25 April 2011 | 2 replies
What it sounds like from the local "in the know" CPA is that the following "related party transaction" should occur as follows:1 Agent and 501(C)(3) enter agreement dictating that a specific amount of money will be donated by agent from "qualified transactions".2) RE agent generates a commission from the sale of a "qualified transaction".3) Agent donates predetermined amount of money to 501(C)(3).4) 501(C)(3) realizes this income as non-UBI, agent expenses the amount paid, so there is no negative tax implication for either party.Does this sound plausible and accurate?
6 June 2011 | 4 replies
How does one go about getting accurate lease rates in the area?
27 April 2011 | 6 replies
You could even sell it later with owner financing or lease option... but if it looks like a gamble (you have no solid numbers and you are just hoping that it'll work out) - don't even touch it with a three foot pole and stay away.What are the "mixed units" ?
13 May 2011 | 19 replies
You will spend a lot of money mailing to address that are no longer accurate.
28 April 2011 | 13 replies
I may be bias, but I persoanlly believe that wholesale buyers are better served doing business with my on my deals than someone else because I have the knowledge and experience to provide proper and accurate numbers and provide deals with good spreads so that the wholesale buyer is profitable.What are your thoughts on buying a wholesale deal from a rehabber?
2 May 2011 | 4 replies
I looked at comps in the area and the ARV is accurate.
3 May 2011 | 3 replies
The price/sf method is less accurate in my opinion.I will factor in short sales and REOs but won't use them as a direct comparable, unless it's been totally renovated.I use pendings and actives to either push listing price higher or drive it lower.
24 May 2011 | 9 replies
Its not a horrible deal at $95K, especially if it only needs the minimal fix up he is speaking of, but sellers are usually not 100% accurate on needed repairs (especially if he is a long distance owner).
1 December 2017 | 18 replies
We try to keep the Sold/Available status accurate by following up on deals on day 7, day 26, day 45, day 75, day 120, and day 160.
5 June 2011 | 5 replies
Assuming your rent assumptions are accurate, assuming there is no major differed maintenance issues, and assuming there is nothing out of the ordinary that would impact your NOI (such that your expenses were much more than 50%), this deal sounds great from a purely financial perspective.Obviously, there are other considerations (location, management, etc), but again, just looking at the numbers, it looks good on paper.