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23 September 2018 | 3 replies
. - I decided I didn't want to mess with it because Im starting another project with higher potential return.Now, as an example, I look at this one:https://www.zillow.com/homes/63-GRANVUE-DRIVE-BELL...Its on the Auction block, if I picked it up for 2 or 3k, and sold it for 10k to someone else who wants to work with it, essentially a wholesale deal, and didn't spend any money fixing it up, and agreed to max 1k realtor fees if any, I might make some money on it.If you go to our county tax assessor site, and search '63 Granvue', youll see that 1) the total taxes for 2018 are $2981.38, and 2) they are paid by the bank already for 2018 http://www.co.st-clair.il.us/Pages/parcel.aspxWhat I am asking is - if I bought this at auction, and sold it within a couple of months as a property someone else can rehab, how would the property taxes work / what would I end up paying?
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25 September 2018 | 2 replies
Drive the neighborhoods in your market where flips are happening.
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28 October 2018 | 12 replies
As Wayne points out, there are two factors to consider, that often times are mingled together.
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26 September 2018 | 7 replies
Driving into this website, I saw, what I thought, was an abandoned 8 unit apartment complex close to my area; (close to Birmingham, Alabama; specifically Jasper, Alabama)I drove to the site and discovered that every unit was occupied.
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9 October 2018 | 23 replies
In my market (Columbus, OH) a SF next door to a duplex unit isn't going to rent for dramatically more in most areas, assuming similar factors of condition, sq ft, etc..
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26 September 2018 | 14 replies
We live in a society that you can earn money anyway you can think (driving a car, delivering food, charging a scooter overnight).
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24 July 2018 | 8 replies
Now they all have cars but the problem is many do not drive 😀.
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6 September 2018 | 2 replies
And even further, the minimum cash down is about 25% although I'm looking to put down more to drive up the monthly cash flow.On your other calculations, the current management company I use to manage my portfolio takes 10% of the monthly gross cash flow (and they are really good at what they do so I'm I love the no headaches).
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26 November 2018 | 13 replies
Too many fish in the pond driving the prices up with people willing to buy places at a 4 or 5 cap.
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24 July 2018 | 5 replies
This investment didn’t meet all the criteria as a flip as appreciation was a huge factor.