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Results (7,410+)
Ray Southern Seller lacks a P and L statement
27 August 2020 | 3 replies
If all else fails you pretty much have to go find the pieces of the puzzle yourself: track down utility consumption figures from each provider, confirm property tax amounts with the municipality, and try and estimate what you expect you'll need for R&M and CapEx - this can be tough if you don't have a lot of experience but it's still a necessary exercise even if the seller does have solid financials to share.
Gary Alford How do you pay yourself?
25 November 2014 | 40 replies
If you want to build a business get some capital and have a reserve like 6 months personal and 6 months business.For chunk cash, I would do lease option assignments, bank 50% of the money,  and pay down bad debt (student loans and credit cards) for the other 50%.Buy and hold investments when you are broke is hard, you need reserves.Remember to take 40% for Mr IRS.And @Bill G will say it is not your option money (that is assigned) until the deal is finished (option exercised or nullified).But I disagree.
Michael Thomas New Real Estate Investor
2 December 2016 | 3 replies
I am now ready to put it in practical exercise but will also need a team and a knowledgeable Investor friendly real estate agent in the area.
John Zent [Philadelphia] Sell or Continue Renting Rental Property?
21 February 2019 | 5 replies
I fear you haven't gone through the exercise (or haven't led on that you have) and not doing so puts you in the dark.The 1% rule is a bunch of nonsense at this stage, and no one cares if you're hitting it or not.
Latosha Walker Investing in Multi-family properties
9 March 2022 | 3 replies
I'll be exercising patience and hoping for miracles in the meantime.
Saim Chaudhry Lease option assignments
28 May 2020 | 11 replies
All the hour, 2 hour long youtube videos are informative, but still don't give out 100% of the information as they are just one long teaser for some guru promotion.Also, would it be profitable and wise to incorporate yourself a profit in the backend of the L/O as well, as is done in a sandwich lease option, where you get paid when the option to buy is exercised at the end of the lease, or is it much wiser, less liability, and outweighs the risks to just collect your option assignment fee in the beginning and move on.Thanks
Brian Rivera Newbie trying to start
30 April 2020 | 4 replies
Listen to every Bigger Pockets podcast on your way to work and home and every time you are walking or exercising.
Chuck Masters Orlando / Disney Vacation Rental management rates
20 May 2016 | 6 replies
Same exercise but bigger dollars.
Todd Keith 80 Unit Apartment Purchase & Seller's 1031 Options
16 February 2018 | 3 replies
But maybe structure it so that some or all of the rent and option fee are credited to purchase if exercised
Leonard Fuaau Working with contractors
25 May 2015 | 14 replies
I want to help you have information to make your decision, but really don't want to spend 10 hours working on a detailed estimate only to have you exercise your termination option.