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7 January 2019 | 0 replies
Wanted to introduce myself ...my name is Isidro...i am from California, i recently got offered an opportunity to get into the real estate investing by my landlord...he has been doing this for about 15-20 years and offered me to work with him...basically i find/generate him leads...he puts 100% of his money, we buy homes cash, if i work on rehabbing he will pay me an hourly rate, and in the end he gives me 40% of the profits...sounds like a fair deal to me since i have 0 liability, i am not using my own money and he is an experinced investor.
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14 January 2019 | 9 replies
Basically you need investors who have a lot of cash parked in a money market and aren't sure what to do with it --- the stock market is volatile but they know their savings are losing value every month because of inflation.
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9 January 2019 | 2 replies
In regards to learning how to determine what needs to be done, any advice on turning to online courses to learn the basics?
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12 January 2019 | 48 replies
You are in a situation that comes down to making a basic business decision.
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8 January 2019 | 2 replies
The $5k to $10k difference is basically your GC's overhead and profit to manage the project and make it worth their time.Here's what I would expect to pay if I managed it myself:KitchenCabinets Material: ~$4k or lessCabinet Install: ~$1kGranite Countertops: $1.5 to $2kSink & Kitchen Faucet, Disposal, DW & Ref Hookup $500Appliances $2kFlooring (200 sf x $6/sf) = $1,200Electrical/Lighting = $500?
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17 July 2019 | 7 replies
It's basically if there's something major discovered in inspection (and found during inspection period) you can just walk away.
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10 January 2019 | 23 replies
I used a MS program called Visio - it's a VERY basic cad-like program.
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9 January 2019 | 2 replies
Realtor.com, Trulia, and Zillow also work for basic searching, although I've found Zillow doesn't always have the newest information.
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9 January 2019 | 2 replies
Ideally you want a property that, if you put $0 down still had a positive cashflow, otherwise you are basically just buying cashflow with your downpayment.
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9 January 2019 | 2 replies
We are also working on seller financing for part of the cost to lessen the amount needed to hit 20% as we don’t think it makes sense to pay PMI here. basically thinking ill make monthly payments to them over the next 2 years.