Antonio Palumbo
Cash flow negative but making a profit. I think?
This is my first post so please be bear with me: I own a co-op in NY and have been renting it out. The numbers: Mortgage – $1580 Maintenance - $1,462 Sublet Fee - $281 – so it costs me $3325 a month to keep the apartm...
Seth Thompson
Does percentage still matter if the profit is high enough?
So I met with someone the other day, and we got to talking about deals. He had been doing this for quite a while, but was super cocky and kind of demeaning. I showed him a deal that me and my company had worked on a w...
Brian Davila
Hemet FLIP. Very easy flip and profit is twenty thousand
Investment Info:
Single-family residence fix & flip investment in Hemet.
Purchase price: $138,000
Cash invested: $17,000
Sale price: $215,000
Light rehab. I pretty much painted, cleaned and l...
Phillip S.
GC says "You're a waste of my time"
Needless to say I'm not having beginner's luck when it comes to connecting with a general contractor. I have attempted to contact 3 different GCs thus far and only heard back from one. The one that responded pretty ...
Carlos Ptriawan
Don't become passive investors
If there's one thing I learnt from the massive crash of CRE in 2023(and 2024) is that "Do not become passive investors". WHen you are passive investor, you become the dumb money , your money is being misused or misman...
Mike Schorah
Finding A Deal Equals 50% Of The Profit... Is This A Scam?
My local REIA has been in operation for 10 years. I went there 4 years ago and met the owner.
I went to the monthly meetup which was the first one post-COVID. They said that if you find the deal, they'll JV with you ...
Account Closed
Flipping With Hard Money.. No Way To Profit. I don't believe it.
Using hard money at 10% interest and 3 points... As I run multiple scenarios on a house with an ARV of $200k and say 40K of rehab (thats what one GC blindly told me.) I'd have to offer as little as $89000 to the sel...
Edwin De leon
Monthly Rental Income Profit I Should Expect From a 2-3 MF
I will be buying my 1st 2 MF with a VA NO MONEY DOWN LOAN as a 100% Disabled Veteran ... ( will have 6 months reserve in bank for mortgage pymts, and $15k for unexpected major repairs )
What should be reasonable go...
Tuan L.
Question State Income tax-LLC based in Utah and profit is in CA
I have a question about LLC State Income tax. My partner and I have a LLC based in Utah, but all of our profits will be from real estate activities in California. Do we need to pay state income tax for both California...
Bryan Hancock
Are Realtors Worth The Commission Anymore?
Given that there is such a liquid market of buyers online I was wondering what people's thoughts are on the commission paid to Realtors. A 6% commission has always seemed scandalously high to me given the typical amo...