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13 March 2018 | 2 replies
You're just starting out, so just be happy you're building a positive track record and generating returns for your partners.Pay attention to the affect of the down payment size, holding time, and interest and points.
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15 March 2018 | 10 replies
I don't see any:lawn care or snow removal (which may mean snow removal from the roof as well), Trash Pickup90% of the duplex type properties in Maine would have 1 heating system meaning landlord pays (can be substantial depending on the property), electric could be per occupant but checkI assume you would also pay water sewer -- maybe $60 per monthA building like this is Waterville is probably a old converted single family even if it is all redone I would reconsider your repair and capex estimates I don't know local Waterville but double check the property taxes
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14 March 2018 | 6 replies
Banks will typically limit you to 4 houses before they cut you off.If you do things the way I do them by using "Subject To" to buy the properties, you get in more cheaply and there is no bank to cut you off so you can do as many of these as you care to.
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13 March 2018 | 3 replies
So, know the metric you care about most.You should get in the habit (if you aren't already) of running deals on a spreadsheet and looking for deals and or errors in your number.
14 March 2018 | 5 replies
As long as the bills are getting paid the bank doesn't care.
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29 March 2018 | 19 replies
As long as people feel like you can help them solve a problem no one cares where the trust in you comes from website OR social media.So if you think a bit.. all you need is credibility to convert a lead.
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13 March 2018 | 0 replies
Because the inventory is so low, you really need someone that has the time and attention to dedicate to your home search.
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19 March 2018 | 87 replies
Careful to leverage your 401k because it can be used as reserves.
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19 March 2018 | 3 replies
I used to use $30/foot as a decent ballpark figure for renovations, but it seems like renovation costs have gone up quite a bit, $40-50/ft has been the new reality lately, but of course it's tough to put a 'per-foot' number on any particular project because everything is unique.Mobiles on their own land can be flipped, just pay attention to the age, anything before 1976 will pretty much have to be sold on a contract or to a cash buyer.
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4 April 2018 | 4 replies
Finally be aware we have 100 scammers for every genuine wholesaler so be careful my man, take your time, do your homework.