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20 September 2024 | 0 replies
Hi - This is a pseudo-continuation of my previous post with purchasing a house.
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23 September 2024 | 15 replies
Hi all, new here at the forum and thank you all for all the knowledge you guys share…its amazing.I am interested in this question as well as we just got back into this from like 10 years ago, few things have changed for us, and the main one is finding deals with whole sellers, sometimes the price looks good, but once we add numbers we are currently seeing that everyone else in the deal makes tons of more money than us….for instance, we have checked properties now, where we pay closing cost, interest on a portion of the borrowed money, commissions after selling the property, etc and we see 30-40k going out on all of this, then we barely make a 20k profit or less on a property of 200k …many of the deal we found we barely get close to a 10-15% of the initial purchased price, which to me sounds like a lot of hassle and my wife says that i am getting old and too picky :)i keep saying that ideally we should shoot for 15-25% profit from the purchase price…if i get a property at 200k and the rehab is 50 and everyone else makes 30k then we should at least net out 30k as well.
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21 September 2024 | 1 reply
My adult son and I are co/owners of a duplex in west Oakland, CA.
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11 September 2024 | 4 replies
I recently started a direct mail campaign and am prepping for my second month's mailer.
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20 September 2024 | 3 replies
I want to help my son and his fiance get a mortgage but we would need to co-sign.
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20 September 2024 | 28 replies
@Bryan Melendez what do you mean by "My goal is to submit a couple of landlord applications" ?
20 September 2024 | 13 replies
I have started going down the road to do a DSCR cash out refi on a duplex (BRRR) I purchased last year with my HELOC, but not that far yet.
20 September 2024 | 7 replies
New member looking for tax advice on first RE deal.Looking to offset taxable income of my current business income while investing in a rental property.
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11 September 2024 | 8 replies
Hey everyone, my name is Joshon Foster I’m from NC.
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20 September 2024 | 9 replies
Newbie investor here looking to do my first actual investment purchase.