
22 March 2024 | 22 replies
.- Marketing for Gurus as mentioned in the other post, many gurus use this as an opportunity to try to sell expensive courses.

22 March 2024 | 21 replies
Just fired an investor wanting to self maintenance a rough property as our bids are “too expensive”.

20 March 2024 | 18 replies
I think the rent would make a good dent in your mortgage payment but you would still be paying some money out of pocket after all expenses.

21 March 2024 | 7 replies
I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.

21 March 2024 | 8 replies
Evaluate operating expenses, including property taxes, insurance, utilities, maintenance, property management fees, vacancies, and capital expenditures (CapEx), to ensure accurate estimates.

20 March 2024 | 193 replies
I hate that I feel overwhelmed and almost like they are taking me for everything.

19 March 2024 | 1 reply
We had heart-to-heart chats, I listened to their grievances, and boy, did I learn a lot.But let me tell you, it was overwhelming.

20 March 2024 | 6 replies
I calculated the numbers assuming 1, 2, 3 and 4% annual rent increase.At 1% increase in rent, it takes me ~15 years to be cashflow positive annuallyAt 2%, it takes ~8 yearsAt 3% 5-6 yearsThis assumes 0% vacancy.If I look at cumulative cash flow i.e. net gains (loss) from (income - expenses) projected over all years of ownership, those numbers are worse.

20 March 2024 | 4 replies
You will have those expenses sooner or later.

19 March 2024 | 9 replies
If you already have a group of investors you work with, understanding their capital reserves, risk tolerance, timelines on return, and various other factors to help you understand what properties will be good deals for them and should help you narrow down your scope.When thinking about what tools to use, think about what you need to get done.As a wholesaler you will need to find leads on potential investments, run numbers on investments, put together investment packages for your investors, etc.Lead Generation:- Can be done on MLS, Auction sites, etc but remember competition will be high here- Pre foreclosure lists- Drive for Dollars- Social Media Campaigns - Billboards & signsProperty / Market Due Diligence:- Bigger Pockets Tools- Air DNA- Reventure App If you would like to connect and discuss in detail I would be happy to brainstorm.Good luckEach market is unique, but the goal when starting out is to minimize expenses while maximizing learning opportunities!