
25 November 2024 | 2 replies
It is November 25th and there is only about 35 days left in the year with a lot of professionals who take off the last week of the year.Given that information, you will likely need to buy a poperty with a quick close to achieve what you are looking to do.

25 November 2024 | 11 replies
Quote from @Susan McBride: What are you trying to achieve?

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.
25 November 2024 | 14 replies
Also, achieving the 2 percent rule in my local market is near impossible but could be achievable elsewhere.Thoughts?

25 November 2024 | 3 replies
Our goal is to start and grow our portfolio to achieve financial stability, more family time, the freedom to take vacations, and the ability to live life on our terms.

24 November 2024 | 3 replies
How quickly do you think you can achieve it?

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.

25 November 2024 | 0 replies
The goal is to achieve and maintain financial freedom.

29 November 2024 | 27 replies
@Tyler Bushey Care to elaborate on how you would achieve this with only one boiler?

25 November 2024 | 10 replies
We are also noticing that market rent can be achieved and some cases even higher than market rent.