Ryan Holden
Having contractors come by at the same time
2 November 2018 | 5 replies
Then that go will give back some of the extra profit...Bid rigging is a thing...
Cassandra Staffieri
Short term rentals New Orleans
12 November 2018 | 41 replies
I profit about $1000 per week per property between April-October.
Jeremy Benezra
Stepped up basis issue
1 November 2018 | 4 replies
It’s appreciated in value considerably while I’ve owned it.I know there is the 250k exemption on profits from the sale of your primary residence but that has to have been your primary residence 2 of the last 5 years.
Michael Corso
Do 100% Financing Hard Money Lenders Really Exists
5 November 2018 | 5 replies
Although a few of them may actually do a loan for a slam dunk killer deal, if they do, they’ll end with most of the potential profit too.
Chris Hewitt
HELOC vs Cashout REFI
5 November 2018 | 4 replies
My original plan was to put a HELOC on each unit and pull 80% of the value out to recoup my cash, however now I’m considering doing a cashout refi in six months for the same amount or more.Using the HELOC, my original plan was to take a 50k line on each unit and use all of my cash flow (no money set aside for reserves/profit) to not only pay the interest but also the principle down.
Akin Okegbile
First Duplex, Still learning
1 November 2018 | 0 replies
Private Money Investor, with 50-50 split, 50- 50 profit or loss share.
Ken Wicks
Getting my feet wet again with another training-wheels property
1 November 2018 | 0 replies
Just bought, fees expanded a little when my partner and I purchased so our immediate profit eroded a little.
Jim D.
What should I watch out for when providing a bridge loan?
16 November 2018 | 1 reply
She has a lender lined up to give her a conventional loan, but she needs 5 months to complete their requirements to qualify.Since she is about to loose all the equity she has put into the property, she has offered me the following terms: I'll pay off her land contract, she'll make monthly payments to me of $1,200, and then in 5 months she'll refinance out and pay me out a lump sum of $160,000, for a profit of $20,000.
Daniel Read
Candy Capitalism: A Father's Wish
1 November 2018 | 1 reply
You don't use Halloween as an object lesson to teach your kids the same principles on wealth distribution and profit?
Lamont Marable
What if a contractor stole $7,000 from you?
5 November 2018 | 33 replies
Why on Earth would a stranger give you that deal, mark it up an make a better profit.