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14 August 2018 | 1 reply
That's assuming 10% management, 5% vacancy, 5% repairs, 5% capex, mortgage, tax and $1700 per year insurance and assuming you put 20% down so no PMI
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16 February 2021 | 3 replies
I want to be as accurate as possible on my repair prices.
15 August 2018 | 1 reply
I don't want to hire a collection company who sends out one or two mail to the company or just make one or two phone call and close the case.
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23 August 2018 | 9 replies
Since the property is located so close to you, and you already know that it is vacant along with recent history, I would try to locate the home owner's phone number and call him or her directly.
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30 August 2018 | 11 replies
Paul,...If you're going to wholesale like a professional, only pursue deals that are worth Cash Buyers' time (target for 60% ARV if you're not confident about estimating repairs)Some wholesalers aim to lock up as many houses as possible and then walk away when their 2 cash buyers won't buy [bad] deals.
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15 August 2018 | 2 replies
Have been using our trusted subcontractors for all repairs.
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15 August 2018 | 3 replies
If you use the proceeds let’s say 10k, from that 30k, for an repair is you will have 10k of rental expenses.
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17 August 2018 | 3 replies
yes that is correct and I incorporate all the expenses and for capex, I esitmated 10% for repairs being safe with a margin percentage.
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9 September 2018 | 9 replies
The best way to do that is to get on the phone with a whole bunch of them.
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8 September 2018 | 3 replies
There have been three break-ins since June and repairing the damages have been draining my budget.