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13 May 2024 | 7 replies
They help you find the property, evaluate how the profit will work, and help get funding.
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14 May 2024 | 1 reply
I've used home depot/lowes in the past but was looking at using a supplier like Prosource to get my materials.
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14 May 2024 | 2 replies
The purchase price isn't low enough for it to be a good flip, and it won't cash flow even if rents can be raised that dramatically.have you purchased off market / from a wholesaler before?
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14 May 2024 | 2 replies
Paying 2.4% for total closing costs (which include title search, title insurance, all attorney doc prep and recording fees) seems very reasonable given the relatively low $ purchase price.
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15 May 2024 | 13 replies
If the house is really worth $415k, I would price it for a quick sale (maybe not as low $325k) and get a fresh slate.
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13 May 2024 | 13 replies
In addition, if they are real estate investors, they might not have the funds available for every good deal.
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14 May 2024 | 12 replies
They are much better for people like yourself, who prove that they can keep their expenses low, and accumulate cash.
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15 May 2024 | 11 replies
So the question becomes, because these are very low end estimations (I like to do worst case scenario numbers to ensure I don't over leverage) if the house would appraise for 230 and we could get 75% LTV would that make a big enough difference to make it work?
14 May 2024 | 2 replies
We are both in our early 20s and keep our expenses extremely low (less than $2k a month).
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14 May 2024 | 5 replies
We made the best guess with the data we had, reduced that a little, and ensured we beefed up our emergency fund in case we're wrong.