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26 May 2022 | 3 replies
One of the things that I continue to struggle with is estimating rehab costs.I often hear Brandon say on his webinars and on his IG account, is that we need to get really good at analyzing properties.That it is important to analyze one deal every day so that we get good at running the numbers accurately...that way, when we do come across a good deal we will have the confidence to take action quickly and make an offer knowing that we have accurate numbers.My problem is that have not heard him or anyone else talk about how to do an accurate rehab estimate if we are not able to get inside the property.I live in Los Angeles and when I drive for dollars and I find distressed properties that are in need of TLC, I don't have a way to determine if I am dealing with a $100,000 rehab or a $150,000, $200,000 rehab, etc...I would greatly appreciate if someone could speak to this question because whenever I watch Brandon or another expect demonstrate how to use the BP calculator I never get a satisfactory answer about how they arrived at the rehab cost - they just seem to plug numbers.I constantly see video of real estate investors finding a property online and then running the numbers so that they can determine an offering price to the potential seller - But never is there a clear explanation about how they determined their rehab estimate.thanks for any help or insight you can offer.Andrew O.
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29 April 2020 | 19 replies
When the courts open back up you will have a documented story to tell the judge.And collecting rent does not demonstrate a "lack of compassion."
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22 April 2020 | 19 replies
If not, may find it hard to get a bank to finance you if you can't demonstrate a proficient history of like-kind construction.
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27 June 2022 | 19 replies
You have to demonstrate that you can find an actual deal.
10 July 2022 | 18 replies
Which cities are demonstrating the best economic and population growth?
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22 March 2018 | 40 replies
I only work with buyers who send financial statements so I can see capability.Buyers have to demonstrate they are paying all cash or they have funds say buying 3 million property and they have 750,000 down and get a regular loan for the rest.There is an incredible amount of wealth out there right now.
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7 April 2017 | 24 replies
If you are in a strong mkt, solid value add deal, and team has good demonstrable track record, with investor returns that are in this range of 10% CoC and 20% IRR and GP does all the work, fees are good to understand but less relevant than meeting or exceeding the investor return projections.
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30 April 2017 | 15 replies
Buy for cash the cheapest SFR houses you can that you, by working your butt off can make rentable for all in 15k each.3, Rent house out possibly even on section 8 4, Repeat 8 times5, Self manage to save money6, Live in the 8th home7, With no debt you should be able to net 428.00 after taxes giving you 3000.00 per monthIt's doable but remember YOU would have to be there to make the cap ex affordable and look after everything. plumbing, roofing, cleanouts, EVERYTHING.I posted this to demonstrate that its all in how the question is worded. can it be done?
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16 September 2017 | 37 replies
If you obtain documentation that appears to demonstrate the guy is trying to do a bait and switch on you, it will be more likely they'll finish the job at that price or not have as good of a case if/when you go to court.
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26 October 2013 | 5 replies
You really need to demonstrate you willingness to be fair and assist them to solve an existing problem or potential problems.