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28 January 2025 | 14 replies
We network with other fix & flippers teaching them how to properly structure a seller financed note so that it has value on the secondary market, we then buy a partial from them to take out most, if not all, of their cost basis so they can recapitalize and go do another deal.
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22 February 2025 | 4 replies
Both tenants just moved out.I just got a bid to correct the foundation the right way by the most reputable company I could find (full underpinning, 60+ piers) ~$65k, plus costs of repairing drywall, paint, vacancy, and new flooring.
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22 February 2025 | 4 replies
We did consider/evaluate that option, and have done multiple flips, but at those points have been under contract since New Year's Eve and carrying costs for another 2-3 months without a guaranteed sale is not the risk we want to assume.
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6 February 2025 | 12 replies
If each property costs $200,000 and your only acquisition cost is a 25% down payment, you will need $850,000 (17 × $200,000 × 25%) in savings, an almost impossible amount for most people.
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7 February 2025 | 6 replies
Can you give more details on your numbers, purchase prices, rehab costs, time to complete rehab, ARV, monthly rent?
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11 February 2025 | 6 replies
What is the cost, and what does it cover?
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7 February 2025 | 5 replies
At this point since it's after the fact while not totally correct; you may explore adding the missed asset/basis amount as a selling cost to just reduce your gain.
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8 February 2025 | 18 replies
The longer you hang out on the bridge the more it costs you.
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3 February 2025 | 6 replies
Any reason why you need a "private person" here?
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18 January 2025 | 8 replies
Only reason I've been doing it is to get 0% business credit card limit increases.