Abdul King
Proof of Funds
20 April 2024 | 22 replies
Abdul - Proof of Funds (POF) is used when making cash offers and is as simple as printing out your bank account balance showing that you have the money in your account/name to cover the cost of the purchase.
Alazar Wubet
How do you source your deals? Long post
20 April 2024 | 9 replies
Most of these homes are "as is", so if you aren't very familiar with the costs of potential problems that you can't physically see (foundation, septic, etc.), this may not be a good place for you to source.
Quinton Sines
Wholesaling Real Estate
20 April 2024 | 10 replies
(Not easy to do without experience I know) but that's where education comes into play.Finding motivated sellers, being able to communicate effectively, problem solving, understanding of market values, and an understanding of rehab cost.
Derek Morrison
What Would you Do?
19 April 2024 | 5 replies
Pretty much everything I've looked at either:A) doesn't cash flow for about 15 yearsB) would cash flow if you bought it with cash, but at that point you could get much better returns investing that money elsewhereEven looking at house hacking it seems that the savings on rent (about 2.5k/month median) are outweighed by the significantly higher cost of purchasing property.
Patrick Shep
BRRR with 200-300k. Need advice
19 April 2024 | 3 replies
It would be a case by case but with increased rehab costs, commissions, closing, I’m seeing 70% you may have to leave some money in the deal.
Frank Barletta
Reviewing the Rental Market Opportunity in Parma, OH
19 April 2024 | 4 replies
Additionally, Parma's proximity to Cleveland enhances its appeal, offering easy access to urban amenities and employment opportunities without the higher living costs associated with larger cities.
Katrina E.
Best Lead Generator CRM
19 April 2024 | 13 replies
And for $50 a month plus the cost of skip tracing and sms campaigns it was not worth the amount of time I spent trying to figure it out.
Jarrett Fogelman
What’s your views on getting Solar Panels?
18 April 2024 | 27 replies
So Solar is actually costing me more monthly than if I stayed with electric.
Nick C.
How to use a Cost Segregation Study DST
16 April 2024 | 2 replies
As part of the tax documents I received from Capital Square, they included cost segregation study for each property.
Rick Mroch
Owner Finance for 2 year deal
19 April 2024 | 3 replies
If not, maybe ask for slightly more interest or fee, knowing that you'll have more time and cost involved if you have to take the property back.Is the buyer going to pay you monthly payments of 4166.66 for 24 months, or is this a smaller payment with a balloon?