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30 March 2016 | 12 replies
My philosophy behind this is: Find a duplex with a vacancy and try contacting the owner using this posts techniques https://www.biggerpockets.com/renewsblog/2013/05/0...But in that post he has the magic words everyone wants to hear = CA$HAnd well I can go FHA, FHA203K, and even conventional.
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30 March 2016 | 4 replies
As far as finding properties there is no magic pill.
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12 January 2016 | 9 replies
They key is to get the awesomeness agents think they are internally to match with the reality how people actually see you.When those 2 things match up is when the magic happens.
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24 May 2016 | 6 replies
SFR:Listing Price - $45,000Accepted Offer - $39,900Rent: $650-700 (Conservative estimate) ($800-850 aggressive)Running the numbers, I've assumed the conservative rent estimate of $650 for the area, 7.5% for vacancy, as well as a conservative estimate of 10% for maintenance as well as 10% for cap-ex, for a total of 20% put aside for upkeep (the place is approximately 80 years old so I know maintenance will be a real thing).The area is decent and low crime, although only being a couple miles away and "up the hill" from a D+/C- type neighborhood allowed me to get the place at a decent price.The numbers I've run has my monthly passive income in the range of $75-125, depending on a few factors I won't know for certain until I own the property.I know that's not the magic number of $200 monthly per side/SFR.
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28 August 2017 | 4 replies
Either their FICO score didn't magically go up 150 points, or they didn't use those years saving up a down payment ("something" always comes up), or they switched careers and have been 1099 for 3 months, or maybe even something else completely beyond their control.Most of the time, these folks would have been better off in a normal market-rate rental, rather than having paid a non-refundable option fee and/or above-market rents for 12-24 months and/or paying for all the maintenance during that time.Most of the time, rent to own is a killer deal and a slam dunk... for the landlord.
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20 August 2017 | 8 replies
There's not a magical date to hit them.
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7 July 2017 | 9 replies
It's typically not so easy that the first person you talk to, everything magically falls into place.
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27 June 2017 | 19 replies
After you pay $650 for an appraisal, $1,000 for property taxes, $1,000 for origination, $650 for title and so on it's very easy to get close or pass that magic number.
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8 June 2017 | 17 replies
There's no magic Fidelity-style app where you complete a survey, factor in your age, and a risk-adjusted portfolio (in our world, a property to buy) just pops out for your consideration.