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3 October 2024 | 15 replies
Presenting a solid business plan can help you secure funding from private sources.Whichever option you choose, make sure to run the numbers on the flip to ensure it’ll be profitable.
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30 September 2024 | 10 replies
Same for multi- 65% leverage is pretty common right now, but I even see some pitched at 50-55% leverage.I will say almost everyone lies on the syndication presentations, or they make it look really good.
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30 September 2024 | 47 replies
I had to rely on my new real estate agent to find another contractor, adding unnecessary stress to the process.The deal I was presented with had an ARV of $120,000, but after the rehab, the appraisal came in at only $92,000, leaving me short by $28,000.
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1 October 2024 | 6 replies
From the info presented here he's a crook. " likely copper bad too"???
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30 September 2024 | 1 reply
Fast forward to present time, I never got to complete the house and lost over $200K on the deal.
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30 September 2024 | 0 replies
It's not the most exciting part, but future-you will thank present-you for being prepared.
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27 September 2024 | 11 replies
I am in the process of putting final touches on Irrevocable Trust and Delaware Holding LLC with my attorney.
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1 October 2024 | 9 replies
Many flippers use private investors to fund deals, and structuring the arrangement properly is key to ensuring both sides feel secure.When pitching a private investor, the most important thing is to clearly present the deal.
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30 September 2024 | 9 replies
What they will do if your DIY-ed cost segregation is audited is they will send you an engineer (you pay travel costs) to conduct a "real" cost segregation study and present it to the IRS instead of yours.5.
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27 September 2024 | 6 replies
We charge one month rent and one month security deposit before move in (make sure payments have cleared before turning over keys) One month security is max allowable by Delaware Landlord Tenant code.If they have a pet you can charge a pet deposit (again, by state code, DE you can charge up to 1 month rent)If separately metered utilities, make sure they've transferred them into their name by providing account numbers and also a copy of their renter insurance before move in.Good luck!