
20 April 2020 | 2 replies
Repairs and CapEx combined at 8% conservatively 12% depending on the age of the property.1% rule at .89%.Cashflow 68 bucksROI 1.32%.Even if you do 30% downpayment you don't even get to 3% ROI.

14 May 2020 | 41 replies
So for us investing from afar, it was a combination of we could make our financial numbers work, there was a diversity of submarkets in one market & getting to Chicago was and is easy.
30 April 2020 | 4 replies
I’m having such a hard time getting the right person to take care of my Quickbooks and file taxes for my Real Estate investment business I’m in NJ and I had the same accountant for 25 years and he retired two years ago and I cannot find anyone that can get my books corrected, I have hired a virtual to rebuild all my QuickBooks for 2018 last year and it was a complete failure and now this year I have hired from LinkedIn to try to get 2019 corrected to move forward in 2020 and I can’t believe that its going badly once again, they are reconciling 2019 but the P&L makes no sense and I cant make a report that shows any individual properties expenses when I put every property in its own class before they came out with project tracking, nor can I see what my company expenses are minus the project costs.If that’s not bad enough my net after all expenses combined for the year are showing more then double of my income after COS, mortgages, ETC.Can anyone recommend a good accountant that has a staff to repair QuickBooks and file taxes for an investor that has rentals and flips?

22 April 2020 | 37 replies
This is establishing my REHAB budget, and it comes from step #13 - Combining Steps 1 and 2 gives me my Maximum Bid.4 - I make my offer based on Step 35 - When/If I get an offer accepted, I inspect the property during the 7 day inspection period.
21 April 2020 | 6 replies
This is due to the very unique combination of economic factors at play here, namely housing shortage.

18 May 2020 | 17 replies
TylerAlso, I am great at creating websites, running seo for site, graphic design for funnels or flyers, google ads, facebook ads, and marketing (thats my business I currently own and work in now) so if anyone would be willing to education for my value or partner up im open to that also.

26 April 2020 | 8 replies
@Todd NagelAs many others suggested, consult with an attorney prior to making any decisions.Also, decide whether you want your offering to be debt or equity investment or a combination of both.

24 April 2020 | 28 replies
If you refi you're likely going to have to pay points, higher interest and closing costs (or some combination of the three).

9 May 2020 | 76 replies
I've been talking to more lenders in the last few weeks than in the last couple years combined... but we have found a few with not-too-unreasonable terms, and we're exploring ways to use private capital for short-term bridge loans and then refi those into conventional loans.

22 April 2020 | 4 replies
No, only one assignment agreement necessary but that is where you need to be sure THAT agreement stipulates the total/combined wholesale fees and clearly instructs escrow/closing agent how much your check/wire should be of that total at closing.