20 February 2020 | 19 replies
I gave private, discounted, first dibs to the two people who are directly responsible in getting me started in real estate.
8 June 2019 | 12 replies
Only a few are offered at a discount to market price.
17 June 2019 | 18 replies
Lenders trust the ones they work with and discount the points so you never pay more.
5 June 2019 | 10 replies
(From your comment, it sounds that you manage the houses) Another factor to consider is that you actually get a discount on your property insurance when you use a licensed property management company.
5 June 2019 | 5 replies
I've looked at them since for appliance sets for my rentals but always found much cheaper locally - Appliance Direct scratch and dents (negotiated down) and Lowe's using discount gift cards and coupons with sales.
5 June 2019 | 8 replies
Always buy at a discount in expensive markets.
9 June 2019 | 4 replies
In my view, getting only a 10% discount to market value is not a good deal.
6 June 2019 | 1 reply
Anything you can pick up at a deep discount to wholesale will generally have a lot of problems.
4 July 2019 | 5 replies
850K contract price.ARV=1.1M (thus REAL ARV is 0.9 to1M)1M-850K= 150K ( I call this number the Rookie Profit , RP)THis is the rookie profit because all the rookie wholeslaers think that is the profit they will make.So now we are now at 150K profit.10% of selling price goes poof on fees taxes agent fees etc. etc.That is $100KWe are now at $50K profitAnyone selling a 1,1K house for a 300K discount WILL need at least, painting, new kitchen new bathroom, and that will cost you about 30K to 40KOK so now there is 10K of profit left.Keep in mind your fee is not even taken out yet.Now who in the right mind will dish out $850K in cash to make 10K IF NOTHING GOES WRONG.Again your fee is not taken out, and most likely whom ever buys is will buy it with OPM (Other Peoples Money), that stuff costs too.I would say there is absolutely no deal to be made.Far from it.Look the best range for flips is between 100K and 230K.
6 June 2019 | 5 replies
If the bathroom would be able to be used safely while the reno is going on, I'd just offer the tenant a bit of a discount for the inconvenience.