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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.
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19 December 2024 | 22 replies
This is something I would have to dig into your background on to properly advise on which asset class might be better for you and also how much management intensity you desire and/or can handle.3.)
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18 December 2024 | 5 replies
Despite the high prices, politics, and taxes, people still desire to live there.
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29 December 2024 | 253 replies
With 28 properties, am sure the decision to focus on this full time will yield desired dividends.Congrats again
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14 December 2024 | 36 replies
The only ones who are benefitting are the associations in taking your hard earned money.
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17 December 2024 | 4 replies
A desire and ability to share their knowledge4.
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20 December 2024 | 27 replies
Sb13 did not desire to provide LLs an out from addressing health and safety issues.
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13 December 2024 | 2 replies
I'm considering converting the shed into a DADU to maximize the use of the space and earn some extra income.
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16 December 2024 | 2 replies
A 1031 Exchange is also known as the Tax- Deferred Exchange, which allows the different shareholders as well as different depositors to reinvest the profits that these people had acquired as well as earned, most particularly when it comes from the different financial transactions of the property that the investor had advanced without acquiring different taxes from the government.
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12 December 2024 | 7 replies
Just go through them, select the renovated/closely matching ones, and enter them into a model.Here's my fix & flip model, you can see the comps entered and some quick stats below them: Then I use that comp data to adjust the Sale Price in the model to what I estimate it will be (double check the resale $/sf is in-line with the comps), then adjust the purchase price until I hit my desired return level.