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29 September 2016 | 47 replies
September 10th rolls around and its time to get PAID!!!
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24 October 2016 | 10 replies
Lets do it together real quick:80K ARV20K Rehab50K PurchaseMoney borrowed=70K Time borrowed= 6 moHard money Costs=7K (10% of 70K: 2points on front 2 points on back, and 1% a month)Real Estate Commissions=8K (10% of 80K: 3% to listing agent, 3% to buyers agent, and 4% to title work, doc stamps etc)...so the flipper would take 6 months to lose 5K and you still havent gotten paid either...But wait, there's more: Upon further inspection the wholesaler's numbers were wrong anyway, the flip is going to take 32K and the ARV is really only 64K and I can only buy it for 12K (lets say 9K to the seller and 3K to you)12K + 32K = 44K Hard money costs 4.4K and closing costs 2.5K, RE commission is 4KTotal costs = $54,900Sale Price = $64,000Total Net to flipper= $9,100 Joseph, I am not necessarily a mentor, yet. haha but I would be willing to answer any of your questions.
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28 September 2016 | 14 replies
So also is the paid help from a qualified and knowledgeable appraiser like Bruce Nell, and the help of an experienced acquisition's attorney.
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27 September 2016 | 6 replies
If your tenant has paid late you should be giving them notice that the next time will result in a termination/eviction.
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30 September 2016 | 2 replies
However, i don't want to pay for a new contract with slightly different information for every buyer/seller.I'm looking for an alternative.Would it be illegal if i went ahead and bought a contract with all my preferences, and used a program to clear all the pre-filled information (information like the home address and buyers name which changes from contract to contract), and then use that newly created template instead?
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30 September 2016 | 9 replies
But the other investor also loans the corporation the financing at a specified interest rate and is paid back his loan and interest due, before the profits are split 50/50...ultimately this ends up with the investor getting a greater than 50% share of the profit...but is a bit nicer when segregating out the risk on his capital, vs. the upside potential in the flip.
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1 October 2016 | 8 replies
You need to find an agent and get them to pull properties that have sold within the last 6 months for example paid with cash.
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25 September 2016 | 6 replies
Paid 25K.
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26 September 2016 | 15 replies
They come pre-charged for up to a 25 foot line set so all you have to do is install it and release the charge.
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20 February 2020 | 14 replies
That doesn't count (and I had to sign something that I would never reveal how much money I walked away with).2) I use to be the king of the short sales in 2009 until they passed some laws that basically made going after pre-foreclosures very risky.