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Results (10,000+)
Ryan Smith Advice on Effectively Scaling and Attracting Investors
25 November 2024 | 5 replies
The next piece is marketing which is also challenging, and its best to make sure you have someone who can market and sell.
Brandon Brock Eddie Speed Note School
7 December 2024 | 150 replies
Pick up the pieces and find out what you lack and get back to it....!
Elliot B. Submetering Heat with BTU/Flow/Energy Meters
29 November 2024 | 27 replies
A chance to manage the situation, even if a hassle.This does also get you in position for monitoring serious pieces of your building's infrastructure.
Steven Olivas $100k Cash what to do?
26 November 2024 | 15 replies
I still haven't had the best of luck finding the right piece to the puzzle I'm building, so I thought if I let real estate agents, investors etc, that I do actually have we cash, and a normal job to fund these real estate investment's.
Colt Price Land and how to make it pay for itself
25 November 2024 | 4 replies
It's been cut up, sold off and dispersed through the generations but our little piece is still where I like to call home.
Orane Jacobs Midterm Rental arbitrage
27 November 2024 | 16 replies
Quote from @Miguel Del Mazo: Thank you for the discussion @Corby Goade .I feel like we are biting off big pieces of a complex topic, and I think it would be helpful to focus on either the interests of the property owner or the MTR operator to simplify things,I think your greater objection to MTR arbitrage lies with why a property owner would want to willlingly enter into the agreement, so I will focus my reply on that. 
Mitch Holmes Bag of cash but no W2
27 November 2024 | 10 replies
The one piece of advise I would give to you from going through the the hype of 2020, 2021, and 2022 till rates went up....
James Kerson Tell Me Why My Discount Brokerage Idea Is Bad: Calling All Agents
10 December 2024 | 100 replies
If your market has a significant number of FHA or VA loans with zero to low down payments where a buyer can't afford to pay their agent out of pocket, your sellers may end up cutting off a significant portion of the home buying market, or once they do come around to considering negotiating on BAC, they may feel deceived, and now you may lose the potential for the recurring client that will ultimately otherwise drive your seller lead acquisition cost down.For planning: In a great business, a good rule of thumb is to estimate:100% Gross Income35% Cost of Sale30% Expenses35% Profit <-- very few businesses achieve this, but we're looking at an ideal solutionAssuming a national price average of $300k and 0.6% GCI, you'd be looking at:$1,800 Gross Income$630 Cost of Sale <-- agents/ transaction coordinators$540 Expenses <-- photos/ signs/ lockboxes/ Errors & Omissions insurance/ MLS fees/ liability insurance/ tech fees/ VA admin support/ marketing to get clients for the business (this piece should be roughly 10% of revenue, which would be $54 in this case)$630k ProfitIf your business sold 1,000 of these homes a year, you would have:$1,800,000 Gross Income$630k Cost of Sale <-- agents/ transaction coordinators (you could have 5 agents handling 200 sales each at $100k incomes and TC support at scale)$540k Expenses <-- photos/ signs/ lockboxes/ Errors & Omissions insurance/ MLS fees/ liability insurance/ tech fees/ VA admin support/ marketing to get clients for the business (you're going to est $125k in runner fees alone for signs; $25k+ in signs, $54k in ads to attract clients, $200k in photos, $10-20k minimum in E&O, $2k in liability, and what tech/ VA support)$630k Profit Scale costs will include hiring a managing broker for compliance to help oversee all of these transactions and implement legal changes and training.
Kevin S. Buy Real Estate with Pre-tax (401K/SIDRA), Roth IRA or after tax dollars?
21 November 2024 | 4 replies
I realize there is probably no simple answers but I am all ears from all sources. 
Garrett Kula New Real Estate Investor in Chicagoland Ready to Learn
25 November 2024 | 6 replies
My biggest piece of advice is to connect with local chicago real estate investors in person...highly suggest checking out the christmas party on 12/12:  https://www.biggerpockets.com/forums/521/topics/1218823-chic...