Ben Hooper
Expanding STR business
I've been a host for a year now and have really enjoyed it. I've recently bought a property specifically to rent out full time and it got me thinking about how a STR business can expand.It seems like the main avenues ...
Blaine Cox
Does the 70% rule really work?
Reading about the 70% rule, but am interested if this really works for some on here. For an easy example I'm looking at a smaller home for a quick turn around that is asking $74,500.00 The after repair value is goin...
Charles Bass
Potential Wholesale Deal
Hello,I think I have a potential wholesale deal that I am going to look at tomorrow (August 23,2020). It will be my first time attempting to wholesale. The property I am going to look at is a fsbo deal. What are some ...
Maher Bateh
% to pay for homes at auction
Like I said earlier, I purchased my 1st flip at auction yesterday In FL! Pretty excited(should I be?)
details:
Winning bid - $47,700
Rehab - $20,000
ARV - $85,000 minimum.
Thoughts? Was this a good deal for me.?
Th...
Spencer Bowen
Help evaluating this wholesale deal for a builder/developer
Howdy! I'm just getting started, and this is the first builder/development contract I've hit upon through my marketing.
Is this a good deal? Here are the details:
Contract is $280k for a view property (lake and ter...
Luis De Jesus
Investment rates 20% conventional, please share.
I am surprised the forum doesn't have a thread were the community posts kinds of rates on loans they are able to get. If there is such a thread please point me to it. Otherwise, I'd like for you to share what rate y...
Alex Ng
Flipping profitability in SoCal
Im looking to flip around socal. I was wondering what are peoples average profit margins here? How much are you making per flip? Does the 70% rule apply to here? How competitive is it finding distressed properties ? H...
Avishay Stav
New investors in Jacksonville area
Hello all
My name is Steve and I’m a foreign investor looking to invest in Jacksonville, FL.
Me and my partner started our business January this year and it is our goal to make our first flip by the end of this year...
Braedon Page
Pros and Cons of STR Property Managers
Hey all,
I am the cofounder of a new property management group on Oahu. As I start this venture, I want to avoid the mistakes of other PM's and learn from those who provide and excellent service to their clients. I k...
Daniel O.
How to get the best ARV estimate possible??
As many investors have said, the profit from a flip really comes from the front end of the deal. I have done some research and will probably use a Hard money lender. The group im looking at will lend up to 60%-65% of ...