Fred Dray
My first flip...Is this a good deal?
19 February 2013 | 9 replies
Which include new roof, paint and new gas lines.Wholesale fee $1,500Closing and Holding costs $1,000Total cash in $32,500 (which I am supplying)Estimated selling price $45,000Total projected profit after 5% closing costs $10,250 of which I getInvestor Payout (5% for 6 months = 10% APR $1,250Investor Projected Profit (20% profit split) $2,050So my investment of $32,500 for six-months will return $3,300Does the above seem fair?
Brandon Malone
Have market prices gotten too high
20 February 2013 | 3 replies
I know my local market fairly well as I've been paying attention to it for about 4years now.
Matt M.
Worth it to pay double and have mortgage paid off in 15 years, or ride out the 30 years
28 February 2013 | 23 replies
You're able to get a mortgage fairly close to today's insanely low interest rates.3.
Bill Gulley
How Many Investors Have Related Financial Sales Experience?
5 March 2013 | 12 replies
I know we have some more.I had an insurance agency, with Met and Pru, and was a top agent fairly quickly, I sold the meat, not the sizzle as they like to do.
Tim Smith
How do high wage earners benefit from real estate related tax deductions?
12 November 2018 | 32 replies
But if you donate appreciated real property, you could deduct its full fair market value, as determined by an independent qualified appraiser, but only up to 30% of your adjusted gross income.
Scott Bartlett
Beginner Question about performing Rental Comps
21 February 2013 | 14 replies
Hi Scott,Here's a few things on topic that should help you out:http://www.biggerpockets.com/rei/fair-market-rent/https://www.biggerpockets.com/forums/52/topics/75523-how-to-find-market-rentshttps://www.biggerpockets.com/forums/52/topics/68326-rental-comps---what-to-usehttps://www.biggerpockets.com/forums/52/topics/39549-rental-comps
Rich Cavanagh
50% rule question...
19 February 2013 | 7 replies
You may be mixing up the 2% rule, which is used for a quick, rough analysis of gross rents, and the 50% rule, which is generally considered to be fairly close to actual expenses.50% of your gross rents will be taken up by expenses...
Anthony Palmiotto
Are Lonne Deals Dead - SAFE Act?
4 August 2013 | 61 replies
In addition to what Ken mentioned, there is also the FCPB, they can just look at a deal and find it as a bad business transaction, in line with fair trade practices.
John O'Neal
New Member/Property Manager
22 February 2013 | 13 replies
It's a truly professional service at a fair price, and I wish more property management firms would copy their model as working with my other one in a different state is more frustrating because these guys are so good.
Daniel H.
Evicting TAW
20 February 2013 | 0 replies
I always resolve these issues right away and have kept up communication w the inspector.