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25 June 2015 | 4 replies
Deal size also matters.
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22 June 2015 | 3 replies
We have thought of purchasing your property because we are very happy with the size of it as a starter home, and can see our family staying here for many years to come.Finally we want you to take into consideration that we will continue to make our payment of 725 for the remaining 35 thousand dollars that we will owe, which would be paid off in less then five years.
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23 November 2015 | 6 replies
Hopefully it’ll bring some of the on campus students to downtown also to help business.Across from the funeral home in downtown is a pretty decent size abandoned lot that I was looking into purchasing, after some research I found out it was actually purchased by the city a few months prior to me looking, so there’s plans in the works.Now with regard to Pontiac...
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29 June 2015 | 8 replies
Myself and my friends have been trying to push through a good portion of the podcasts, and I myself have been trying to read many books that have been recommended for real estate. i've only gotten through a couple, but i'm working my way through.
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23 June 2015 | 5 replies
Is there any way I could market the property at a higher price than it is listed at and keep a portion of the difference?
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24 June 2015 | 3 replies
Remember a while back a wrote a post regarding partnerships and investing styles; well I thought I am a very good communicator and have been quite forthright with my partner on such things as my vision on the properties, rent portion, etc all which my partner indicated he had no ideas and everything I propose sound great.Shortly, thereafter he went rogue!
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30 June 2015 | 44 replies
And that is what is needed if your going to buy a home at discount or pre foreclosure etc. and your skill set can be what you learn and then what you craft for your PERSONALITY not one size fits all.But there are certain trigger lines.. you have to learn to not sell past the close .. you have to know when to shut up.. you have to be able to lead them to the conclusion you want.. and again ASK for the order...
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26 June 2015 | 7 replies
Biggest difference in similar price points would be size of house and size of property.
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26 June 2015 | 10 replies
Not to mention you can pocket a nice portion of commission when you start buying.
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23 August 2020 | 4 replies
Below is my analysis:Assumptions:3/2 rents for $1900 (varies between $1800-$2300 depending on location/lot size)3/2 ARV $300K (low end of market)Hard money purchase @ 11%, 4 points3 month rehabPurchase/Holding/refi costs ~ $20kRefi @ 7% 30yearYearly operating cost $6000 (includes property taxes)Unit is rented out immediately at completion of rehabNumbers after purchase:Rent: $1900Average operating expenses: $500Minimum cash flow: $200Left over for Mortgage: $1200Refi max: $180kLTV: 60%Numbers for purchase:Hard money max: $160KRehab: $20k (out of pocket)Purchase/Holding/refi costs: $20kMax offer: $140k <----------Purchase price to ARV: 46.7%How do my numbers look?