Hello. I'm reading two different methods of calculating max offer. Max offer = ARV X 70% - rehab costs. Also, Max Offer = ARV – Cost of Repairs – Buyer’s Profit – Wholesale Fee – Other CostsWhich is correct? why are ...
Hello All
I have a pretty good grasp on the BRRRR method and how it works (I think). The only thing I don't fully understand is the financing to purchase and rehab the property. I've called several banks and in gen...
So interest rates are tanking so I was about to refinance and take cashout from some properties.But, speaking with my accountant, I found out that interest on the refi will not be tax deductible because I am not plann...
Hi,I use two techniques to financially evaluate notes:1. Through the RATE() function in Excel, without considering the costs relating to the note2. Through an Excel sheet that i built that takes into account servicer ...
Suppose I purchase a property for $200k. Is my depreciable base the entire $200k or do I have to back off the amount that is considered land?
One of the large misconceptions in the REI space is that you will not need a lot of cash to acquire multiple properties. That is simply not true these days for a number of reasons. Certainly, there are exceptions to t...
there seems to be a couple of ways to calculate Adjusted Basis. One method takes into account Costs of Sale. The other method takes into account Acquisition Cost. My question is, which should Adjusted Basis take into ...
I’ve got my process for marketing using “driving for dollars.” What is the next step in the wholesale process?!? Is it as simple as gathering all contact information for the property owners and then contacting them to...
Can anyone explain accelerated depreciation and when to use it? Any other awesome tax benefits to discuss?
Hey y'all, Wondering what is the best marketing strategy for obtaining off market leads? Working to figure out which route has the best conversion rates when targeting specific neighborhoods. Direct mail, SMS, door kn...