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22 November 2015 | 4 replies
A majority of subscribers are just getting going with R.E. so it makes sense to target that kind of investor.None of it has the kind of content I am interested in which is more advanced topics but that is only a small part of BP.
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27 March 2016 | 53 replies
Bottom line, RE gurus make the majority of their money by telling others how to make money in real estate but not actually doing it themselves.
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24 November 2015 | 3 replies
Credit Karma (Free) is also a great site if you are not already on there as they provide insights into all three major credit reports and provide you tips about what is really dragging you down.
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2 December 2015 | 10 replies
This is also how I would sell him on the deal.Estimated Minimum Closing Costs $5,500.00Estimated Closing Costs Based on Prop Value $5,500.00 Repairs/Construction $10,000Total Loan with Seller Concessions $100,000.00 % Down Payment 20.00%Down Payment $20,000 Remainder of closing costs $15,500.00 (this assumes you are paying for the renovations out of pocket)Total Due at Signing $35,500 Mortgage Rate 4.75%Length of Mortgage in years 30Monthly Mortgage payment $417.32 Taxes $100.00 Sewer and Water $- Trash $- Heat/Utilities $- HOA $30.00 Cap Ex and Ops $150.00 (this is your future roof replacement, hot water tanks and other major items)Insurance $250.00 Mgmt Fee $140.00 Vacancy $113.40 Total Expenses $1,200.72Total Revenue $1,400.00 Cashflow/month $199.28Cash on Cash Return 6.74%
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24 November 2015 | 4 replies
Now the owner is saying that she will take the majority of what we give her for the house and give the tenants whatever is left.
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14 June 2016 | 7 replies
Have my first deal in my sights but it needs major foundation repairs and an possible deal breaker on an otherwise great flip.
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25 November 2015 | 4 replies
I have limited cash at this point so I am looking to partner with an experienced rehabber to learn from so that I can learn, make a small percentage of the profit, you make a majority of the profit and the wholesaler can make some money and get rid of the property.I have a relationship with a seasoned broker/wholesaler that I am learning from but it requires that I put all the money up front and I am just not to that point yet.Message me if interested and let me know if you have done this before and I would like to see how your Joint Venture agreement might look like.
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24 November 2015 | 4 replies
AND....The VP that I built major rapport with has now moved up in rank and is now the President!
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14 April 2016 | 61 replies
These were a great place to park the cash we were building up to purchase our first property, as their weren't many major price swings and you have a 5% cushion/hedge if you bought at the wrong time.