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9 September 2018 | 4 replies
But of course everything is free online if you would rather study that way.Make sure you are utilizing you local library!
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8 September 2018 | 4 replies
For flips, I excel in valuing the as-is and as-repaired values and produce forward looking valuations based on market trends.
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5 September 2018 | 4 replies
So i can see your point about making those 70k produce more on a similar deal and make more.
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11 September 2018 | 42 replies
So here's a rough number breakdown. purchase $1,500,000Loan Amount 1,300,000Rehab+holding+closing costs $115,000ARV 1,900,000new Loan (20 year, 6.25, 5 year)- $1,560,000Cashout portion- $260,000Cashout- FFFF (friends, family, facebook friends)= 10,000Money in deal = 45,000Rental Side of Things (by month)Current Income- 27,000/m (Proforma is 31,500 since I had to rush rent out)Expenses- (Utilities, Taxes, 25% Vacancy/Management/CAPEX, insurance, etc)- 12,500/mDebt- 11,400/mNOI- 3100/mSomething like that at leastFor the other questions that may pop up:I self manageI doubled my portfolio in one dealI was my own GC for the projectI still have a full time job in securities tradingI worked 110 weeks for 2 months straightI am burnt outI hit a lot of roadblocks including getting sued, vandalized, robbed, and threatenedI had a lot of physical blackouts and emotional breakdownsMy outlook in general on people is definitely more negative However I am also ready to move onThis post was very much to speak on an experience and tell a story.
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5 September 2018 | 7 replies
Facebook marketing to this demographic could produce returns, but it isn't too effective because the majority of those home owners are not on Facebook actively.
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10 September 2018 | 19 replies
They produced documentation for the POA and record of $65k transfer before the quit claim to current owner.
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12 September 2018 | 36 replies
Seems high for pinellas county unless you are paying utilities for both units?
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6 September 2018 | 4 replies
I recently reviewed a list from a local township, and it looks like more than real estate taxes are considered with regard to tax liens (e.g. water/sewer, public utilities).
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8 September 2018 | 30 replies
I like the idea of the tax benefits of actually owning income producing real estate )as opposed to REITs), but if I have to screen tenants and answer calls about leaky toilets it does not make sense to me.
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21 May 2019 | 4 replies
If so, call the utility company and see if they'll give you a year's worth of charges.Lawn / Snow: $100+/month depending on the lot, etc.