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27 December 2024 | 8 replies
We should also never have a revenue stream and make money off a tenant's security deposit.
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9 January 2025 | 28 replies
I had no money to put down on any properties, so I learned (a lot) and put in a lot of hard work and effort to get some properties under contract.Initially, I had no clue what I was doing, but I had the help of some people (and I appreciated that)I made mistakes that cost me around $30k (lost a deal due to my ignorance regarding title and escrow)The good news with wholesaling is that it doesn't take a lot of capital upfront, and you can start talking to sellers and learn about the industry in general.The other good news is that you can without a doubt generate revenue quickly if you do things correctly (having a good TC / title / escrow connection that keeps deals moving on the backend)That said, there are a few points that I've come to live by:1.
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9 January 2025 | 116 replies
Greenock Financials 2018 2021 Revenue $60,030 $64,640 Gross Potential Rent $62,400 $67,200 Avg.
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26 December 2024 | 18 replies
Make sure you have a lot of ducks and all fo them in a row. 5 year estimates on revenue and expenses, full business plan, licenses etc etc all in place before you go in.
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29 December 2024 | 24 replies
Or a property where you could leave for a month in the summer, for example, and make 10-15k in STR revenue?
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12 January 2025 | 185 replies
Couldn't banks call loans with low rates due and lend the money to new buyers at higher rates, all while collecting new origination fees, boosting revenues which are declining, and making more money?
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23 December 2024 | 9 replies
I find the revenue to be more than enough so long as I maintain a certain portfolio size.I appreciate you sharing your though!
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4 January 2025 | 14 replies
To scale successfully you have to get past the point where your newly increased expenditures exceed your increased revenue; past the point where your ROI allows you to “break even” on your investment, and past the point where the ROI is worth the increased risk, the increased aggravation, time, and “lifestyle” change, and past the point where you can step back from “operations” and concentrate on management.
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23 February 2025 | 246 replies
Contained within is a video of you interviewing someone on how to 4X revenues through ad spend.
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25 December 2024 | 11 replies
Combining these two minimizes the impact of financing on your Net revenue.