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8 May 2018 | 6 replies
For example, I just completed renovations on a house I should be able to profit $40k+ on (knock on wood).
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5 March 2021 | 11 replies
So, my understanding is I can add my own addendum with specific rules, such as "no smoking while hanging out of the window" as an example.
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22 May 2018 | 8 replies
For example, for budget:- Are your material costs going over budget?
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8 May 2018 | 3 replies
Property #2: also $45k financing + $45k cash to close.Property #3: $1.Total cash to close: $90,001Then, assuming you refinance the third property at the same LTV, you get $45k back in a cash-out refi, bringing you back down to $45,001 out of pocket.Or, more typically:Property #1: $45k financing, $15k cash to closeProperty #2: $45k financing, $15k cash to closeProperty #3: $45k financing, $15k cash to closeTotal cash to close: $45kObviously, these examples ignore closing costs.
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8 May 2018 | 2 replies
For example if their bid was $30k, pay them $10k at the beginning to get materials, $10k when they’re about half way through and you’ve signed off on what they’ve done and then $10k at the end.
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11 May 2018 | 25 replies
Imagine the amount one has to pay a real estate agent in expensive places like, San Francisco Bay Area considering most of the time sellers and buyers agent is the same person #SCAMFor example, If a home is listed for $1.5M in SFO - agent may take home $60k for doing very little since home sells for itself there because of the bidding war and low supply.
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27 September 2019 | 17 replies
Investing is all relative...for example, I'll take a B-class property that breaks even every month over a C-Class property that cash flows $600/mo. because it works better for my plan and style...the point is that any rules about returns are crap.
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11 May 2018 | 16 replies
The loan terms won't be as good but, for example, you could buy high vacancy properties in rougher areas.
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8 May 2018 | 1 reply
For example, I manage receipts for my current AirBnB unit by creating a separate email address specifically for this purpose.
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9 May 2018 | 5 replies
For example, I just "lost" a house because I used a credit union and a closing of 30 days (the winning offer used 3 weeks).