced cold calling and PPC.
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21 October 2024 | 13 replies
If you wanted a project to be close to, I would suggest doing a BRRRR on a small two-bedroom single-family house.