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11 September 2018 | 6 replies
With no income...just cost.How many months would it take to recover $60k...which is what you need to do before you show any profit...and before you mention appreciation, you get the same appreciation whether you pay this way or the minimum.At $18k/y cf (after payoff), it will take you over 3 additional years before you start making a profit...that's actually close to 8 years from when you start the early payoff.B - If you put 20% down (about $24k), that was cash, and you had positive cf (on average) for the full term (let's say 20 more years), the cost of this property to you was $24k.If you had $500 positive CF without doing this early payoff, or $6k/year, you would have broken even at the end of year 4...and you would be profiting.Let the tenant buy the house for you.
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10 September 2018 | 0 replies
The predominant message on BP is to buy under market, improve and refinance (or sell for profit).
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7 January 2019 | 23 replies
These little nibbles and big profit making for PMs. and its hard to control.
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11 September 2018 | 1 reply
Thankfully, we still made a very small profit at the end (this was a flip), but I learned some valuable lessons.
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10 September 2018 | 3 replies
If not, then I don't know what we'll do.So, I will be realistic in saying that my target profit on my upcoming flip is $50k for about 60 days of work.
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17 September 2018 | 3 replies
How do you give them the information they need for the loan without giving them all the details of your possible profit?
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10 September 2018 | 0 replies
You may be busy, but they will not come back to you if they lose out on the deal because you didn’t get back to them soon enough.Explain Why You Do Not Want a DealSome agents may come to you with a deal they believe will net you a significant profit, but you may determine that’s not the case after running the numbers.
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28 June 2019 | 5 replies
The wholesaler is simply selling paper - it's up to you to take the deal and monetize it.I recently did a wholesale deal with an investor who completely screwed it up - instead of him making a quick 10k profit he decided to slowplay the thing by dragging his feet, taking 4 months to paint a 1200 ft SFR to end up walking away with only $3200.
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10 September 2018 | 0 replies
I have since switched to pursuing MFH as my long-term goal, but I am eager to put my SD IRA to good work while I am researching and working with coaches on my MFH pursuit.
10 September 2018 | 0 replies
Since then I decided to bring on a partner (who's happens to be a realtor) to share in the work load, expenses and profits(50/50) and also hopefully use his financials combined with mine to procure another construction loan.