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2 December 2024 | 33 replies
Here’s what I recommend:Cash Investments:No Debt, No Stress: With cash, you avoid third-party control and loan vetting, giving you full control of returns.Equity Builders: Partnering with builders often reduces your property entry cost by up to 20% below market value.Consistent 10% Returns: With an all-cash approach, achieving 10% ROI is realistic and efficient.Financing Strategy:If cash isn’t feasible, consider a balanced financing model:40-50% Down Payment: Keep leverage manageable while maximizing returns.Lower Debt Exposure: A conservative loan-to-value ratio (LTV) reduces risks and keeps returns stable.Work with a Builder: Collaboration with builders can lower acquisition costs and increase your ROI.Key Takeaways:If possible, prioritize cash for simplicity, control, and consistent returns.Financing can work well with a disciplined approach to debt and a strong underwriting process.Partnering with builders offers opportunities to reduce costs and enhance your portfolio’s profitability.
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26 November 2024 | 44 replies
It's hard to say if a 60k house is worth 40k or 80k, that's within the margin of error based on how much do you consider condition in your valuation.The % based agent commission model does not make any sense below 100k.
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1 December 2024 | 134 replies
Lol.....Maybe I should develop a business model that installs them...for a slight additional fee.
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21 November 2024 | 9 replies
For that reason I built a full-functioning cash flow model taking into account hard money, the mortgage refinance and all relevant operating expenses to assess monthly cash flow.
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20 November 2024 | 4 replies
Quote from @Faysal Alam: What banks or credit union can I use to refinance a car under my LLC name , my car is a 2023 Tesla model y performance , I owe $42,500 on the car , I’m looking to refinance the car under my business , my business was established 03/2023 .
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24 November 2024 | 10 replies
Just because you are tracking ahead of that estimate does not mean your deal is bad.Do you believe your capex is structurally higher than you modeled?
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20 November 2024 | 11 replies
It's a thought of mine as well, basically following my mentors model.
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20 November 2024 | 3 replies
I know a lot of builders up there, but not very experienced with the flipping model.
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18 November 2024 | 1 reply
I am working to build out some models for each but I don't have a clear idea of the route forward for construction or long term financing.