Shiloh Lundahl
How important is CASH FLOW if it is a 3-5 year play?
29 June 2018 | 18 replies
Our strategy is a 3-5 year flip that when you add up the cash flow, the tax savings from depreciation, the mortgage debt pay down, and the fact that we bought it under market value and that we are selling it on a lease option so we don't need to pay realtor fees and have minimal closing costs, our average total profit over a 3-5 year period is round 60k per property that my partner and I split.
Kimberly M.
Tenant wanting to pay a year in advance
25 July 2018 | 32 replies
There's a lot of red flags on this and I would personally move on.If you still want to pursue it after looking at their background and credit report, might I suggest a higher security deposit or pet fee up front.Still, there's always better tenants out there for you.
James Edwards
Appropriate Fees and Deposit
25 June 2018 | 3 replies
Curious what everyone charges for deposit, misc fees. late fees etc. $900 month rent.
Patrick Rowe
Commercial Loans Vs Conventional Loans
26 June 2018 | 7 replies
Obviously, you should consult with your CPA and lawyer (trust me, pay the fee, it's worth it).
Account Closed
$500 Referral - does it work?
28 June 2018 | 5 replies
I guarantee when that person gets their first referral fee they'll search even harder for you next time.
Jackson Pontsler
Do Realtors care about wholesalers
27 December 2018 | 18 replies
Agents don't like to work with wholesalers because the nature of wholesaling is to get a property under contract for a price that leaves room for an end buyer to pay a wholesale fee, and also has some room for the end buyer to make some money in the deal.
Lesley Resnick
Looking for creative deal idea
1 November 2017 | 4 replies
Lenders are so efficient it is on the auction block where buyers have to pay 5% hammer fee to the firm and bank to acquire a property at market price.
William S.
My CapEx Projections on SFH (Based on Actual Numbers)
1 November 2017 | 0 replies
That falls right into line with some of the articles on here which suggested around $180/m per house.This house is in good condition and I still result with a fairly high budget.After all of my expenses (mortgage, taxes, insurance, maintenance, vacancy, pm, lease fee) I am left with a Net Cash Flow of $180/m.
Tyler Hiatt
What are you looking for in a Real Estate Agent?
4 November 2017 | 6 replies
I also want one who is willing (for a fee, of course), to complete the paperwork for me that the wholesaler won't, in order to finish my transaction.
Garrett Masiulis
Buy in personal name and transfer to LLC?
1 November 2017 | 1 reply
I think holding in your personal name with an umbrella policy may be similar risk wise to holding the property(ies) in an LLC but with perhaps lower overall costs after factoring minimum taxes and fees associated with an LLC.Perhaps an atty could tell you what the process would be for transferring properties into an LLC, but I don't imagine it would be difficult.