Marc Shin
Suggestions on paint colors
8 November 2024 | 6 replies
Also Pure White can tend to look “dirty” in rooms with less natural light.
Harsha G.
Private Lending - Passive Losses on Schedule E
20 November 2024 | 6 replies
And some of them are structured in ways where they produce passive income.
Luis Maza
Real wholesalers - or hype pricing - my numbers are not adding up - dilemma
15 November 2024 | 15 replies
Quote from @Luis Maza: Hi all, returning to the game this year and would like to pick your brain a bit, we started working with a wholesaler that will send us properties here and there with the "wholesale" price, but every time we check the properties and add the numbers, the margins are, well, I am not sure, too low perhaps, maybe we are getting to picky, but this is my dilemma for example...Today we got a property, wholesale price 300K, rehab about 50-60K, ARV is about 440k, but with the cost of hard money, we have about 100k cash, hard money interest at 11%, keeping the property for 90 days while we finish the rehab, closing costs, commissions, we ended with 30k profit before taxes, while it sounds appealing, adding up all expenses and cost we ended up expending 50K on rehab(labor/materials) and about 50-60K with cost of the loan, interest, commissions, etc, everyone makes money, happy with that, but it seems that we are working to produce a 100k for everyone else, while we make 20-30k if everything goes well...In my opinion, we are not really getting "wholesale" price, it seems that we either buying to expensive, rehabs are much more than we would like to spend and the cost of borrowing that money is too high...We came up with thoughts as: lets fund it ourselves with money from a close friend/partner that we will bring in, and that would save us 10-15k here and there, but still, is that the norm now?
Laurence R. Smith
Banks vs. Private Money Lending: What's the Difference?
25 November 2024 | 4 replies
Plus, the relationship-based nature of private lending can lead to more long-term, win-win partnerships.Banks definitely have their place for more traditional loans, but for many investors, the convenience of private lending outweighs the higher rates—especially when time is money!
Nevin Wilkie
What vinyl Flooring does everybody use?
13 November 2024 | 5 replies
I like smartcore from Lowe's, natural wood look with texture.
Jean Brune
First PadSplit Investment Property
13 November 2024 | 0 replies
It was fully renovated when I bought it.I added value by adding income-producing rooms.What was the outcome?
Alec Raven
Property Management Education/Certificates/Books Recommendations:
14 November 2024 | 4 replies
There are some really great podcasts that talk about different things, and there are actually quite a few vendors that produce content (podcasts, blogs, webinars, etc) that can educate you a ton.
Austin Ehret
New Investor in Mid Coast Maine
20 November 2024 | 3 replies
It's all come together pretty quickly in the last year and a half so I'm still coming to terms with it myself.The house hack is a four bedroom 2 bath house that my wife and I purchased as our first home with the intention of having it produce at least some income.
Dan Attivissimo
Aspiring new investor
12 November 2024 | 10 replies
I am an aspiring new real estate investor based in CT looking to use the power of real estate as a wealth building tool and income producing asset class.
Mike Tikh
How to choose a location from the US?
26 November 2024 | 31 replies
However, I have no idea how to choose from the remaining cities, it seems there are a lot of potential options:- Midwest - Michigan (ie: Grand Rapids) seems to have options, also seeing Columbus Ohio and Indianapolis coming up- Reno - I've seen mentioned several times on here- Pittsburgh / Philadelphia / Twin Cities - All mentioned as lower cost to get started, and seem to be experiencing growthI'd ideally like to find a place that has strong potential for future growth, a diversified economy, and I don't mind living in (being close to nature would be a plus).