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7 September 2017 | 2 replies
hi,relatively new to the game. i have a property with good potential in an area i think will appreciate well. in my current situation, i am not strapped for cash and can save 7-8k month for real estate purposes alone with my current job. this will be by first SFR and goal is to have at least 12% COCROI and have a minimum of $150+ using the 50% rule. im more or less in it for the long term game and want to retire with a rental portfolio that can supplement my income within the next 10 years. here are the two scenarios for the following property:property: $65krehab costs: $10kclosing costs: $3,200wholesaler costs: $2,500i plan to put 20% down on a 30 year fixed loan at around 4.8%Scenario 1:I cover out of pocket for rehab and wholesaler costs as well as downpayment + closing costsProperty: $65kRehab: $10kWholesaler costs: $2,500k Downpayment: $13,000kClosing costs: $3,200Total cash needed: $28, 710COCROI: 12%Monthly cash flow: $28850% rule: $313Scenario 2:I finance the rehab and wholesaler costs through my bank.
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5 January 2018 | 11 replies
I may contact your company in the future.And hopefully your rehab team does a thorough job inspecting pre-and post rehab.
16 June 2018 | 14 replies
In a few months I will transition to RE Sales FT, and before I leave my corporate job, I like to try an use my benefit, and move on as a sales person and newbie investor.
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11 September 2017 | 9 replies
They'll relocate them into several hives (this may be big enough to have more than one queen) and they may even use it as a training exercise for their newer members.If this is not accepted by either the homeowner or the local beekeeping club, then make an offer to buy the house and expand your circle of calling to beekeeping clubs until you find one that will do the job.
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10 September 2017 | 17 replies
I'm scheduled to close on the 29th and we're still a go, inspection was yesterday and appraisal scheduled for Tuesday.
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8 September 2017 | 2 replies
They are in their early 60's and just found out that they have a little over $40,000 from an old job's retirement account that they had in their early 20's.
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22 December 2020 | 3 replies
We are about 90% complete on a $235,000 job.
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8 September 2017 | 1 reply
After many books and the variety of material here on the BP site and podcast, I am ready to get to work and make things happen. I have looked at a ton of properties in my market and there are a few that I would be int...
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20 September 2017 | 16 replies
My goal with Real Estate is to have a large portfolio of properties generating income while still working my regular job.
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12 September 2017 | 4 replies
.), Parking Lot Lighting, and Thorough fare Fees at a minimum. pages 14, 16, 23 of the Raleigh fee schedule Expect $400 or more per space in fees alone plus attorney costs ($273/space Thorough fare Fees alone)Or... run covertly.