
14 October 2022 | 2 replies
The closing costs are also very minimal.

20 December 2022 | 7 replies
The money you spend is well-worth it in my opinion because they'll be well versed on all the ins-and-outs of what you can and cannot do to minimize your tax liabilities and maximize your deductions, as well as do forward tax planning with you.

16 October 2022 | 2 replies
I have a small amount saved (at least in comparison to a lot on this forum--substantial for those I know), have limited expenses while I still have relatively minimal responsibilities, and have a lot of time and enthusiasm on my hands.In this transition for me, I am considering my next step.

26 October 2022 | 9 replies
I'm making this seem like a step-by-step process, but in reality a lot of these pieces are being put together at the same time in order to minimize delays in the building process.

3 November 2022 | 16 replies
I know my numbers, I know what is a good deal or not.The WHOLESALER determines the offer, NOT the buyer.I see some of you don't understand the job of a wholesaler.A wholesaler is not some sleazeball that does minimal work and then collects an (undeserved) fee.The wholesaer (a good one):1) Finds the seller2) Does his/her due diligance3) Takes note of all the things wrong with the house4) Forms a solid Cost Of Repairs, ARV, and As-Is value of the house5) Negotiates with the seller to put it under contract for a price that works by the NUMBERS, not the end buyer.6) Presents the contract and explains the contracts7) Makes sure the seller knows it all, what they can expect, how it works, what the risks are, what the time line is, etc.8) Finds a cash buyer for the contract9) Presents the cash buyer with the property report where all the pertinent information is lists for the buyer10) Makes absolutely clear that it is the buyer's responsibility to verify the numbers.11) Works as the communication middleperson between buyer and seller12) Makes sure the buyer follows throuhj with their responsibilities as well as the seller's responsibilities13) Keeps constant communication with the seller till closing.So I think I see where you guys are coming from when saying "it is the buyer that makes the offer".. as in the buyer will ultimately need to be fine with the offer... and yes, the end buyer needs to make a profit sure...

8 December 2022 | 5 replies
@Steven HassettI would recommend approaching an Uber/ Lyft driver or Instacart runner and pitch the following:Using Deal Machine with 2 users license (you can track their route in real time while you are at your office) Set up a pay plan where you pay them $1 for each distressed house they log and photograph into Deal Machine

16 October 2022 | 0 replies
All the units were fully rented, which minimized our risk going into this deal.

29 November 2022 | 21 replies
That way you minimize your chances of letting a previous deal’s hard-coded numbers ruin your projections.#6“I’ll buy for $100k a door, do $20k a door of renovations, and sell for $150k a door.”Underwriting can be overwhelming but don’t oversimplify the process.

8 December 2022 | 7 replies
Tenants have been good (pay on time, minimal repairs) but are messy and said they may move out soon.

12 October 2022 | 22 replies
It would be casual, no pitches, just getting to know each other, maybe sharing some wins/frustrations, questions, etc?