Brent Murphy
Newbie from Saint Louis, Missouri
20 July 2018 | 9 replies
Plus...escape velocity...Episode 113 – Jay Papasan - Very practical slow and steady adviceEpisode 221 - Tim Shiner - his concept of equity build up and "shearing the sheep" shows some of the flexibility of real estate vs a 401k Last but not least, I also recommend all the tax advice given by my fellow CPAs on the BP Podcast.
Tim Phun
Interest Rates
21 December 2012 | 20 replies
We're simply not getting the money velocity that uncle Ben wants.
Ryan Nguyen
Real Estate is dead?
10 February 2013 | 17 replies
Velocity is essential to their business model.
Mana Silva
Why doesnt more people do new builds than just flipping?
9 January 2017 | 48 replies
Flip to make a high velocity on money.
Rhett Roden
Did anyone here make 100k on their first flip?
13 August 2018 | 38 replies
But I paid cash for the lot so 160k lot purchase 160k net profit less than a year.. so if you can get velocity and you have the crews to do velocity ( which can be tough) your 30k on 100k I would take every day of the week plus your escape plan is solid you can always rent that stuff and cash flow if needed..
Lesley Resnick
Is Great the enemy of Good?
23 January 2022 | 1 reply
I have been the agent on a number of deals that owners have been instant on the last dollar and ended up holding the property for another 3 months to clear a few dollars more or end up in the same place.My business model is simple: Velocity.
Marchelle Albritton
Best advice to a new developer
6 January 2019 | 5 replies
Get the right first jobAs a developer in training, you want a first job that exposes you to the maximum amount of the development cycle with the maximum possible learning velocity (time and speed).
Keith Shadle
Private Money to Refi an all cash property?
18 September 2020 | 7 replies
Want to use the velocity of money and keep going!
Andrew Wiggins
Government Owned Tax Liens
11 May 2019 | 2 replies
If at any point the property owner pays off the overdue property taxes before the lien expires (period may vary by state), the county is the party that earns the interest.Properties that are owner-occupied (as indicated by a homestead exemption showing up on the annual tax bills) or have a mortgage are most likely to be bid on because they have a higher likelihood of being paid off either by the homeowner or the mortgagee (the lender); the homeowner probably doesn't want to lose his/her place of residence and the lender probably doesn't want to lose its investment.If no one has bid on a lien, there are likely issue(s) with the property that, in the eyes of bidders with investor mindsets, render the property valueless, for example:the property has no direct access (landlocked or waterlocked),the property is too small to be built on as-of-right per the municipality's zoning codes,the property is contaminated (a Phase I environmental report would scour records on the property to see if contamination is likely, and if so, a Phase II environmental report would be done and soil, etc. samples would be taken to confirm the contamination),the market fundamentals indicate little probability for profit given the level of risk, such as high vacancy rates, low rents, or slow sale/rental velocity,the property is in a "poor" location due to many of the types of things that turn off people looking for a home in which to live, such as high crime; poor or nonexistent infrastructure, such a streets, water & sewer, etc.; too rural/too urban; neighboring uses detrimental to the property's value, e.g. railroad, warehousing/industrial district, jail/prison, cemetery, etc.I hope that helps!
Matthew Runfola
Is a Real Estate crash imminent?
3 June 2018 | 76 replies
These markets have risen rapidly and will fall with the same velocity.