Paul Strauss
Deal Analysis- What to Look Out For When You're New
28 March 2010 | 6 replies
Don't worry- I'm not going to name names or provide details-- but here are the numbers:$32K asking price$10K estimated rehab costs$55K ARV (After Repair Value)ASSUMING (and we all know what happens when you assume) that the rehab costs are spot on, and there are no carrying costs (carrying costs: mortage payments, utilities, non-owner occupied property insurance, property taxes, etc) because you rehab and sell it in less than 30 days...AND ASSUMING you sell it yourself and there are no realty commissions because miraculously you found a buyer in 30 days or less who is going to pay FULL ASKING PRICE in cash, and naturally this unicorn doesn't have closing costs, either- oh, and ALSO not using a broker, your AMAZING pre-tax profit would be:$55K sales price - $42K = $13KSince we're assuming things, let's talk about what you can REALLY assume:Assume your rehab costs run $12,000 (don't think an estimate can reasonably be off by 20%?
Joshua Dorkin
Real Estate Demographics: How Many Real Estate Investors are there?
17 September 2016 | 20 replies
Now some number of these rents and royalties are not related to real estate (e.g. natural gas/software/invention royalties, tool rentals, etc.) so 11.8M represents the 'top end'.
Joshua Dorkin
Getting rid of ants without harsh chemicals
21 April 2018 | 30 replies
cucumber peals or lemons.check out this articlehttp://www.planetnatural.com/site/xdpy/kb/natural-pest-controls.html
Jason K.
proper assigning procedure
6 April 2010 | 5 replies
What is the normal contract assigning process?
Please critique and/or correct my assigning technique before I get started.
In my opinion, before I get a contract with the homeowner, I'd at least like to know that I'...
Larry Moore
If you can't convince them, call them stupid.
25 November 2010 | 90 replies
We have these people who are willing to dedicate (and risk) their lives by going behind enemy lines, by going into war zones, by going into areas hit by natural disaster, etc...and the stations they work for don't have enough respect for journalism to report the news in an honest and ethical manner.
Timothy W.
Medicare Cancels coverage on a mother with cancer - 1 week before life saving operation
19 April 2010 | 13 replies
You only provided one government example, but statistically, if you're in the top 1% of patients who require private health insurance funds for procedures, there is about a 50/50 chance that your private health insurance company will find a reason to drop you...
Chris Sills
Rehab Pitfalls...coulda shoulda woulda
30 May 2010 | 46 replies
Three things to keep in mind:1.It will cost more than you think2.It will take longer than you expect3.It won’t sell for as much as you hopeRehabbers by nature tend to be optimistic.
Jeff B.
Detroit City on Dateline April 18
22 April 2010 | 12 replies
It takes about 30-40 hours of labor (not including the mining of the natural resources, etc) to build a car, and the average unionized auto worker makes about $60-75/hour.
Nick J.
Bank Of America Conference Call, DON'T MISS THIS!!!
3 June 2010 | 59 replies
I agree that yesterdays procedure is not todays rule.
Kyu Kim
ur thoughts? small time investing
28 April 2010 | 4 replies
You cannot legally create a partnership and then solicit investors, regardless of the investment amount, without following the legal procedures.