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23 May 2024 | 5 replies
If you are uncomfortable investing your own cash, how will you convince others to invest their money?
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20 May 2024 | 0 replies
With your permission, please allow me to go first.There was a time when I believed that if you didn't come from money, you couldn't get anywhere.
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23 May 2024 | 2 replies
I’ve got a distressed and on-market house that was recently completely renovated until the couple ran out of money (all of the heavy lifting has been done, just a few things left), and it is listed well below market price compared to surrounding comps I could find.
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20 May 2024 | 6 replies
I put down all my money on this deal.
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20 May 2024 | 4 replies
I'm wondering if there is a typical amount to put down as earnest money?
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23 May 2024 | 5 replies
Quote from @Aroldo Gonzalez: If you borrow money from your current property, that will increase your debt and reduce - and possibly eliminate - your cash flow.
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24 May 2024 | 11 replies
If your potential numbers already look good, you most certainly won't regret the money spent on a designer!
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24 May 2024 | 6 replies
Rather, it will be considered earned income... and if you have losses especially the first year with a bunch of start up costs and depreciation... and if your money is at risk (let's assume Yes), then this business venture can offset (or add) to your W-2 income.This is how short-term rental loophole works.
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23 May 2024 | 6 replies
So, looking at the flips I take on, with anticipated profits in the $70k+ range, the setup costs alone are eating nearly 20% of your potential profits, and that is before any real splits with your investors, leaving both your investors and you with not a lot of money left to spread around.A fund could work, but typically, for the economics of a syndication/fund structure to work, you are looking at several million of equity, leveraged up to high single millions, if not into $10+ million range for their to be enough money to make it worth everyone's efforts.