Chris Martin
Brokerage "owner" vs. "owner/operator" for a new business model
11 February 2014 | 7 replies
If you try simply applying a model and excusing yourself from the leadership component that is required to manage a bunch of lazy, insane salespeople it won't work.
Chris Landrum
Overbuilding for a rental?
5 January 2016 | 8 replies
if you replace with steps know that section will require railings depending on how many steps it is.Once you know all your key components are good like AC, foundation, plumbing etc and you still have money, I'd do tile assuming you know you have a stable foundation.
Jeremy Clark
New Member from Paintsville Kentucky
10 November 2016 | 12 replies
One of the key components is making sure that the home you buy is 6 bed and 6 BATH.
Jack B.
A reminder why buying for appreciation alone is dangerous
16 May 2016 | 13 replies
Appreciation alone is just one component when evaluating a property to purchase.During the housing bubble, "appreciation" was thrown at anyone that had a heart beat and acted like they were experts in the housing market.
Sean M.
Dealing with Underwater Notes
27 August 2014 | 13 replies
When it’s the opposite situation, the process may be delayed.I’m glad Bill touched on Emotional Equity, because this is a key component.
Ibn Abney
How to Value Properties which need a MAJOR Rehab?
31 March 2017 | 7 replies
Can you break down this component of the equation?
Jesse Nelson
Earnest Deposit/ Contract
19 May 2017 | 4 replies
In Wisconsin there are several components needed to create a valid contract, all must be met to be enforceable.
Debra R.
Do they know something I don't?
15 May 2015 | 11 replies
We are in midst of as much of an amateur as at any time in history - everyone is in RE...And finally, there may indeed be some value ad component to this which you've missed...
Steven J.
Wholesaling notes
29 September 2013 | 16 replies
I don't think it will compare well to wholesaling houses.One of the main necessary components for wholesaling properties is acquiring the property significantly below market value.
Craig S.
Factoring in downpayment on 50% Rule, first deal!
9 February 2020 | 20 replies
Also a big component for me is that my PMI insurance will be around $150 per month due to only the 3.5% down/equity (with FHA, PMI insurance is required for 60 months unless I refinance).Here are my current (rough) numbers:(Please check and make sure costs look accurate)Sale price = $110,000Est. rehab costs (added into mortgage) = $6,000Total property cost = $116,000Closing costs added to mortgage (est. 5%) = $5,800Total Cost = $121,800Downpayment of 3.5% = $4,263Mortgage on $117,537Estimated PMI insurance = $150 /monthEstimated PITI (excluding PMI) @ 4.75% interest = $740 /monthTotal monthly payment = $890 ($740 PITI + $150 PMI)Currently rents for $600 per side.In this case, I will only have roughly $600 per month of NOI (using 50% rule).