12 May 2011 | 9 replies
Typically I set some goals that I try to achieve each week and track my progress that way.Weekly goals are 1. 50 direct mailings - absentee, probate, vacant houses, etc2.

23 May 2011 | 13 replies
Here is my situation:Part time Real Estate investor with several properties owned free and clearNeed to leverage properties to grow business660 Credit Score (FICO)45K Credit Card debt145K Mortgage80K income (full time job)One late payment (30 days) 2 years agoUnable to use 48k year in rental income due to last two years tax shows negative income (properties were purchased and rehabbed during this time)Bank deal - Approved mortgage with the following stipulations- Debt to income is too high - Bank would require that 18000K goes to CC Debt at closing- 2500k Loan CostOR - depends on increasing credit score to 680 min 720 optimal- Bank Line of Credit (for this they will use rental income plus job income- Low fee's for loanMy question is "How can I achieve a relatively quick score increase by 20-50 points?

24 May 2011 | 11 replies
Many people refinance properties to maintain the required leverage to achieve their ROE goals.

24 May 2011 | 12 replies
It seems from my observations of people with a lot of accumulated wealth that many of them achieved wealth through concentrating their bets where they are highly skilled investors.

23 May 2011 | 1 reply
If the quality is not as good do you have a tenant not as happy or can't achieve market rent on that unit?

27 August 2012 | 40 replies
He rents a bit under market to achieve this though?

3 June 2011 | 2 replies
In my opinion, you only switch your exit strategy when you determine that your optimal strategy is unachievable (or unlikely to be achieved).

9 June 2011 | 26 replies
. $200K if you achieve the 20% COC ROI and then you still have to pay your investors and hard money lenders from that amount as well, or is that 20% after all the costs and expenses?

12 February 2020 | 12 replies
To achieve this, someone must continuously gather the information (number of units and number of days they remained vacant in a given year/month) from the landlords - big (apartment complexes) or small (mom-n-pops).

7 January 2010 | 5 replies
It should include everything from your goals (how do you know if you've been successful if you don't set goals), your plan for achieving those goals (will you wholesale, flip, buy-and-hold, develop land, etc), how you will tackle obstacles along the way (such as financing, finding properties, selling properties), etc.In my opinion, the most important part of the business plan is to be able to hand it to those you trust (friends, family, attorney, CPA, etc) and say to them, "Does this make sense?