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27 January 2025 | 11 replies
You want an investment that pays for itself, including mortgage, taxes, insurance, maintenance, and even some money set aside for a reserve to cover vacancies and capital expenditures.
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22 February 2025 | 48 replies
But it's in your interests to make sure the property value makes sense and the borrower has skin in the game.
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12 February 2025 | 3 replies
Here is the statement expanded to include formulas for doing one flip per year, two flips per year, five flips per year, and ten flips per year: One flip per year: If you start with $50,000 and do one flip per year, aiming for a 35 percent return, your progress would be: Year 1: $50,000 + (35% × $50,000) = $67,500 Year 2: $67,500 + (35% × $67,500) = $91,125 Year 3: $91,125 + (35% × $91,125) = $123,019Two flips per year: If you start with $50,000 and do two flips per year, aiming for a 35% return on each, your progress would be: Year 1: $50,000 + (0.7 × $50,000) = $85,000 Year 2: $85,000 + (0.7 × $85,000) = $144,500 Year 3: $144,500 + (0.7 × $144,500) = $245,650Five flips per year: If you start with $50,000 and do five flips per year, aiming for a 35% return on each, your progress would be: Year 1: $50,000 + (1.75 × $50,000) = $137,500 Year 2: $137,500 + (1.75 × $137,500) = $378,125 Year 3: $378,125 + (1.75 × $378,125) = $1,039,844Ten flips per year: If you start with $50,000 and do ten flips per year, aiming for a 35% return on each, your progress would be: Year 1: $50,000 + (3.5 × $50,000) = $225,000 Year 2: $225,000 + (3.5 × $225,000) = $787,500 Year 3: $787,500 + (3.5 × $787,500) = $2,756,250The key points remain the same, which is to aim for a high return through flipping, reinvest the profits to compound the gains, and be disciplined in order to build significant wealth over just a few years of this real estate investing strategy.
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15 January 2025 | 14 replies
You should be able to do a pretty decent update with $50k (purchase price not included).
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23 January 2025 | 5 replies
Here the explanation and benefits:A Bank Trust or Fideicomiso allows foreigners to acquire property within the restricted zone, which includes areas within 50 kilometers of the coastline or 100 kilometers of the borders.
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9 February 2025 | 8 replies
As @Jerryll Noorden said BE HONEST, full disclosure, INCLUDING that your a licensed agent.
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6 February 2025 | 18 replies
But I have since found a better solution for my situation that does not include wholesaling the property.
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26 January 2025 | 3 replies
I own 32 properties myself and have bought and sold over 300, including a few apartment complexes.
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21 January 2025 | 4 replies
Will they finance 100% of the purchase and renovation or will they want skin in the game (you putting money in).Most do not do 100% funding so beore going down more rabbit holes, make sure you have the $ aspect situated first.
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15 January 2025 | 39 replies
total return from an RE investment includes value added, appreciation, tax benefits, equity pay down, and the cash flow.