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20 March 2024 | 10 replies
I would say that the closing costs savings are generally pretty light (if even existing on these) - its not super logical, but often worth the hassle to do as individual loans
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20 March 2024 | 15 replies
The commission isn't even worth showing clients around normally and its just as easy to rent by using other sites.
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19 March 2024 | 9 replies
If you already have a group of investors you work with, understanding their capital reserves, risk tolerance, timelines on return, and various other factors to help you understand what properties will be good deals for them and should help you narrow down your scope.When thinking about what tools to use, think about what you need to get done.As a wholesaler you will need to find leads on potential investments, run numbers on investments, put together investment packages for your investors, etc.Lead Generation:- Can be done on MLS, Auction sites, etc but remember competition will be high here- Pre foreclosure lists- Drive for Dollars- Social Media Campaigns - Billboards & signsProperty / Market Due Diligence:- Bigger Pockets Tools- Air DNA- Reventure App If you would like to connect and discuss in detail I would be happy to brainstorm.Good luck
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20 March 2024 | 11 replies
Worth every penny especially if you manage several listings.
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19 March 2024 | 2 replies
After ten years compounding at 5% that amount would be worth $1,348,602, which would really be $1,256,344 after accounting for LTCG @ 15% (1,348,602-733,500 * .15).Final amount for condo conversion: $1,256,344Pros: After money is reinvested, passive incomeCons: Taxed twice, once on sale, once when investments are sold, no real control over money once investedScenario 2: 10 year holdI pasted my numbers at the bottom of this post so it's easier to see, but my thought process was as follows:1) Calculate value based on reasonable appreciation trends, plus cash flow.
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19 March 2024 | 7 replies
I haven’t really dug into how big this market is, but if there are enough people in a similar place as we were, it may be worth me investing a little more to commercialize the platform and license it to others.I’m not really interested in making that effort if there are some good solutions already out there, but if this is a neglected market, I’ll do it.
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19 March 2024 | 4 replies
Wanted to see what my best options are in this situation:I want to borrow 200-250K as a NRA(non resident alien) with no credit history, to invest in a syndication deal.I have a rental property that’s owned free and clear worth around 750-800K so in case of a cash out refi my LTV would remain low.It would be a short term loan: 2.5 to 3 years at most before I pay it back.
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18 March 2024 | 7 replies
I tried to use the BP calculator but even then I’m having a hard time knowing what the property is actually worth, or what it will cost to put the work that needs to be done in it before renters move in.
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19 March 2024 | 15 replies
Thank you so much @Federico Gutierrez- I have sent out a LOT of emails today and am hoping that someone will decide I’m worth their time.
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19 March 2024 | 19 replies
Your goal is to signal 1) you know what you are doing and CAN CLOSE 2) you won't waste their time and 3) The overall relationship is potentially worth at least a callback