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7 April 2018 | 8 replies
.- Ripped up carpets and re-finished the hardwood- Fresh coat of paint- Laminate flooring in the bathroom- Stick on splash for the kitchen sink area- Few other minor repairs- Brand new stainless steel oven (all other appliances stayed the same)After all of this was finished up for about $5,000-$6,000 I was able to rent the unit out for just above market average in my area.
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6 April 2018 | 5 replies
Adjustments are dollar amounts assigned to features -- for example, if similar properties have parking spaces or garages, and yours does not, could throw your ARV off by thousands of dollars.I wrote a Biggerpockets blog post on how to analyze comps and calculate ARV here if you'd like to check it out: https://www.biggerpockets.com/blogs/8814/68395-how-to-find-real-estate-comps-and-calculate-after-repair-valueHappy investing and feel free to reach out if I can help in any way.
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3 May 2018 | 17 replies
So just to be clear as an example, assuming the collateral assignment of mortgage and note has been filed.....If I own a note valued at $50,000.
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8 June 2018 | 39 replies
Let's take a very real example of how my knowledge of the agents in the market helps helps my clients avoid risk and make more money.
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23 October 2018 | 8 replies
By way of example, we performed studies on 26 rental houses with an average cost-basis of $56k.
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10 April 2018 | 30 replies
Get a fresh start and take full advantage of the BP members who will help you more than you can imagine at this early point in your career.
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6 April 2018 | 1 reply
Super vague questions tend to get fewer responses.For example your desire to work for a mentor.
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6 April 2018 | 2 replies
And if that $2080 is being used as down payments and leveraged to buy real estate, that means I have just gained an extra 10,400 - 20800 worth of real estate ..I see this as a simple example of an actionable step to help people towards financial freedom.I am currently applying this in my own path to financial freedom.Would love to hear other peoples perspective and opinions on thisWhat are your thoughts and methods to achieve financial freedom?
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9 April 2018 | 8 replies
In my example above I would report the $300 per month rental income because you will also a have the HUD 1099.
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8 April 2018 | 2 replies
I’m just looking for some examples.