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14 September 2017 | 15 replies
I've increased my offer but I dont expect the seller to accept it.
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9 September 2017 | 0 replies
Hey BP,My goal is to hear some advice and/or pointers on what has worked for people with experience in what their advice is.Background:I'm a Carpenter in Northern California working for a General Contractor totaling 40Hrs-60hrs a week My current work is mainly Tenant Improvements/Remodels, In the past I've done custom homes as well.I'm sole provider at the moment for my family and am saving what I can though it probably wont be significant for InvestingIssues (oppurtunities):Dont have much capital 5000-10,000 - Saving about 500 a month Dont have GC license yet - Will have GC license in November 2017Will have Construction Project Management Cert early 2018 (March)I'm looking to be proactive and find an oppurtunity to enter real estate investing with a sustainable stratgegy.Current thoughts:- I can work full time and get jobs on the side to add to capital power - wholesale remotly, with savings?
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12 September 2017 | 8 replies
Could be things like...Short termCash on Cash returncash flow Deal sizePrice per unitLong termIRRTotal equity increase Cap rate at resaleWould love your insights on which ones are most important and what numbers you use as a minimum for each before you would consider moving forward on a deal.Thanks!
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17 September 2017 | 20 replies
Plus we are on track to see the High speed rail come to Bakersfield in the coming years as well which will increase the population 3x within the next 30 years, as an estimate.
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21 September 2017 | 123 replies
It is a deplorable side effect derived from equating tenants to a customer....the "customer is always right" "place your customers interests first" etc. mentality.We need to get back on top and as with everything else regarding investing leverage is the key.
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11 September 2017 | 26 replies
The banks will withdraw money and hold it in limbo for awhile-- they use this "float" to increase profits.
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11 September 2017 | 14 replies
I increased the rent by 50 bucks.
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10 November 2017 | 17 replies
I could increase the cash I have up to 140k since I could get some money out of my 401k and also trough some friend loans (I prefer not to do this).
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18 September 2017 | 7 replies
It may take two years to execute, but you can cash flow during ownership and enjoy an increase in value from improving the performance of the property on sale or refinancing.
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12 September 2017 | 4 replies
I would increase your CapEx and Maintenance expenses (I use 10% each for older, lower valued properties), but I err on the conservative side.