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22 October 2024 | 12 replies
If this was a million dollar piece of land, thats an issue.
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21 October 2024 | 176 replies
Your dollar will be worth less than an Indian Rupee.
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20 October 2024 | 3 replies
Also, you probably have several thousands of dollars in furnishings that you need to recoup.
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21 October 2024 | 13 replies
Our medium term rental on the west side we have just lucked out with and have a tenant paying top dollar and he keeps extending.
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23 October 2024 | 28 replies
That is key IMHO.As far as furniture, OfferUP, Facebook Marketplace and Craiglist has a TON of USA made furniture for either free or pennies on the dollar.
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26 October 2024 | 25 replies
It's bigger than just a dollar amount.
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22 October 2024 | 15 replies
I was fitting this into an awkward schedule.The Facebook group was welcoming and fun to lurk and read posts, getting a feel for the community.Contracts in the document library were great – but overwhelming (you’ll see this phrase a lot)This was a main value for me – hiring lawyers to write contracts without knowing potential pitfalls or where I could/could not protect myself was a major concern.These contracts are worth the price of admission and only available w/in community.These contracts cover Joint Ventures (JVs) between parties, Creative Deals and non-creative deals, WRAPs, RVs, Automobiles, Leas Options, Wholesale Assignments, Hybrid docs and more.I haven’t actually gone through all of them yet.Tens of Thousands of dollars have been spent refining these contracts and just having access to this library was worth the price.
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20 October 2024 | 32 replies
Another thing be prepared to spend rehab dollars to fix it up for rent or resale after foreclosing.My experience for average tax deed rehab for rent is $5-15K. rent for $900-$1000/month.winning bid amount $14-32K.Rehab cost for sale; cost between $25-92K , sale for $90-250K, winning bid amount $15-60K.
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22 October 2024 | 23 replies
The capital to deploy higher than the Midwest but the margin dollars and compounding is higher.
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20 October 2024 | 84 replies
It will cost you to access/use it.100% equity means you are paying full price for the property. 20% equity means you are buying a property worth 5 times what you are paying for it.As your equity increases from appreciation, it increases 1 dollar for every 1 dollar of appreciation...which means the equity is losing value.If you take all your cash and buy one property all cash, you get one property and one source of CF.If you take the same cash, at 20% DP, you can buy 5 properties...meaning you have a total PV 5 times more than an all cash deal.