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Results (10,000+)
Ben Valentin Can someone help me understand how to find the 70% rule?
9 April 2017 | 19 replies
Just like you I didn't want to make a mistake
Aksel A. Investing in Boston during a sellers' market
13 February 2018 | 20 replies
And this using a 203K FHA loan in the brutal market of Boston, on the east side of the Port Norfolk bay area.Facts & Numbers:2 beds & 2 baths on each of the 3 unitsPurchased for $655K @ 5% down-payment and a generous dose of 203K closing feesTaken a 30K cushion for the 203K streamlined rehabLocked in 4.25% @ 30 year interest rateAppraised at 750KThe numbers are certainly not the exquisite definition of what a ground-breaking deal stands for, but they certainly fare decently well in this seller's market where cash investors rule, the inventory is constantly challenged and most properties are getting sold for over asking price, taking advantage of the current interest rates, the Everett Casino construction, and a few other speculative but pragmatic plays.Just like most everyone else that was not raised or surrounded by real estate professionals from a young age, this deal was pretty much riddled with small mistakes here and there, from neglecting the fire department smoke and carbon detector regulations, being over-optimistic on the underwriting guidelines, underestimating the cost opportunity due to all sorts of processing delays, and you name it.Currently free from tenants, the expectation is to add value by rehabilitating the under-developed basement, adding 2nd and 3rd floor balcony decks, and a variety of practical and aesthetic fixes.
Daniel Saunders How Do I Raise Capital?
19 January 2017 | 8 replies
If they stick you or you make a mistake you still have to see them on the holidays.
William C. My flip took 11 months...what went wrong?
25 January 2017 | 33 replies
Unless you are doing multiple flips, your biggest mistake was to not wait another month to close so you could have counted the profit as a long term capital gain.
Vincent Parello Well water homes. Chicagoland
3 February 2017 | 30 replies
My first mistake was taking my realtors advice.
Joseph E Salem Paying off debts before investing?
13 September 2017 | 3 replies
I must say that I'm aware of the financial mistakes I've made, and know better not to make them again.
Elbert D. What is everyone's 2018 Goals?????
10 December 2017 | 47 replies
Made some mistakes, underestimated a bit, but I'll be able to make a few thousand on it and the experience was priceless.2018?
Raeshelle C. Best way to start out investing with $10K?
14 November 2017 | 111 replies
@Raeshelle Cooke  I'm actually not sure, that was one of my mistakes by wanting to jump into a deal so bad...
Jahan Habib Crossroads: Stick with New England or Branch out to the Midwest
4 December 2017 | 2 replies
The biggest mistake investors make in my opinion is not knowing the neighborhoods and buying in bad areas.
Corbin Wafford Newbies: What is the competitive advantage?
24 August 2017 | 20 replies
I have made plenty of mistakes, but all you can do is learn and move on.