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Results (3,126+)
Jie Li Any Recommendations on Buying a Turnkey at $45k-$65k?
15 July 2015 | 29 replies
Either there are short cuts, bad neighborhoods, etc. 
Stephanie Garcia Duplex Deal
24 June 2015 | 18 replies
Which on the low side would give you ~ 950+1125 =2075 in rent lets take this as your starting point Gross income for the year 24,900Now that we have an estimated rent / Gross Income lets start accounting for things...Gross Income (GI): 24,900Vacancy: -1,494 (6%)Total Gross Operating Income (GOI): 23,406Expenses...Property management: -2,490 (assuming 10%)Repairs and maintenance: -1,245 (assuming 5%)CapEx: -2,490 (assuming 10%, I generally do a calculation for this on the age of every CapEx item for a property and it is generally around 5%, but this is a duplex so I am taking a short cut and doubling it since you have two of everything except the roof)Taxes: -2,512 (From the eprop tax site for Sac)Water / Sewer / Garbage: -2,880 (Approximate, generally around 120 per month per house, again doubled for duplex, you could pass this on to the tenant potentially but accounting for it for now)Insurance:  -1,400 (this is a pure guess here)Total Expenses: -13,017 ~55.6% of GOI or 52.3% of GI Net Operating Income (NOI): 10,389Now that we have an expected NOI we need to figure out how much you can pay for this property and still make the return you are looking for. 
Nat C. "We bought 100 properties without using any of our own money"
9 August 2016 | 69 replies
Now you see the sarcasm in my reply, yet it is sarcasm that is founded on truth.In reality, I hate to see people enter into a new venture haphazardly - leaving a wake of destruction in their path (especially at the expense of others).  
Alex Clark Starting out right, valuing rehabs and deals accurately
16 June 2015 | 7 replies
We have not even discussed paint or cabinets.Sometimes you cannot shortcut "dirt on the boots".That is construction speak for experience.  
NA Ragsdale Best Online Real Estate Salesperson/Broker Pre-License Course in Texas?
28 July 2015 | 3 replies
It had been customized for Texas in a haphazard way and did not adequately cover the broad topic of contracts.
Mark Higgins 55+ mafia or dentist nightmare, take your pick
8 November 2015 | 14 replies
Unfortunately, there is no shortcut to success.
Sandy Uhlmann Non-performing second with first in forclosure
27 January 2018 | 17 replies
There are no short cuts - - it takes a lot of time and effort to learn the basics.
Benny Morfas Buying a 4-plex for under $30k.. but in a class D area. Worth it?
17 May 2019 | 106 replies
There is no SHORT CUT in real estate. 
Jordan Lucas College degree for real estate agents ??
10 July 2019 | 164 replies
What I'm trying to say is don't haphazardly take courses at a college without a clear goal and path to achieve a bankable degree.
Chadd Brandon The 70% ARV Rule - Do You Follow?
4 June 2019 | 22 replies
After reading all of the responses I've gotten, I plan on not ignoring or hap-hazardly paying attention to this rule.