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21 February 2024 | 7 replies
Here are some stages and recommendations to help you through the process:Create an extensive business plan including all aspects of your idea.
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21 February 2024 | 5 replies
One notable project involved a complete renovation, including the addition of 3 full bathrooms and 4 rooms starting from scratch.On each flip, I've generated profits ranging from $30,000 to $80,000.
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21 February 2024 | 8 replies
It's $25,000 for 12 months of coaching, including meet ups where they introduce to private money lenders etc.
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18 February 2024 | 7 replies
Hello, I'm new in this space and I'm looking for any investors in this area. Maybe I'm in the wrong room or just not enough people from Cali on this platform. Please let me know
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20 February 2024 | 4 replies
In a work/money fix&flip partnership:The silent partner provides $1M.The working partner does all the work, including securing an additional $1.4M in financing for the LLC.The working partner keeps 2% of the capital immediately ($20k).After all rehab, fees, and finance expenses are deducted/repaid, the working partner takes 45% of net profit and silent partner takes 55%.You can assume the working partner has experience and it's not a take the 2% and run scam.
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21 February 2024 | 10 replies
Also, you will need to build a solid team, including a VA-savvy real estate agent.
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21 February 2024 | 1 reply
This will give you an idea of the average sale price and what you can expect to get for the property if you make the necessary repairs and upgrades.Property History: Look into the property's history, including any previous owners, liens, or legal issues.
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21 February 2024 | 7 replies
This is one of the main reasons people go with DSCR Loans or other similar options versus conventional - ability to do LLC, especially with the BRRRR Method (which sounds like what you are doing).PS - heres an article published on BP which includes pros/cons/differences on financing options for BRRRRR hard money/refis https://www.biggerpockets.com/blog/brrrr-loans-what-are-the-...
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21 February 2024 | 24 replies
Estimated Rent (based on neighborhood median) = $2800Total expenses including HOA, Capex, Property Mgmt, and 50% rule for maintenance = $2750Cash flow = $50 :(Do I hold onto this gem or sell it and move onto a new strategy??
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21 February 2024 | 17 replies
Also is access to AirDNA included in my Pro Subscription?