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13 December 2024 | 5 replies
A tax account ensures nothing is accidentally spent elsewhere, and a marketing account makes sure lead generation is always prioritized.From a credit perspective, connecting credit cards to these accounts on autopay helps you manage spending responsibly while playing the credit game.
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9 December 2024 | 9 replies
Quote from @Devin James: Quote from @Justin Stamper: land entitlement is a great move in florida. just gotta have deep pockets to play!
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13 December 2024 | 7 replies
Think of it this way, for example...If your rent is $2000 but it is vacant for 2 months that means your effective growth income (EGI) for a year lease = $20,0000But if you lower it to $1900 & it sits vacant for only 1 month your EGI for a year lease = $20,900You can play with the rent numbers & how long you think it could remain vacant, but at the end of the day the most expensive route is vacancy.
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16 December 2024 | 21 replies
If not, it's your word against his.Let's play this out.
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4 December 2024 | 2 replies
A neighbor has brought to my attention that a dead tree on my new property is at risk of falling onto their shed and home and that I would be responsible.
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12 December 2024 | 6 replies
Market conditions also play a role, including the availability of contractors, appraisers, and lenders.
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17 December 2024 | 86 replies
I’ve been in a similar situation, and I think the idea of buying in lower-cost areas to renovate and rent out is a great play.
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5 December 2024 | 7 replies
It's been 2 or 3 hours I've been calling this list and it's riddled with dead numbers, or more likely calls someone who is not even the owner of the property in question!
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22 December 2024 | 24 replies
He can't be more lenient on cutting rates like the last three meetings, and now has to actually play defense by hanging tight or actually increasing.
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15 December 2024 | 7 replies
In either case, the wholesaler usually doesn't need to provide their own funds to complete the deal unless they are doing a double closing and need private financing for that purpose.The title company plays a key role in ensuring that the funds are processed correctly and that the transaction is legally and financially finalized, including disbursing funds to the seller and paying any fees owed to the wholesaler, private lender, or other parties involved.Contract with Seller: The wholesaler secures a property under contract, usually with a small earnest money deposit.Find Buyer: The wholesaler finds a buyer (investor) and assigns the contract, earning an assignment fee (difference in price).Closing: The buyer wires funds, the wholesaler receives the assignment fee, and the title company handles the transaction.Costs:Earnest Money: Small deposit.Marketing: Costs to find deals.Funding (if needed): For double closings.Profit: The wholesaler earns the assignment fee.prioritize transparency and value.