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4 October 2018 | 13 replies
A good attorney can penetrate your bad actions 90% of the time.5.
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5 October 2018 | 21 replies
You won’t make as much per door as SFH but there are other positives.
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12 October 2018 | 14 replies
the interest will decrease with time, but by then maybe capex will start kicking in, but first year/max 4000K/year-333$/month.The depreciation, if building is only 50 % - 151$/month, if 20% - 60$/month, with interest total 393-484$/month.Vacancy (10%) 125$/month, and capex 183 $ /month, total 308 $/month, which would leave 85-176 $/month for positive cash flow that isn't taxable, not a lot and that number only goes down with time.
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30 September 2018 | 5 replies
I ask the management company to reach out for any expense over $500 and whenever there is a vacancy so we can determine a plan of action in regards to what repairs/updates to make and how much to charge in rent.
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1 October 2018 | 13 replies
These aren't issues that are specific to flipping and should be a primary focus for any real estate investment - The bottom line is that you made a profit despite the challenges you faced - and congratulations for that - but it seems to the bystander that you gambled with another investor's money while investing very little of your own - you put yourself in the position of a teacher or mentor when in fact you are not extremely experienced in the business of flipping - consider how you would feel if you lost a portion of your partner's investment....Today I am closing on the purchase of my 15th flip for the year, and I wouldn't dream of taking on an investment partner who wasn't equally experienced and had an equal say in the decision process.Good Luck with your future projects and Happy Investingjeff
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28 September 2018 | 2 replies
Any advice on positioning myself to get the strongest terms?
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1 October 2018 | 8 replies
So while I feel very lucky to have had a handful of "safe" opportunities to take action and gain insight, I know this in no way qualifies me as an investor.
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4 July 2018 | 7 replies
Hey @Sarah Torres ,The fact that you are taking action is great!
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28 June 2018 | 7 replies
Hi James - Thank you very much for these actionable steps!
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5 July 2018 | 10 replies
@Rick Browning have you ever had a positive eviction hit from Maine?