
17 November 2024 | 13 replies
But one thing you can do so they dont high jack your EM remember both buyer and seller have to sign to release it if does not close.Is see if you can put up NO EM but put 50k as downpaymnet for the property show it as part of the purchase price then you can demand it back on just your sig

15 November 2024 | 15 replies
Quote from @Luis Maza: Hi all, returning to the game this year and would like to pick your brain a bit, we started working with a wholesaler that will send us properties here and there with the "wholesale" price, but every time we check the properties and add the numbers, the margins are, well, I am not sure, too low perhaps, maybe we are getting to picky, but this is my dilemma for example...Today we got a property, wholesale price 300K, rehab about 50-60K, ARV is about 440k, but with the cost of hard money, we have about 100k cash, hard money interest at 11%, keeping the property for 90 days while we finish the rehab, closing costs, commissions, we ended with 30k profit before taxes, while it sounds appealing, adding up all expenses and cost we ended up expending 50K on rehab(labor/materials) and about 50-60K with cost of the loan, interest, commissions, etc, everyone makes money, happy with that, but it seems that we are working to produce a 100k for everyone else, while we make 20-30k if everything goes well...In my opinion, we are not really getting "wholesale" price, it seems that we either buying to expensive, rehabs are much more than we would like to spend and the cost of borrowing that money is too high...We came up with thoughts as: lets fund it ourselves with money from a close friend/partner that we will bring in, and that would save us 10-15k here and there, but still, is that the norm now?

6 November 2024 | 5 replies
Each city’s approach can play a unique role, but zoning for higher density developments stands out as a powerful strategy, albeit a tough one to get passed.

15 November 2024 | 1 reply
Tenants have recently installed some cameras but nothing high tech.

15 November 2024 | 17 replies
However, the mortgage and taxes are too high in this home to go that route.

15 November 2024 | 3 replies
Quote from @Adam Rivera:I would really use realtors that do high volume of deals in this area you are looking and also property managers.

7 November 2024 | 0 replies
Purchased with minor updates to modernize the space, it now serves as a high-performing long-term rental property.

7 November 2024 | 0 replies
Purchased with minor updates to modernize the space, it now serves as a high-performing long-term rental property.
15 November 2024 | 14 replies
Hello everyone,I’m a 18 year old electrical apprentice and I’m looking to do a full dive into real estate investing.I am in the union and earning base wage, parking, vacation pay, pension and full benefits are covered.I am saving about 400/w in a high interest savings account right now which is 60% of my pay, I am going to get guaranteed $5/h raises every year for the next 5 years.

7 November 2024 | 0 replies
After minor renovations to enhance its appeal, it has consistently performed well on the short-term rental market, particularly on Airbnb, where it maintains a high 90% occupancy rate.