7 March 2007 | 13 replies
Using an example that I am currentlylooking at the numbers work using the cents on the dollar/equity method but don't look particular good using the traditional 70% of ARV (After Repaired Value) less repairs method.For example:Purchase price: 150,000ARV: 220,000Repair Cost: 30,000150/220=.68 cents on the dollar100-68=32% equityOR70% of 220,000= 154,000 less $30,000 = $124,000Based on the first method, the deal doesn't look bad, no?
27 March 2007 | 13 replies
Too bad there aren't more like you.
5 March 2007 | 7 replies
It's not a bad loan but you have the normal underwriting structure.
7 March 2007 | 10 replies
I want to make sure I understand what you are saying.In the example with the 13k to 50k in two years time are you saying that was a bad investment period, or just a bad investment for a beginning investor?
2 July 2007 | 7 replies
I've had bad checks come back as long as 12 days after they were written.Good Luck,Mike
8 March 2007 | 14 replies
They have bad credit which does not improve and therefore they are never able to buy the property.
9 March 2007 | 6 replies
the corp and it's assets are liable - not the shareholders, directors, employees etc...that takes TIME to do - because the business must grow it's CREDIT and reputation through STRONG FINANCIAL STATEMENTS.just naming a business and "holding assets" in the name of a business doesn't mean anything, unless that business entity is treated as such - a SEPERATE ENTITY.that's paramount.
8 March 2007 | 6 replies
The secret is don't get into the (BAD) habit of thinking that breaking even is the same as making money.
17 April 2007 | 4 replies
So, the fact that the landlord did not respond to their offer is irrelevant; she didn't have to.I agree fully with All Cash but should caveat that some states treat things differently.