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15 July 2024 | 65 replies
Her rent will be going up soon.Try your best to see the glass half full and find an opportunity to make your asset better performing.
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18 July 2024 | 0 replies
Owners cannot get them out and have no support from the court system.
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17 July 2024 | 11 replies
Basically if you're in the upper credit tier it's not too difficult, and no sense in paying someone to do it.Regarding the company, I've been following the misc posts for a while, everyone does say starting out it uses your personal credit to start, then they open business lines.Personally for RE, I don't see it as a great model.
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19 July 2024 | 16 replies
Both are great locations for STR’s and as you know are zoned vacation so no legal issues.
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15 July 2024 | 11 replies
Once you've had a chance to see how the property performs, you can revisit the idea of giving up your W-2 job.
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17 July 2024 | 9 replies
- After-repair valueThe above list is by no means exhaustive, but those are definitely some key points that lenders will want to understand.
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18 July 2024 | 1 reply
But my second answer is that if you are able to “go it alone” from a directional control perspective you will be much happier, and can operate lean where there is no counter arguments to be had with a partner.
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17 July 2024 | 1 reply
That's why it's not selling.In most markets, your Maximum Allowable Offer (MAO) to a seller should be no more than: MAO = (70% * ARV) - Repairs - Wholesale_Fee MAO = (0.7 * 290K) - 40K - Wholesale_Fee MAO = 203K - 40K - Wholesale_Fee MAO = 163K - Wholesale_Fee - OR - MAO + Wholesale_Fee = 163KSo, you'd need to get this under contract with the seller at under $163K to make any money at all as a wholesaler.At $200K you're NEVER going to get any interest from experienced rehabbers.This is also why you probably got no resistance or pushback from the seller.
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17 July 2024 | 16 replies
You'll have Craigslist, Biggerpockets, referrals, you can call title companies, and even other wholesalers if you have no luck finding a buyer. 50% of a deal by co-wholesaling or joint venturing is better than 0% of no deal.
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17 July 2024 | 8 replies
and to be clear - no, there is no obvious / effortless / low risk way to put funds into something RE-related with no experience and easily beat savings or CD returns right now.lots of folks thought there was and got burned.getting in right now requires patience and money.