11 September 2018 | 11 replies
I was hoping it'd be 20% of invested cash in profit, so not sure if I'll still invest in a year or two, or just pay for a house almost in full and atleast thats a huge expense off my plate for life.
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11 September 2018 | 23 replies
paying recapture is the most NON talked about event on BP or in real estate.. and why when folks talk about buying for only cash flow and appreciation IE speculation or gambling those folks totally miss the point and do not have a full picture of the Lifecyle of a real estate investment.. if you have NO appreciation your recapture tax is going to eat into your IRR in a negative manner.and for a lot of folks to 1031 one little house with 20k coming out of it is hard to do.. since the house never went up.. the other thing is people that say they are buy and hold forever.. this rarely happens.. life happens life changes.. and so 7 to 10 years down the track MOST folks unless they have decided to make it their lifes work IE be a full time professional landlord.. they sell .and then that pesky recapture they never knew about or thought about bites them .. :)
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9 September 2018 | 3 replies
I keep a bucket full of the extra slats from when I shorten them to fit, just in case someone breaks one or a dog chews on one.
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1 December 2018 | 13 replies
My driving goal is to cash flow.Based on how hot the market is in the area I am looking at, most houses sell at 95% of list price within 30 days, should I be offering full price and just slowly building cash flowing properties until the market cools off?
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9 September 2018 | 1 reply
He wants us to eventually re-finance the property and pay him in full.
9 September 2018 | 8 replies
she wrote a letter saying she has no problem paying the full price but her loan is only approved for 150k.
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9 September 2018 | 1 reply
I use these frequently and see sellers very open to them as opposed to a full inspection contingency.
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16 September 2018 | 27 replies
In NE Florida, jax, all auctions have gone online, 5% down, 95% rest is due noon the next business day, via cashiers check, bag of cash maybe..the big boy players store their 100% full cash with the court account already....ive also heard local escrow account will wire that morning too, which makes sense, .......Im interested in auctions, but until i am 100% all my own cash, i feel it is almost impossible to get a hard money lender to move 95% of the cash by noon the next day...no way.... to me, you can pretty much rule out using hard money all together to fund online auctions...they don't seem to go together.. it is 100% liquid own cash or private money ready to wire from escrow..
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27 December 2021 | 33 replies
Stessa tries to populate this column automatically where it can but doesn't fight you with manual changes.Without a better solution I will need to pair stessa with other great services for rent collection and property management.I guess I've been spoiled with mint.com and personal capital finance.
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9 September 2018 | 0 replies
Josh Dorken and Brandon Turner recommended creating the meetup to network with investors and it is working.I am still attending other REIA's but this one is full of new BP members helping other new BP members.