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29 February 2024 | 8 replies
Due to my other business, I know good contractors/subs, understand contracts/scope of work/etc and believe I can fill in any gaps through REIA networking if need be.
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28 February 2024 | 2 replies
Understanding the price per unit can help you make informed decisions about renting or buying in the building.
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1 March 2024 | 3 replies
Although I plan on having a title company run a title search and run and O&E report on any property I plan to bid on, I've still spent a lot of time understanding the typical foreclosure property due diligence- looking up the owner and property details on the PA site, looking up the various public records, liens, etc. and trying to understand the chain of title as much as possible.
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1 March 2024 | 2 replies
@Vinh NguyenI am not an attorney but as I understand it, if cash is accepted as a portion of a home sale that isn't reported to the government, it is considered tax fraud.
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1 March 2024 | 8 replies
For this example we will use 70% For this formula you will need to know the following:ARV=After Repair Value ( How much will the house will sell for after making all the repairs needed)Repair Estimate - (Send me a message and I can send you a list I got from my mentorship class for ball park estimates based on square footage and depending if you need cosmetic repairs, avarage repairs or Extreme repairs)Your Assigment FeeARVx.70 - Repairs - Your Assignment FEE = Max OfferExample$200,000 x .70 = $140,000 - $30,000 (repairs) - $10,000 (your profit) = $100,000 (offer)Your potential profit is $10,000 I hope this formula helps you make offers that will make sense for all involved in the transaction.Happy Wholesaling,Lily Rodriguez - Investor friendly Broker18 years in the business, and I understand it perfectly.
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2 March 2024 | 10 replies
Interest rates are one variable of many that make up good investments and investors that understand that and work alongside it will be able to continue to create palpable returns.
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1 March 2024 | 9 replies
It's a great market if you take the time to understand it.I have 14-doors there now and happy to share some resources if that's a market you're interested in.
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1 March 2024 | 6 replies
Especially since I understand this project requires a variance.
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2 March 2024 | 16 replies
When you buy this triplex, you are only our of pocket $500/mo for a similar quality of life, that equates to "$1,000 net cash cash flow to you", since you are effective saving $1,000/mo versus your current living situation.Hello Evan,I don't know why - but I really understand and appreciate your evaluation of my situation here.
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29 February 2024 | 10 replies
Normal/standard colors are fine and will be rented out fast.