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ROI question on 3 month turn-around
Hello.
I have a deal that I am working on and could use some simple insight. I have the means to turn around a $25,000 investment into $75,000 within 90 days.
Is this a good enough ROI for a private lender?
I hav...
Derek Smith
OK, next Step...Mentor Sherman Ragland
OK, I have been going it alone attempting to wholesale for about 3 months now and I have not made that first deal yet. I live about five minutes from DCREIA and its "Dean" Sherman Ragland lives in my development on t...
Cody Gebhart
$15/Hour Illinois minimum wage
Illinois is enacting a statewide minimum wage of $15 per hour by 2025. Have any experienced landlords had this happen in their state or city and what have been the effect on rents? Drastic increases or gradual incr...
Mike Nelson
Finding a general contractor for first rehab...
Over the past couple of months my partner and I have came very close to actually going through with a rehab. Well last night my realtor told me about a property that his family member was selling and was willing to en...
Shyam Panchal
Found Some Problems Post Inspection - Need Advice ASAP! (Texas)
I am currently under contract for an SFR in Texas. The house was recently remodelled but after the inspection, there were some issues found. Although the cosmetic finishes look quite good, there are some fundamental...
Daniel Andrews
Completed my first Flip in Canton ga.
I just finished my first flip. The house was purchased off the MLS as a banked owned. Asking price was 119k and I offered 125k cash two weeks closing. They accepted the offer. Repairs. I am purchased a house flippin...
Erica Nagle
SCAM...beware inexperienced investors!
Not that we are super experienced but if we hadn't taken classes this is something we may have fallen for. Recently we found a house for sale by owner on Zillow. We contacted the seller and received a text back that i...
Matthew Swearingen
Memphis Cash Flow Doesn't Seem to Be That Great! So Why Memphis?
So I'm still doing my research on some properties in Memphis and I'm not seeing the cash flow return unless I'm missing something.Have a few homes in the $60K to $70K range. After I put in all the numbers for a home t...
Account Closed
NEGOTIATED SALES PRICE $754,498...and $98? Really?
Why would the price have not been negotiated up $2.00 to $754,500 or down $98.00 to $754,400, a round number? Do you know how much chaos and extra time and effort throughout the loan process correcting the sales pri...
Lee Common
Deflation on the Horizon?
Make Sure You Get This One Right
By Niels C. Jensen
There are those who sweat over every decision, worrying about how it will affect their lives and investments. Then there is the school of thought that we should f...