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30 December 2024 | 14 replies
Let’s break it down with the 70% rule to see if it’s investor-friendly:ARV: $190,000 (taking the middle of $180K-$200K)70% of ARV: $190,000 * 0.7 = $133,000Minus Estimated Repairs:Roof: $20,000AC: $4,000Additional repairs (general estimate for a property needing updates, say flooring, paint, minor plumbing): $10,000-$15,000Total Repairs: approx. $35,000Max Buy Price for Investor: $133,000 - $35,000 - $10,000 (wholesale fee) = $88,000Since you’re getting it for $91,000, you’re close, but to make it irresistible, consider negotiating the purchase price down a bit further.
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15 January 2025 | 144 replies
Another throws around the made up terms like “snowball” and “infinite” as if they have some magical power to rewrite the rules of finance.
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23 December 2024 | 2 replies
This injunction temporarily halts the enforcement of the CTA and its reporting rule, including the January 1, 2025, BOI reporting deadline.
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21 December 2024 | 2 replies
In my area, counties don't have zoning, but they do enforce certain rules, like housing eligibility, which often has one house per 40 acres.
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20 December 2024 | 8 replies
That number has to be large enough to justify the 1031.
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23 December 2024 | 15 replies
I just was giving a rule of thumb (framing was what I was bringing into the convo adding sf/adding bed/bath etc. without stating framing).
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31 December 2024 | 22 replies
Before the day ended, FinCEN released a public statement regarding the Fifth Circuit's ruling, announcing an extension of certain reporting deadlines to allow more time for compliance.
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22 December 2024 | 1 reply
And if you’re listing the house online, try platforms like LoopNet or local Facebook groups for real estate or community housing.Just make sure to do your homework and ask for references, check their track record, and make sure they’re following any local zoning or licensing rules.
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24 December 2024 | 6 replies
Also, make sure to build trust with sellers and research Orlando’s zoning rules—they can really impact deals.
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6 January 2025 | 25 replies
Spread your eggs between multiple pockets rather than everything into one property that may or may not appreciate and cashflow as you forecasted.The only exception that rule would be in Austin, if you live there, or in Phoenix AZ just because the growth in the Phoenix metro is so strong and you can still cashflow there.