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19 February 2025 | 8 replies
In other words held for steady cash flow.My VARIABLE (note) PORTFOLIO consists of more active/speculative notes - non performing notes I purchased at discount to principal owed; notes I hope to “work” for enhanced ROI, real property I “purchased” with a leaseback option to repurchase, and defaulted notes I purchased planning on eventually taking ownership of the real estate, as well as notes I created that don’t have current payments but provide a guaranteed return plus an equity “kicker” when the property is sold.
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13 February 2025 | 3 replies
Everything is "attached" to a property.
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19 February 2025 | 2 replies
I am looking for a more efficient way to keep track of expenses, log receipts (including the actual graphic of the receipt) and seamlessly export expense info for tax time.
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16 February 2025 | 18 replies
Your statement, @Ivan Castanon, that “… foreclosure house sales are usually sold near ARV or maybe at a slight discount,” couldn’t be further from the truth.
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13 February 2025 | 6 replies
Use a written contract.
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11 February 2025 | 1 reply
Quote from @Bernice Dezelan: Hello, How do you comp a property that is 12,000 sq ft and mixed use 3 vacant store fronts and apartments above?
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13 February 2025 | 95 replies
I've observed that the discount here is usually small.
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15 February 2025 | 3 replies
Quote from @Tyler Reed: Hey Wendell, this is a great strategy!
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19 February 2025 | 8 replies
It’s harder to BRRRR in the Tulsa area now due interest rates, you definitely have to buy at a great discount in order to be all in low enough toget all of your money out and the rents have to be high enough to still cash flow after all expenses (PITI, Mgmt, Vac’s, Rep/Maint, CapEx, HOAs, Util).Based on being “all in” $120K in order to BRRRR and still cash flow at least $300 mo:$120K cash out amount - at 7%/30 yr ($150K+ ARV)PI = $800 mo + Taxes $150 + Ins $150 = $1100mo PITIRENT would have to be at least $2000 mo- $1100 PITI- $200 mgmt (even if self mng, it’s exp for time)- $200 vacancies- $200 Rep/Maint & CapEx= $300 mo cash flow.
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15 February 2025 | 11 replies
maybe they would do a subject to and have you take over their mortgage payments - do they have a good interest rate?