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Results (10,000+)
Kris Lou Tired of my money not working for me in Toronto, Canada - looking to diversify in USA
5 December 2024 | 7 replies
This won’t be our sole income but a supplementary one to help support us overseas. 
Vivian Huang Investing in Tulum, Mexico
12 December 2024 | 49 replies
As you know, I'm probably the main proponent of the great investment opportunities Mexico offers on this site and I will help and support anyone who wants to take advantage of these great opportunities.
Christopher Allen Main New Person Intro
3 December 2024 | 7 replies
A link to FilePlace is at the bottom of every page, making it easy to find.If you have technical issues, email support@biggerpockets.com, and someone will help you.
Freddy Alban How I Closed a $0 Out-of-Pocket Deal with Big Returns
3 December 2024 | 1 reply
And the comps in the area supported a strong ARV, so it just made sense to jump on it!
Shane Cordrey New investor interested in multifamily properties
2 December 2024 | 19 replies
Dayton, OH is a solid rental market supported by the Wright-Patterson base
Molly Hane Looking for your advice on this deal (my first property)
3 December 2024 | 8 replies
Though i would not mind a local house hack, my partner would not be supportive. 3.
James Kerson Tell Me Why My Discount Brokerage Idea Is Bad: Calling All Agents
10 December 2024 | 100 replies
If your market has a significant number of FHA or VA loans with zero to low down payments where a buyer can't afford to pay their agent out of pocket, your sellers may end up cutting off a significant portion of the home buying market, or once they do come around to considering negotiating on BAC, they may feel deceived, and now you may lose the potential for the recurring client that will ultimately otherwise drive your seller lead acquisition cost down.For planning: In a great business, a good rule of thumb is to estimate:100% Gross Income35% Cost of Sale30% Expenses35% Profit <-- very few businesses achieve this, but we're looking at an ideal solutionAssuming a national price average of $300k and 0.6% GCI, you'd be looking at:$1,800 Gross Income$630 Cost of Sale <-- agents/ transaction coordinators$540 Expenses <-- photos/ signs/ lockboxes/ Errors & Omissions insurance/ MLS fees/ liability insurance/ tech fees/ VA admin support/ marketing to get clients for the business (this piece should be roughly 10% of revenue, which would be $54 in this case)$630k ProfitIf your business sold 1,000 of these homes a year, you would have:$1,800,000 Gross Income$630k Cost of Sale <-- agents/ transaction coordinators (you could have 5 agents handling 200 sales each at $100k incomes and TC support at scale)$540k Expenses <-- photos/ signs/ lockboxes/ Errors & Omissions insurance/ MLS fees/ liability insurance/ tech fees/ VA admin support/ marketing to get clients for the business (you're going to est $125k in runner fees alone for signs; $25k+ in signs, $54k in ads to attract clients, $200k in photos, $10-20k minimum in E&O, $2k in liability, and what tech/ VA support)$630k Profit Scale costs will include hiring a managing broker for compliance to help oversee all of these transactions and implement legal changes and training.
LaSha Williams New to Investing
3 December 2024 | 8 replies
Don’t hesitate to reach out if you have questions—there’s a wealth of knowledge here, and we’re all here to support each other!
Joe S. Rethinking some of Dave Ramsey‘s teaching
2 December 2024 | 5 replies
Most of his coaching is for consumers who have credit card debt and other behavioral finance needs so I support a lot of it.   
Kwok Wong How to submit a respectful lowball offer?
7 December 2024 | 9 replies
Is there any evidence or support I can include to make my letter of intent more credible?