Our experiences taught us about equity, the intricate dynamics of neighborhood politics, and the resilience required to offer comfort and shelter in the face of adversity.The property became a haven for individuals and families striving for a better future—students pursuing higher education, young professionals embarking on their careers, and families caring for loved ones.

@Juan De La Garza It wouldn’t surprise me at how crazy the market is, but no, you should be able to fill out an NDA and get financials, THEN you can decide if you want to submit an LOI or offer

I’m now going to share them with you to help you assess and compare the offerings from the different developers.1.

How can I get the most accurate rehab cost before making an offer?

A more streamlined approach, which still offers a significant degree of protection, would involve grouping properties by state under separate LLCs, as I did.As you delve deeper into real estate investment, you may also want to explore syndications and private placements.

By the end of today you will have an inbox full of "gurus" offering you courses and mentorship on how you can build a multi-million dollar real estate portfolio without using any of your own money!

I subtract that from my offer and run my numbers as:Rent (estimates from the MLS on closed rentals in the last 3-6 months; we have access).Insurance (we go to an independent broker; who happens to work for my company, so we bid everything out to dozens of insurance companies for some estimates)Taxes (we challenge them after a year of owning)Water/common chargesWe do not add PM fees as we manage all of our properties ourselves. 

I'd plan to offer him a cash offer of $900k, or $100k cash down and he take back a note for $1.3k.   

Real estate offers by far greater returns, but is also by orders of magnitude more work.

Made this offer a few times over course of 6 months and gave up on it and the seller came back with favorable contract.