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Results (10,000+)
Vonteriez Evans What is a great way to find your Arv/Mao ?
6 June 2019 | 1 reply
Best way to do it is to use it is to search by zipcode then narrow it down with the filters to get an accurate assessment of what houses sold for in a particular location.
Rizwan H. CIREIA Membership Feedback
16 June 2019 | 8 replies
They also run a weekly radio show.CIREIA just purchased its own building so that they don't have to rent even space from others, and I know they are working on doing more classes because they have the flexibility to do so.I believe what Ross was saying about it being very different in the past is accurate.
Kristopher Lamy How to properly assess Personal finances
7 June 2019 | 2 replies
How do i properly assesss my personal finances to accurately determine the ceiling on the deals that i can afford?
Laura Gilles How this multi is heated and trying to figure expenses.
7 June 2019 | 2 replies
Not sure how to figure expenses except to use comps but that won't be accurate
Robert Freeman wholesale assignment fee
7 June 2019 | 2 replies
You have to:Run comps and have an accurate assesment of the ARVWalk through the property and determine the repairs accuratelyPut the property under a legally binding contract with earnest money deposit (and please - not $10 EMD but something serious - like $5,000 for a $789K property)Your wholesale fee will be based on how much your buyer is willing to pay for the building less what you have it under contract.Here's an example:If the ARV is truly $1.5M and let's say, the repairs is $300K, then, you will have a rehabber-landlord who might be willing to pay:80% x $1.5M - $300K = $900KThe difference between $900K and what you got it for is your wholesale fee or about $100K
Markesha Smith Our First BRRRR [Calc Review] Help me analyze this deal
8 June 2019 | 5 replies
Don't do this deal until you've done that much at least.Is the $40k repair costs accurate?
Mauricio Duarte QuickBooks Help - Accounting for Returns
8 June 2019 | 0 replies
Instead of showing total expenses of $990, I'm still showing expenses of $1,000, which is not an accurate representation of my expenses, even though the P&L DOES balance.I searched the Web and found that it is possible to assign the bank deposit to Accounts Payable (instead of COGS).
Account Closed Best lesson you've learned with single and multi family rentals?
12 June 2019 | 22 replies
Make sure your numbers are accurate and don’t fudge them to make the deal look better than it is.
Lorenzo Harkins How long should I wait for a contractors bid ?
11 June 2019 | 1 reply
When I ask if there are any updates for me I only get a “I’ll get back to you with it tomorrow”.... what’s the estimated time it takes a contractor to complete a accurate bid for a full rehab?
Sarkis Gezalyan Is there still a market for flipping?
5 July 2019 | 7 replies
There is no "article" you will read in the media that has any accurate information or statistics about the business of flipping as it occurs in the real world.There will be better times, there will be worse times, but there will always be a market for buying a rundown house and fixing it up to resell it.