Aditya Veluri
N00b from Seattle, WA
5 May 2018 | 15 replies
It's rare, but occasionally you can find a value add play where you'd be buying into a property with much lower than market rents where you have to do a renovation in order to get higher rents, and then you can get the 1% rule.
Rachel Kokosenski
Creating Welcome Baskets
5 May 2018 | 11 replies
If you have a lower gross rental income per bookings (say $150 average booking for a small condo) and a similar $20 cost per basket, but that basket includes nothing that is tied to the identity of the property or makes it unique, it seems likely the repeat booking rate and likelihood of positive review will have minimal impact.
Jeff Moore
Agent Commissions too high?
25 July 2020 | 30 replies
If it’s a lower priced I always charged a minimum, which could be 6-10% just for the listing side.
Michelle Eisenberg
New member from California--Want to Invest in St. Louis, Missouri
9 May 2018 | 27 replies
Louis, MO due to the generally lower prices.
Jennifer Doyle
Cost to repair freeze damage
11 May 2018 | 5 replies
My costs tend to be much lower than most given our volumes but it at least will give you a barometer. 5k on plumbing sheet rock and 15k as worst case on mold remediation as a sight unseen ball park and you are under 20k worst case.
Sean Newcomb
PMI do you put 20% down or do you put 3.5% down
22 June 2018 | 16 replies
FHA is great if you're going to owner occupy 2-4 unit, but conventional 5% wins on SF-- the mortgage insurance cost is lower and easier to remove.
Phil Hartten
At what price point should I stop on Distress properties in SWFL
12 May 2018 | 4 replies
I have flipped over 35 lower end properties, but hesitate going to high in Naples and Ft.
Nate' Billingsley-Walton
Short-Term Capital Gain Tax
10 May 2018 | 5 replies
I am assuming that you are referring to the fact that as a house flipper you will be paying ordinary income rates rather than the lower capital gains tax rates.I suppose you can look at this as a penalty, but I wouldn't look at it that way.
Tony Marcelle
Where do they get the money?
9 May 2018 | 5 replies
The loan balance on some of the pre-foreclosure leads were way lower than the home value.
Patrick Philip
I just listed for free on Zillow?
11 May 2018 | 25 replies
Inventory is so low you want to leverage buyers anxiety.