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19 September 2011 | 4 replies
You'll still want comps, but you can have a pretty close estimate just by looking at the info on the house.Or, did someone tell you wholesaling was quick and easy :-)?
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21 September 2011 | 3 replies
Yeah, sign of motivation and a list that is not likely to be marketed to very heavily since it isn't super easy to get.A lot of the liens are like 5k, 10k, 20k range... so not deal killers I wouldn't think as long as there is a good bit of equity in the propery.
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26 October 2011 | 6 replies
I am half anticipating that there may be some issues in that I am in the middle of this other deal and traditional financing might not be that easy to guarantee.
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3 October 2011 | 7 replies
They are easy and quick to get, and quick and easy to sell.
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6 October 2011 | 4 replies
If you could explain what "witthough the same realtor" means it would be easy to answer.
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6 October 2011 | 7 replies
Anytime I can secure easy funding for more than I can earn - its a great deal!
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4 October 2011 | 15 replies
For instance, a home with an ARV of $100k or less, you need to be at the 65% minus repairs, a home with an exit such as yours of $475k can be as high as 77% IF it is an easy and quick flip, guideline should be set no more than 75%.For homes with longer rehab times and higher ARV's like $750k and up, you need to get the rule back down to the 65% mark again.Point being, the rule needs to adjust according to each property type, time factor, difficulty factor, etc.At 81% of ARV + you added in rpeairs on top of that (if that costs was $25k) then your "all0in cost to exit price was 86.5%Your $42k profit based on an estimated $411k cash investment gives you a cash on cash return of 10.2% (that is only half of the minimum I shoot for).
10 October 2011 | 6 replies
Easy response.
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12 October 2011 | 15 replies
The majority of people said it could not be done because they did not understand seller financing themselves. that does not mean it will be easy or that everyone will accept your offer.
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11 October 2011 | 15 replies
We told her to stop doing that, but noticed there was no evidence of mouse activity.