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9 June 2020 | 2 replies
Not necessarily wholesaling per se, not making lowball offers and selling it to an investor, but rather handing over good deals in good faith to build a relationship with investors.
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29 August 2015 | 7 replies
If you're a Grant Cardone fan he detailed a bit in his show about purchasing a total of 2 or 3 apt complexes in SE US that totaled over $100m for the total purchase price in one transaction.
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10 July 2014 | 5 replies
Hi @Roy SchauerWe have not discussed rent credit per se (I'd not even thought about it).That is probably the right word for what I was thinking - taking over his mortgage at its current balance (or a new mortgage for the same amount).Yes, the owner is pretty ready to get out from under it, especially after we moved back in and I blew up his phone the first week with gripes about plumbing leaks, but he is not what I would call a "hugely motivated seller" and has very poor financial skills, and so is pretty attached to his price.
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4 October 2017 | 5 replies
Hello all, I just passed the RE salesperson exam in Michigan and now I am looking for a Brokerage to hang my licence. Does anyone have any recommendations? What should i look for as a newbie. Do some companies offer p...
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15 April 2022 | 28 replies
I'm currently originating a loan for a S/E individual who's using bank statements to qualify.
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17 February 2023 | 4 replies
Yes, STR in SE Idaho have been doing very well.
27 December 2017 | 3 replies
We owe $250k on it, and it's recently appraised at $500k with the new ADU and the increase in value over the last two years (its inner SE, if you're familiar with Portland).
4 June 2017 | 3 replies
ARV $200,000 70% LTV $140,000 Purchase Price $ 85,000 Rehab Cost $ 70,000 Purchase+Rehab $155,000 Down Payment $ 15,000 Monthly Pymt @ 12% $ 1,550 Total Finance Charges 6 months $ 9,300 Loan Points @ 3% $ 4,200 Realtor Selling fees 5% $ 10,000 Misc carry, selling, closing cost $ 6,000 Sales Price $200,000 Total Cost $184,500 Pre Tax Profit $ 15,500 Cap gain + SE Tax 30% $ 4,650 Net $ 10,850 Net / Total Cost 5.88%
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20 January 2022 | 4 replies
IF you don't provide substantial service, you would still fill out Sch E and not pay SE taxes.
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11 September 2021 | 66 replies
Couple additional thoughts on why I like it and will continue to invest in it.https://www.biggerpockets.com/blogs/9145/70861-top...https://www.biggerpockets.com/blogs/9145/54155-sel...I'm playing it a couple ways through single asset plays in markets I really like (i.e Atlanta / SE) and in investment pools that own several across the country in high growth markets for more instant diversification.