Tobi Isaacs
How do I analyze 2 properties on 1 being sold for 1 price?
The 2 houses are being sold together on the same lot for 1 price and they are calling it a 5b/3b (which isn’t quite accurate since that makes up both houses-it’s really a 3/2 and a 2/1). I can’t figure out how to cal...
Michael Haynes
First purchase, 1 larger investment or several smaller?
I’m pulling about $125k out of my current home to start investing. Am I better off putting that all down on one property or splitting it up into several properties? What’s the best way to look at this, straight up cas...
Dustin H.
Single family flip fund cost allocation
Hi all. Wanted some input if anyone has any ideas here. We flip houses in multiple markets with mid sized volume (67 closings so far this year and around 50 houses in inventory). We are in the beginning stages of r...
Stephen Briggs
Looking to finance a rental property
It would be my first investment property and I am working with little money. What would be the best way to go about financing my first rental property? What are general qualifications?
Phil Long
Economic Model for Flipping Business
Can anyone share their Economic Model for a flipping business? To clarify....if you made $1mil in revenue, and $400K in profit for the year, the 60% in expenses would be broken down by what? I'm guessing it would lo...
Marvin Miller
Property management needed or not.
I have an existing construction business. Looking to get into buy-and-hold real estate. I had a realtor tell me today that he would advise against using a property management company if I have a loan on any properties...
Brent Pearman
Tax Classification and New LLC in Downstate Illinois
Good Morning,I am currently setting up an LLC as the designated manager (COO). The other members and I have a significant amount of personal assets we want to protect, hence the LLC. The main focus of the business i...
Camden Brown
Ductless Mini-splits for 5 Unit Multifamily Cost
Hi,
I recently purchased a 5 unit multi-family home in Massachusetts that is heated by one, very outdated, boiler. To separate utilities, I had the option to go electric (costly for tenants), put in 5 furnaces, use a...
Lacy Tilley
First Deal, am i being to optimistic?
First deal working on negotiation. This deal would be a duplex side by sides. rents are currently low, very low. My plan would be to go in and raise rents close to market units are in decent shape just need minor upd...
Luke Weber
Formulas don't work, every deal is different
When I am dealing with wholesalers or Realtors they almost always ask for my formula. I tell them, there is no formula, if you think it is a deal, send it to me and I'll run MY numbers on it and let you know.
If it ...