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Results (10,000+)
Samson Kay Comping out Recent Sales to calculate ARV
19 November 2013 | 5 replies
You should always use the same beds/baths for comps and try to stay within 200sf. of the square footage of your subject property.
Aaron Mazzrillo Note Terms & Clauses
5 December 2015 | 16 replies
I won't put myself at risk and I won't put my other 'lenders' at risk because one greedy person wants to flog me to death beating every last penny out of me.
Bryan H. Was your LLC put to the test?
16 December 2013 | 34 replies
It use to be a million covered most death claims, John or your agent may have better insight to that today.
Trevor Lohman Is Southern California really that bad?
5 December 2013 | 80 replies
deals 7 and 8 had a partner - he found the home, I fixed it up, managed the rehab, he sold it, we split the net profit...these were ok deals we split $20,000 on each deal but they took 5 months and 9 months respectively due to issues with contractors doing shoddy work....so if you figure our profit at an hourly rate these were not barn burners...but hey it's $20,000 I didn't have before, so I am fine with that#8 paid $265K used hard money, spent ZERO on rehab, wholesaled it in 12 days for $360,000, that was a nice one (sad back story on this one, owner of the property was busted for selling drugs and arrested, then deported to Mexico, so wife took over the drug selling biz...then she got popped, in order for me to be able to close on the home, Escrow had to go to the jail to have the wife sign, then hire a mobile notary to drive down to the SD/Mexico border to have the husband sign) death, divorce, drugs, disease....the 4 D's that create real estate opportunities, sad but true#9 paid $205K used hard money, spent $25K on rehab, sold for $300,000#10 paid $90K for 3/2 SFR, used hard money, spent $3500 on rehab, rented out for $850/month, slight negative cashflow currently (-$150/month), market value is $130K now, plan on refinancing into better loan in 3 months#11 paid $108K for 3/1 SFR used hard money, spent $3000 on rehab, rented out for $850/month, slight negative cashflow currently (-$190/month, market value is $140,000 now, plan on refi into better loan in 3 months#12 paid $125,000 for 4/2 SFR used hard money, spent $0 on rehab, house already had a tenant in it paying $900/month, will be raising rent to $1100/month, market value is $160,000, plan on refi into better loan in 3 months#13 invested $50,000 with my parents to buy a triplex, for $530,000, property cashflows $1000/month from day one, and value has increased to $700,000--------------------------------in current pipeline/in escrow - thru these deals I've made good friends and I've made my hard money lender some good money, hard money lender let me know he has $5,000,000 +/- sitting in the bank looking for houses to invest in, and he's given me the green light.
Account Closed Marc Mousseau
19 March 2015 | 18 replies
Cash on cash return (annual income / money down) should be 35% or more and cost per unit (for 1-2 bed units) should be $50,000 or lower.He doesn't recommend using the 1% rule because you'll need a higher down payment to make it cash flow.Hope that helps.
Account Closed Looking for big deductions to close out 2013
1 April 2014 | 22 replies
To give an example, many pickups with full-sized cargo beds will qualify (although some "extended cab" pickups may have beds that are too small to qualify).Vehicles that can seat nine-plus passengers behind the driver's seat (i.e.: Hotel / Airport shuttle vans, etc.).Vehicles with: (1) a fully-enclosed driver's compartment / cargo area, (2) no seating at all behind the driver's seat, and (3) no body section protruding more than 30 inches ahead of the leading edge of the windshield.
Tom V. Need some help here with tenants. Serious problem. Please!
19 May 2015 | 67 replies
As you kneel by your bed in prayer tonight, send her love.
Account Closed Property locked in for too high of an amount
15 December 2013 | 6 replies
2 bed 2 bath condo in NC.
Bryan L. Pit Bulls, Horses, and Poor People
3 January 2014 | 64 replies
Meaning every dog on every THIS DOG KILLS list would be a completely docile, sweet, affectionate dog if properly raised and trained.Second off: it's a fairly useless statistic to say pit bulls cause more deaths than any other type of dog, or more attacks.
Justin Turner Deal or no deal?
22 December 2013 | 9 replies
Whats the beds, baths, and SF of both properties.