Joe S.
What kind of percentage or dollar amount for Markerting?
So the question is what kind of marketing budget are you using for your business? Do you work it some months more than others? If you make an extra profit some months do you market extra with that or simply treat your...
Nathan Spangler
Financing for Flip Opportunity
I have an opportunity for a flip that would require significant financing. All the hard money lenders I've talked to are saying they require purchase plus rehab to be 70% of ARV. This opportunity doesn't quite fit tha...
Eric B.
What If I Start Making Money BEFORE Opening An LLC?
I've got just about everything I need to get my real estate note brokering business started. I've got my office set up, my business phone number, my mailing list. And my business's new website should be ready in a cou...
Edwin Rivas
Opportunity to buy my first income property
I have an opprtunity to buy my first income property and could really use some advice on what I should do. (It's a bit of a complicated situation, but i'll try to explain it as simply as I can.) I have sister who owns...
Shane Smith
Putchasing equipment for an LLC and writing off
Im a member in a 50/50 partnership LLC that flips homes. I have shifted gears from real estate podcasts and books to advanced tax books. I consistently hear that the rich tax savvy individuals buy property and equipme...
Arthur V Bernestine III
Percentage higher vs lower !
Would you formulate a higher percentage on lower ARV properties that need a fullGut. I know fullGut cost 60$ per sqft usually.
Say ARV=185,000$ (sqft 1,826)..If I were to do the 70% rule. Than 185 x .7 - 109,560$repa...
Account Closed
Flip Formula
The two most used flip formulas I've seen for max possible purchase price are ARV*0.70-Repair Costs and ARV-Repair Costs-Quiet Costs (Including Closing Costs, Commissions, Holding Costs, etc)-Minimum Profit. From my ...
Larry Hatten
percentage
HI GUYS HOW MUCH IS A RESPECTABLE PERCENTAGE OFF A WHOLESALING DEAL FOR A REAL ESTATE AGENT WHO,S WALKING ME THROUGH THE WHOLESALING PROCESS /MAKING SURE THE LANGUAGE IN CONTRACTS ARE RIGHT,BASICALLY MENTORING ME
Gary Boggs
Creative Funding for House Flipping in Hampton Roads, Va
Hey BP! For the record, I typically would not write a humbling post like this one so please don't view as someone complaining (how I would view myself writing this). Simply trying to step out of my comfort zone and ge...
Tonya Sanders
Advice about potential partner for house flip
My husband and I live in California currently but are planning to move to Tulsa, OK over the next year. Given the allure of the cheaper housing in Tulsa we started looking for a property that we could flip. Living in ...