Again, you are living very close to your customers so try and set expectations clear from the beginning.What part of Texas are you looking in?

@Jerry Padilla I went from a cashier at a Grocery store and now I work as a call center representative I’m not quite sure if they’re in the same field but they both deal with customer service

Please.ThanksDanStep by StepPart 1: Attorney review, inspections and creditsThese are the initial tasks once a buyer is in contract, and are most often done in parallel to Part 2: The mortgage process: An offer is accepted by the seller and a contract is signed.

If you run into a jam, their customer service reps are really friendly.

It is pretty easy to figure out what type of neighborhood an area is based on school ratings, crime statistics, news articles, google/bing street maps, community review websites, and even just searching for the county or town in BiggerPockets. 

GeoffCosts Due at Closing Points: 3% of loan (one time) [only financed at 70% of ARV]Origination Fees: $1,020 ($400 document processing + general administrative costs, $575 legal fees - preparation and review of all documents, $30 application fee (charged at closing), $15 flood certification)Appraisal Fee: $400 - $475 (paid directly to state licensed appraiser)Insurance: ARV x .45% -- (paid for 6 months in advance before you close; can choose any insurance company as long as it meets minimum requirements HML has + lists HML as mortgagee on policy)Buying Closing Costs: 1% of purchase price (title insurance + escrow fees)Outside Costs (Holding) 4 Month Flip (120 days): 2 months of construction, 1 month on market, 1 month in escrow/title; plan for 6 months Monthly payments: 1% of loan Utilities: $230/month (varies; $125 electricity, $60 water, $45 gas)Property Tax: $3,000/12 months x number of monthsRealtor fees: 4% of ARV (multiple realtors that will list for 1%)Selling Closing Costs: 1.5% of ARV---------------------------------------------------------------------------------------------Example of House:Buy at $120kRehab at $50kARV at $230kCosts Due at Closing Points: 3% of loan; financed at 70% of ARV ($230,000 x 70% = $161,000 loan) $161,000 x 3% = $4,830Origination Fees: $1,020Appraisal Fee: $475Insurance: ARV x .45% $230,000 x .45% = $1,030Buying Closing Costs: 1% of purchase price $120,000 x 1% = $1,200TOTAL CLOSING COSTS: $8,555------------Outside Costs (Holding) Monthly payments: 1% of loan $161,000 x 1% = $1,610 x 6 months = $9,660Utilities: $230 per month $230 x 6 months = $1,380Property Tax: $3,000/12 months x number of months $3,000/12 = $250 x 6 months = $1,500Realtor fees: 4% of ARV $230,000 x 4% = $9,200 Selling Closing Costs: 1.5% of ARV $230,000 x 1.5% = $3,450TOTAL HOLDING COSTS: $25,190-------------Out of Pocket Portion for Rehab: $9,000TOTAL OUT OF POCKET COSTS: $30,095TOTAL OUT COST INCLUDING REALTOR FEES AND SELLING CLOSING COST: $42,745Calculations-------------------------------------------------------------Buy at $120,000 + $33,745 (costs) + $50,000 (rehab) = $203,745Sell at $230,000 - $203,745 (costs + rehab) = $26,255 (PROFIT)Cash on Cash $26,255 (Profit) / 30,095 (Total Cash Invested) = 87 %Return on Investment $26,255 (Profit) / $203,745 (Total Spent including all cost) = 12.8%

The high net worth portfolios that I have reviewed all have low leverage, some investors never sell property and continue to accumulate when the time is right.

Review their management agreement.

Hi everyone Just wanted to share personal experience using IKEA cabinets in my rental. I know it’s usually a debate whether or not to use them. Well after 2 years of renting.. still holding up fine with no issues! Jus...

If you frequently request compensation does Airbnb put a black mark on your account (besides a potentially bad review)?