Steve Smith
Transfering assets to kids
1 March 2024 | 28 replies
Do you have a business and a website?
Lily Rodriguez
Wholesaling Formula for offer price
1 March 2024 | 8 replies
For this example we will use 70% For this formula you will need to know the following:ARV=After Repair Value ( How much will the house will sell for after making all the repairs needed)Repair Estimate - (Send me a message and I can send you a list I got from my mentorship class for ball park estimates based on square footage and depending if you need cosmetic repairs, avarage repairs or Extreme repairs)Your Assigment FeeARVx.70 - Repairs - Your Assignment FEE = Max OfferExample$200,000 x .70 = $140,000 - $30,000 (repairs) - $10,000 (your profit) = $100,000 (offer)Your potential profit is $10,000 I hope this formula helps you make offers that will make sense for all involved in the transaction.Happy Wholesaling,Lily Rodriguez - Investor friendly Broker18 years in the business, and I understand it perfectly.
Matt Eade
Sibling Partnership and Seperate Property
1 March 2024 | 4 replies
Holding your single family in an LLC can indeed be ideal for tax purposes since businesses often qualify for more deductions than individuals.
Jacques Caspi
Finding a lender
1 March 2024 | 3 replies
Ask them how long they've been in the business.
Matthew Rolf
New RE Platform - "Roam'
1 March 2024 | 3 replies
Look into who started this company and its business template.
Andrew Bosco
Metrics when owning a hotel/motel
28 February 2024 | 4 replies
It will be a business and will be taxed as such.You will need to get with a CPA in order to quantify those differences.
Chris Webb
How long has your syndication been around?
1 March 2024 | 19 replies
Lots of syndicators got into the business in 2018 and 2019 and simply got lucky when cap rates dropped from 7% to 4%.
Alberto Cioni
Change of rent when we build an ADU to replace a small rented garage storage
1 March 2024 | 13 replies
I am a small business landlord.I am in the process of building and ADU in the backyard.
Andrew Bosco
Scaling a STR Business
27 February 2024 | 6 replies
Hey all, What would you consider are the MUST have tools to scale a STR business?
Humberto Valle
Buy and Hold Deal with a Bigger Pockets Client, Partner and Friend.
1 March 2024 | 0 replies
We financed the purchase through a local and trusted HML and partner, now friend and business associate, Mike, funded the bulk of the rehab.