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7 May 2024 | 5 replies
I would not start investing, creating businesses, or doing anything in life based on a unicorn example, whether it be real or imagined.I would look at the industry from the top down, figure out what realistic margins are, and see if I can gain a competitive advantage or beat general market returns by a few % points.
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6 May 2024 | 14 replies
If you have an HOA that has 3 or 6 month minimums I believe this could be a viable route but a 30-40% lease up fee for a single month alone would likely devastate the profit margin.
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9 May 2024 | 28 replies
You need to have good margins otherwise it's not worth investing in the deal.
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5 May 2024 | 5 replies
I'm a responsible investor who takes good care of my properties and it sucks seeing these tax rises hurt the margins.
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5 May 2024 | 6 replies
Wholesale will flip themselves if the margin is good enough.3.
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4 May 2024 | 11 replies
So I’ve had this happen twice in a relatively short period of time and I’m a bit confused about it.The first time it stood out I went and looked at a property and I told the wholesaler I could only give X and they guilt trip me saying they only was making 5k as it was.So we did an assignment of contract and I agree that they needed to make something and it was a marginal deal for both parties.
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4 May 2024 | 6 replies
However, insurance expenses in CA aren't going down anytime soon so that could affect your profit margin.
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3 May 2024 | 12 replies
With cash you canmake higher margins per deal because you have less holding costs.
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2 May 2024 | 7 replies
I will add that oftentimes the fixed costs with installing any kind of pool (fence, pump, permits, excavation etc) are so high that the marginal cost of a plunge pool vs something more standard is relatively small.
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2 May 2024 | 3 replies
Precast concrete is a low margin business overall but seeing as this is very special, it would be more that simple stock tanks and the like.I would go for in-ground all the way.