After reading this board I know most wholesalers are offering properties with too slim of a margin for most investors. I really couldn't find any posts about what wholesalers do with the properties they don't find buy...
pros and cons?Suggestions?Thank you in advance
Recently I started using this tactic when making offers directly to the MLS and it works. It has some drawbacks that I will outline later. I can't say I'm the originator of this but here's the deal.I have the broker o...
I have a belligerant tenant whose lease expires June 30th. He sent me this message. in response to the lease renewal letter I sent him. "you cant legally ask me to pay 1/3 of the electric in an illegal apt. not leavi...
There are a ton of great ideas on "How To" do whatever needs to be done here on BP, but are there things each of us can do that don't require advice? Is there a natural force that will help you become happier with yo...
Economic Update
(Monday, July 20, 2020)
In a previously unimaginable turn of events, the ...
My question is, how long will it take for single family homes to produce $1M of CASH into my bank account?Not asking about “wealth creation” I mean until actual cash is in the bank?Thanks in advance!
Those of you who have a Bar as a tenant, how are you handling the current situation? This is assuming they are not paying rent. I have a Bar/brewery tenant and they are claiming to be in a dire situation, awaiting gov...
Why do no agents call back? 4 different agents in the past 2 weeks I get no return calls. I tell them I am interested in a certain property and I tell them if you have any more in the area around this price range I wo...
Am I missing any steps?
1. Find a motivated seller, with deal potential.
2. Determine ARV and REHAB COSTS at meeting.
e.g. ARV: $150,000 REHAB: $25,000
3. Negotiate a deal.
$150,000 x .7= 105,000 - $25000...