Drew Byrd
The 70% Rule: How and When does it change?
The standard rule for investors is to buy 70 percent of the ARV, but I've heard that inventory affects this percentage. For example, low inventory in the market might justify closer to 80%, high inventory could mean s...
Yooka Ellis
Is this a good deal if I'm optimizing for cash flow?
Hi All! This is my first post on BiggerPockets and my first potential real estate purchase. What do you think about this deal if I'm optimizing for cash flow and long term appreciation? Property: 2/2 condo unit, 1150 ...
Dominic Bailey
First time investor looking to get into real estate
I'm a single man looking for ideas or what knowledge I need to have in order to invest in real estate. My ultimate plan is to buy a duplex somewhere and rent out both sides. I do already own a home in Baton Rouge L.A....
Alex R.
Where the real profit in flipping comes from?
Well, I hear that flip itself doesn’t create profit and time and effort spent make the property sell at faire market value.
Meanwhile flip is not (or should not be) dependent on house value appreciation.
So when you...
Kyle Galloway
70% Rule-Please explain?
I understand the math to the 70% rule in house flipping. (Conservative Market value after repairs X.70 - repairs). What I don't understand is where this 30% magically disappears to. I know that there will be closing c...
Mike Cartmell
Structuring Partnership w/Realtor for flip
I would like to partner with an experienced investor to flip a property. I have connected with a Realtor/Investor who is willing to partner with me for my first flip. He has flipped many homes in the past by partner...
Kelly Claiborne
Is Wholesaling Allowed in Delaware?
Hello, Is wholesaling allowed in Delaware? If so, are there any attorneys that you can recommend ?
Jean T.
Traveling for work and don't know where to go
I am a wanna be investor. I have done no deals. I've only seen a few homes with a realtor. The issue I'm having is that I am starting part-time and I travel quite a bit for my full-time job. So I can't see any homes d...
Max Rieves
How to structure LLC so it is easy to pay investors
Hi All, I have a question about the best way to follow the rules when partnering with investors and paying them a % of profits. My plan is to partner with investors, buy homes, get them rented and then do quarterly pa...
David Robertson
Top 10 places to flip houses in 2012
http://www.usatoday.com/story/money/business/2012/10/09/house-flipping-revival/1622429/
The article states the average flip is around $29,000 in profit, but I did find it strange that in markets that the median house...