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12 February 2025 | 15 replies
Then it's them unable to sell in the money, and buy a new one cause rates locked up the previous buyers.The 1st point is the real state of unemployment.
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29 January 2025 | 3 replies
Going direct instead of having a GC do the work will save you money too since that GC will put a percentage on top of work.
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7 February 2025 | 1 reply
If so you should be able to cancel but if you are doing it out of the inspection period you are stuck and could run the risk of losing your earnest money if you put any down.
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5 February 2025 | 17 replies
Basically, the money used in this type of financing comes from "Wall Street".
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3 February 2025 | 3 replies
LLCs tend to be beneficial for financing options if using hard money as it can be required depending on the program.
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11 February 2025 | 8 replies
Put a little more money into that one and keep it for a while.
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4 February 2025 | 7 replies
The money spent doesn't make sense vs the increased rent.
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10 February 2025 | 6 replies
This will help you close deals faster.Focus on marketing and lead generation to find motivated sellers—direct mail, driving for dollars, and online marketing all work well here.Know your numbers—being able to accurately assess the value of properties and make solid offers is key.Network with other investors and professionals—attend local REI meetups, connect with title companies, and build relationships with hard money lenders.Feel free to reach out if you ever want to chat more or exchange ideas!
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12 February 2025 | 13 replies
Cash flow is defined as the money left over after paying for all expenses, including setting aside a certain amount to cover projected expenses like maintenance, vacancies, or capital expenditures.EXAMPLE:Property Price: $250,000Down Payment (25%): $62,500Loan Amount: $187,500Interest Rate: 6.5%Loan Term: 30 yearsMonthly Mortgage Payment: $1,185Monthly ExpensesMortgage Payment: $1,185Property Taxes: $250Insurance: $100Maintenance (10% of rent): $250Vacancy and CapEx (20% of rent): $500Rental IncomeMonthly Rent: $2,500Total Expenses: $2,285Cash FlowNet Cash Flow: $215 per month 💰However, there are many other factors to consider.
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3 February 2025 | 1 reply
I am just beginning my journey as a wholesaler with zero money and zero knowledge.