How do these numbers look on a spec deal? Enough return to justify the risk in your opinion?Lot: $325,000Construction costs: $450,000Financing costs: $35,000 (est.)Closing & commissions: $40,000 (est.)BREAKEVEN: ...
Been doing pretty good lately with deals and one final one is starting to take a turn. Had a seller in foreclosure call wanting to sell under any condition because home was days from foreclosure. We managed to help...
Hi Folks,Hoping for some thoughts from some experienced landlords. I am trying to choose between two applicants. I think I know what to do but wanted to get feedback. Applicant A:Unmarried couple, very blue collar. At...
I need some encouragement. After taking in many the forum posts, blogs, articles, advice, podcasts that this site has to offer in the last couple of weeks, I must say I am a bit intimidated by whether or not I’ll be s...
So, I have what seems to be a weird question to me. I started following a "Guru" that is teaching about seller financing and was selling a course about it. He was teaching to:1. Get properties under contract from sell...
Everyone always wonders why people get stuck in analysis paralysis. Fear of the unknown and fear of going into debt. I've been on Bigger Pockets for what seems like years now. I read so much information and then just ...
Hiusing a 100K property as an example (turnkey), with a 25 year loan, 76K, 5.6% p.a. that would mean the first year roughly 4K interest, and the depreciation would be 100k/27.5=3.6K, so total 7.6K - 630 USD/month.Now ...
Hey Guys! Im not sure if yall remember me, but a while ago, I was looking into wholesaling as a means to jump into real estate investment. And since that time I have taken steps to get better acclamated with the field...
Okay Bigger Pockets friends, I recently purchased my ticket to the Fortune Builders 3 day work shop. I wanted to reach out to my BP community and ask if anyone has personally attended this event, if so what was your o...