Erik Peddle
What am I missing? The 70% rule seems absurd
Hey everyone, The 70% rule seems absurd. If the contract we have goes through on my current flip I should make $69,000 in profit on a property that came out to an 85% ARV-repairs. What am I missing? Teach me please...
Tyler Neison
$80-$100k to spend with these goals, what should I do?
Here is my current situation. Currently live in and own a SFH w/ 2.5% rate. Building a new house that will be done around Nov '23 - Jan'24 and will be my new primary home. Expecting $80k-$100K income tax bill on my ac...
John Hannah
Hi from Naples, Florida!
My wife and I are very excited to begin our real estate business together. We're primarily interested in rehabbing, but open to other opportunities as well. I'm currently in the process of getting my real estate licen...
Patrick R Morrison
Vacation Rental vs Traditional Rental
Hi All,I'm a newbie here with some questions regarding vacation rental. My family owns a secluded private "apartment" (3 bed, 2 bath, 1900 Sq.Ft.) on a private lake, sitting on a 40 acre parcel in the middle of a for...
David Styles
negotiating short sales...
Okay, I've been trying to educate myself about short sales and right off the bat, I have a question. After getting homeowners to sign an authorization to release information, who am I calling to start negotiating?The ...
Eric Oszczypala
Mobile home remodel
Hi All,I was wondering if someone can guide me on remodeling/repairing a mobile home on a property I purchased. It is a single wide about 700 SQ feet, 2 bad/1bath unit, it does need everything redone, exterior/interi...
Timothy Doenges
BRRRRing a 4-unit into a 5-unit
Hello all!I'm posting to MF Commercial forum because I'm interested to hear your thoughts on a deal I'm trying to analyze now.I found a MLS listing for a 6 bed 5 bath home in my target market, listed for 160k and in r...
Crystal Mendoza
Property manager for long term rental
Hello, I have one property in Texas that I’ve had a property manager for since we are military and move often. We now have a property in Colorado Springs that will be rented out when we get orders again. My question i...
Jason K.
PROFIT STACKING?
I'm just starting out and recently posted a thread in regards to a licensee investor marketing another investor's (wholesaler) properties to your own buyer's list in attempt to collect an assignment fee/advertising/re...
Joe A.
Do you see a disadvantage to offering an increased buyers agent commission for a limited period?
My wife and I are selling our home FSBO. We live in a market in which homes do not sell that often and therefore the buyers agent take on our list price will be very important to our sale. We also recently purchased...