I have a strong background in commercial and residential construction. My passion is for old buildings. My goal is to become a expert rehaber. I have fully remodled a 1920 craftsman in Oklahoma. I hit my numbers to th...
Fellow RE Investors,
I am in the process of acquiring 84 unit building which was abandoned.I am getting it for 20 cents a dollar.
I need 500k to fix and bring it up to par.I need your help to finace this deal.I also...
I was really not that good in math in school, but can someone explain to me what does it mean when someone says you should put the contract under 60-65 cents on the dollar?
Explain to me 60-65 cents on the dollar?
I...
What are the best ways to use a real estate license for a weekly/bi-weekly paycheck?
I am just considering other real estate jobs to provide 'guaranteed' income with a license.
Hello Guys,If I invest $ 1 Million dollar in a real estate development project and the net profit for this project is 100% or 1 million dollar , how much tax should I expect to pay for this profit? what would be the l...
I'm an investor in buy and hold properties in Lansing, MI. I'm currently holding 5 single family rentals in my LLC. 4 of these are free and clear. I'd really hate to sell one to get capital to do some bigger dea...
Hi. Can't seem to make a strategy based on HML.
Let's say 100k market value home bought at 70k.
Assuming: HML financing 55% at 12%= 38500 + down payment: 31500
Rent: 1000 USD
Assuming 50% rule= NOI 6000
- HML yearly...
When people say something like, "I got this property for 55 cents on the dollar", are they referring to how much they've purchased it for, or how much it cost them (i.e. purchase + rehab)?For example, let's say we hav...
An idea popped into my head today and I don’t know if it’s possible or feasible. Hypothetical situation. You own a property with a mortgage. Bought for $100K with $25k down. Before taxes, it cash flows $7.5K. It’s hel...
I am looking at a property that has been tied up in a chapter 7 bankruptcy for a couple years. The property value is likely below the debt against the property. It appears that Seterus bank took the mortgage as the ow...