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21 April 2015 | 38 replies
I arrive at a price based on a specific profit I want to make, usually 20% on my total money invested, which includes cost of the home + rehab.
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24 December 2022 | 7 replies
A "good deal" is subjective, the best thing you can do is start to understand your market where you want to invest and when a good deal arrives, you'll know it because you understand the market.
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24 September 2019 | 29 replies
I use Homeaway.com to advertise, take payments, manage my calendar ect.I also have an AirBNB account but it doesn't produce many vacation rentals.I have a great housekeeper that I text to schedule my cleaning.I use a Lockbox for keys.I have 2 Honeywell 9000 series thermostats to adjust temp when no one is there.I also just recently installed a camera system so I can see who arrives and make sure no one is breaking in when vacant.Very easy to manage remotely once everything is going.
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26 December 2016 | 4 replies
Chase slate, Barclay arrival, Citi thank you....Those are a few off the top of my head that I know will do direct deposits into a bank account at the promotional rate.
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11 January 2017 | 3 replies
Financially, it is dead on arrival.
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3 November 2021 | 5 replies
Let me quickly help you arrive at what you may realistically pay for the property, usually referred to as the maximum purchase price.
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9 May 2018 | 1 reply
I've often struggled with the process of presenting a low-value offer, but have distilled the process to explaining how I've arrived at the offer, from a starting point of looking at comps to determine an ARV, then moving on to the rehab and holding costs, and ending with an explanation that we need to make a conservative profit for our efforts and the risks we are assuming.I'm looking for suggestions on how to streamline this process to something akin to an elevator pitch, i.e. how to get the whole message across in 30 to 60 seconds without losing the audience.
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29 December 2017 | 11 replies
I took the year, replacement cost and lifespan of all major items to arrive at this number, then added a 10% buffer.My closing costs were a little high due to 25% down and paying points to hit 4.125% interest rate.I have some equity and would like to keep growing my portfolio.
19 June 2022 | 5 replies
I'd give them about a week's notice, usually, it means they'll clean things up in preparation of your arrival...but that doesn't hurt (good idea to check storage areas for junk they might be piling up or storing though).You don't need to invest out of the gate, but we use an app called Happy Inspector to actually schedule and standardize inspections.
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3 November 2020 | 33 replies
When I arrived in Afghanistan I was on episode 94.