Hello everybody I’m getting ready to close on my first property.

My wife Karolyn and I started Real Estate journey in April 2021 with bigger pockets, and we have since closed on 75 doors, Multifamily and Single Family.  

After closing costs and any other fees, you're losing money.- Worst case scenario, $150k purchase, $40k rehab (or more), $170k value, you're losing a lot of money.IMO, I would pass and look for better deals. 

Thanks for this info, used for deal analyzing and will be calling agency to get a quote just to see how close these numbers are/aren't. 

Thanks to super weak governance during the BLM riots Antifa and homeless.. allowing open air drug use ( legal drugs) and the killer theft under 900.00 is not enforced causing rampant thievery and many stores to close kind of like We see in the mid west and rust belt when neighborhoods change and retail exits as its not sustainable.

We start with the ARV and back into the target price we're willing to pay by subtracting out the rehab budget, contingency reserve, profit margin, buy and sell side closing costs, and holding costs for the time value of money.

This entails locating appropriate properties, assessing them, putting in an offer, carrying out due diligence, closing on the property, relocating and leasing it out, and maintaining the property.Start by looking for duplexes or multi-unit buildings in your desired neighborhood that are occupied by renters.

There is nothing wrong with closing 1 deal every 3000 leads, there are tools meant to speed up that process.

I can help with cold calling.Cost per lead is usually going to be in the $20-$50 dollar range (assuming a VA cold caller with native English) and a cost of about $0.20 per record for them to call potential motivated sellers (high equity, certain age, etc).CAC is going to depend on your conversion skills, but within 3-6 months can be $1500 to $5K depending on how many leads it takes you to close them.

Just for the accidental times when they have the bathroom heat off because its hot out and they go on vacation for 3 weeks with the door closed and the temp here drops under freezing.