James McGovern
Are Flippers Still Willing to Pay Buyers Agents Directly?
24 October 2024 | 2 replies
The commission paid greatly outweighs having to go back on the market and potentially getting less than you listed it for the first time.Some individual markets are better for this than others, but if you have an agent with a great strategy on the list side (professional photos, staging advice, etc) and you pair that with listing the property at a low price; you increase your chances dramatically of getting a bidding war and not only offsetting the commission but potentially making more than originally planned.
Account Closed
What Is the 70% Rule in House Flipping?
21 October 2024 | 4 replies
If your purchase price (always the largest expense) plus the rehab estimate (the second largest) total no more than 70% of the ARV, the remaining 30% must cover your HML charges, agent commission, property and hazard insurance, property taxes, title insurance, escrow, staging, all else, and your profit.
Matthew Christofferson
New Member Intro. Where do I start?
25 October 2024 | 8 replies
Far too many get stuck in the "paralysis by analysis" stage, thinking they just don't know enough to get started.
Joseph Miguel
Oakland, CA - rent control - base year - fair return?!
25 October 2024 | 22 replies
By extension, other California tenants living in municipalities that have rent control laws are likely protected to the extent the landlord was relying on the same Costa-Hawkins exception as the landlord in Owens and operating under a similar leasing arrangement.
Michael Politi
UBIT Implications for Preferred Equity Investment
22 October 2024 | 9 replies
@Michael Politi Why is the GP bringing in preferred equity at this stage if the construction is nearly complete?
Brett Riemensnider
Starting the Renovation Process
22 October 2024 | 4 replies
I’m in the beginning stages of renovating a small unit in my 4plex.
Randy Tran
Seeking Guidance on My Real Estate Journey!!
22 October 2024 | 11 replies
Besides attending meetups, should I focus on reading specific real estate books or consider investing my resources at this stage?
Marc Kaplan
Tiny home community in lake county Illinois
20 October 2024 | 3 replies
Looking for someone with information about tiny home living and if it’s possible to create a “recreation vehicle” type of arrangement for tiny homes.
Zack Gill
Self storage development - kicked tires long enough - trying to jump in
23 October 2024 | 9 replies
I believe it to have been just a staging ground/yard for them and not drilled on.
Haley Elisabeth
Need Advice: Design Decisions for Our Columbia, TN Flip
22 October 2024 | 5 replies
I'm a fan of the more neutral color choices so that you can stage your home in such a way that there are more options and opportunity to create more pop for your photos.