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16 May 2019 | 18 replies
Problem is it seems difficult to launch a biz in Ohio as an out of state lender.
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19 July 2017 | 6 replies
DOM = Days on Market (listing date to close date) Avg $/SF = Average Dollars per Square Foot of living areaCondition: G= Good F= Fair P=Poor, R=Newly renovated, NU = Not updated, U = UpdatedGarage: A = Attached, D = Detached, U = UnderStyle: CP (Cape), CL (Colonial), ML (Multi Level), RN (Ranch), FM (Farmhouse), SP (Split), RR (Raised Ranch), CO (Cottage), VI (Victorian), CT (Contemporary), GM (Gambrel)GR (Garrison), SB (Saltbox), MF3 (Multi Family 3-plex), TH (Townhouse) OT (Other)I hope that helps!
22 July 2017 | 199 replies
Release that and home prices will launch into inter-stellar space.
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9 August 2017 | 14 replies
This broker was not too happy about his new agent managing rentals - the broker allowed this guy to continue self-managing the existing rental units but prohibited the guy from managing any newly acquired rental units.
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11 August 2017 | 2 replies
I am newly licensed in MA and still trying to decide what brokerage to join.
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7 August 2017 | 2 replies
While interviewing a new agent (6 months in) she stated that when she completed her NC state exam that she had no clue how to buy or sell a home and that she was grateful for her BIC's training program. While I under...
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7 August 2017 | 9 replies
My name is James Lusk and I recently launched a wholesaling business with my wife.
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28 June 2018 | 32 replies
Hey just wanted to update this post with some new insights in regards to leads and way more expansion in my experience and newly gained knowledge.I still hold probate leads at the highest pedestal in terms of quality of leads, and if you are marketing and you aren't marketing to these leads, you are wasting marketing.
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7 August 2017 | 3 replies
With the newly made private funding we have a duplex, triplex, and home UC and we already have 80/20 loans with other private investors in our network all 3 new buildings again have 18% cap rates and my friends are going to be getting 12% on their money, again, while we have plenty coming in to cover the debt service and then some.To use one example: the duplex is in a great C+ neighborhood with long term tenants each unit is receiving 600/mo (1200 gross) and our purchase price is $36k (value is approx 60k) our private lender is doing a deed of trust for 30k and we are covering the 6k plus closing costs.Approx Expense for this building:10% property management $120/mo7% property taxes $84/mo6% insurance $72/mo And then we budget (set aside):27% for cap ex, maintenance, and turnovers $324$300/mo goes to the 12% interest only loan to my friends and we pocket/cash flow $300/moIt's a total win-win-winI run a local (Denver) Real Estate Club so I'm lucky enough to be well connected in an area where even the BEST cap-rates to be found are still well below 10%.
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16 August 2017 | 3 replies
I'm guessing it would be between the C corp and a newly incorporated LLC that would be working with a bank on getting a commercial loan to finance the remainder.Has anybody on BP ever done something like this?