Account Closed
Has anyone ever had to sue for specific performance when a seller won't sell?!
I have a signed contract to purchase a property to fix and flip. The first week under contract the seller asks if I will pay $6,000 now and take it off the closing price to help get the tenants out of the property by ...
Jacob Joye
First STR Yearly Revenue
Hey everyone, My wife and I are looking into the purchase of our very first STR here in Michigan. Thinking we will cater toward the Ski (winter) / Golf (summer) crowd on the North/West side of the state…My question fo...
Saranya Sundararajan
Feedback on my cashflow model for the Smokies ?
Smokies Cash Flow ModelWe are looking to buy a 3bedroom in the Smokies and this is the model we came up with. Occupancy rates + Average Daily Rate - taken from Airdna 2019 data + assessing the airbnb/vrbo listings rat...
John Seitz
How are people making money when using contractors?
Hello, I am a newbie and a fix and flip virgin. I'm spending a lot of time learning how to analyze properties and finding that the current market offers some pretty slim margins for profit. I'm a DIYer so most of the ...
Jared MontBlanc
Does the 70% rule in buy apply to more expensive properties?
The BP folks are saying 70% for a deal after repairs, but at the higher end, does this math still hold? Knocking off such a large amount of cash seems almost unrealistic, but I believe the guidance comes from the fact...
Trevor Aydelott
Becoming a brand new lender
I've had my lenders license for awhile her in California, but do not practice it as I'm a realtor/investor. But as a combat veteran who uses VA loans personally and helps other Veterans use their entitlement. I come a...
Andrew Hunt
ROI House Flip San Antonio
Hi guys -Just wanted to get a sense from the experienced flippers on here. What ROI are you targeting on home flips in Texas, and specifically San Antonio (if anyone here does flips in SA)?I've gotten the sense from s...
Alex Ng
Rehabbing vs Building a Property Profit Margins
How much are profit margins say if I build a 4plex vs just finding a distressed 4 plex and fixing it up? I expect constructing a new one to cost more and take more time to do, but does it have more profitability than ...
Arturo Borges
30% Margins flipping houses?
Is there any city in FL where you can actually follow the 70 rule? There are currently no properties in today's market that can meet that. There are no margins for people that can only get high-rate financing plus oth...
Justin Foster
How to figure out wholesaling fee?
How do I figure out what a good wholesaling price would be?
I'm in Missoula, Montana and I'm working with someone who did wholesaling for a year and charged $5,000. She's recommending that I do $3,000 in toda...