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22 November 2024 | 1 reply
I am casually looking in 2 markets away from San Diego but I am not expecting to achieve the return that I have historically achieved in my local RE investments.
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23 November 2024 | 2 replies
While I’m just starting out in real estate, I’m determined to build equity and achieve financial freedom through thoughtful investments.Here’s a little about me:I’ve been exploring wholesaling and land investing as potential entry points but haven’t made my first deal yet.
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22 November 2024 | 15 replies
. - potential equity in primary residence Asks/Needs to achieve goals. - In need of assistance formulating a concrete plan to achieve goals.- Assistance putting the knowledge and resources together to close next deal. - Looking to attend real estate meetups and expand network. - Locating and putting together the right team that’s needed.- Joining communities and connecting with others on a similar path.
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22 November 2024 | 92 replies
Is anyone out there still able to achieve the 1% rule and in which markets?
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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.
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5 December 2024 | 34 replies
Our electricity bill went from $4100 / year to $833/year (with added 2 EVs)With that being said, to answer the question of ROI, it is SO dependent on your usage and local pricing scheme, and you really have to do your own homework to dial in the right system set up to achieve the optimal results.
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22 November 2024 | 10 replies
So the amount of the refund will be equal to probably three or four years' worth of "savings" that might have been achieved with an owner-controlled thermostat.
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21 November 2024 | 0 replies
With these updates and professional staging, the home was transformed into a must-see listing, drawing significant interest and achieving a high resale value.
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5 December 2024 | 554 replies
It is the first crypto-currency to market and has name recognition but also has some downsides that may lead to its demise.
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22 November 2024 | 5 replies
You can be yourself, truly add value to the seller, streamline the transaction process, and often achieve greater profits.