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17 July 2024 | 16 replies
You'll have Craigslist, Biggerpockets, referrals, you can call title companies, and even other wholesalers if you have no luck finding a buyer. 50% of a deal by co-wholesaling or joint venturing is better than 0% of no deal.
21 July 2024 | 1 reply
Hello,I recently closed on a BFD deal and looking for direction on correctly setting up journal entries, to make it easy at tax time.In a nutshell...We hold a mortgage on the property with a principal of $150k, 4.25%, 30yr amort (liability)The BFD sale price was $300k, with a $45 downpayment, $255k financed at 5.5%, 25yr amort, 3yr balloon (asset).All transactions are run through an escrow agent, and we just collect the net difference monthly (~$325 or so).
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21 July 2024 | 16 replies
deal flow getting deals good enough leave enough forced equity to get your cash back at refi pretty simple concept.2. cracker jack rehab crews that can get these turn overs done in time and on budget.3.
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22 July 2024 | 15 replies
Research emerging neighborhoods, find properties using MLS, Zillow, and Redfin, explore financing options, form partnerships, analyze deals using BRRRR calculators, and manage the rehab process.
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19 July 2024 | 25 replies
I specifically need really user friendly accounting features (including ability to sync with quickbooks and print checks directly from the site/software), customizable online application, and online rent-pay as an option (hopefully with free or very cheap ACH).
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21 July 2024 | 18 replies
With media giving Florida condos a bad rap right now it can mean finding the best deal in 5 yrs on one.
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22 July 2024 | 9 replies
Figure out the appropriate price point and you can determine which deal makes more sense to you.
21 July 2024 | 15 replies
@Luka Milicevic makes an excellent point: the Greater Nashville area is tough on rookie investors because housing prices are too high, rents are too low, and it’s hard to find deals that pencil out.If you’re open to investing in areas outside (but still close to) Nashville, I’d suggest checking out Chattanooga.
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17 July 2024 | 0 replies
Looking for some opinions on what to do with this deal.
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18 July 2024 | 8 replies
Hire someone cheap and you'll suffer for it.If you are "breaking even" after all expenses and maintenance, then you probably can't afford to pay a professional to handle the marketing and screening.