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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).
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24 May 2018 | 29 replies
Example: If you sold your 8-unit at $500k and you still owed $250k, then your 1031 property needs $250k or more in debt.
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12 May 2018 | 4 replies
It's making me worried how many "extra" expenses there are that will be added on. for example the inspection, a title check, lawyer fees, and I feel like many other little things.
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14 May 2018 | 33 replies
In the event you refi or attempt to sell tenant occupied it would be to another investor not an owner occupant so the cash flow is the only value applicable in that situation.To realize the sales comparison approach to value the property would need to be vacant & renovated to sell to an owner occupant or refi for the amount borrowed.For example, Purchased for $100k in the suburbs in a C area based on the sales comparison approach.
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12 May 2018 | 4 replies
The 401k protection you mentioned applies if you were in a car accident, for example, and someone wanted to pursue your assets.