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I'm not a flipper, just a buy and hold investor. But I'm curious to hear if people are flipping homes and seeing a good profit. I'm seeing fixer upper homes get 20 offers and sell way above what it should be. That lea...
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So lately I know the interest rates are up and it's getting much harder to sell the properties . I also see a flood of wholesale deals showing up in my inbox ,With price reductions . it seems like people are trying to...
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Would you or have you ever flipped a house with an ARV of 75K or less. My thoughts. Smaller margins. Different pool of buyers. Different materials and finishes. In the lower price point/areas properties could be marke...
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Good morning!Here is a property that we have under contract here in Hawaii on Oahu. Purchase price is $730,000, rehab costs are $70,000, ARV is $1,000,000 and time frame would be approximately 90 days. Looking for h...
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Question for Hard Money Lenders:I currently invest with a hard money lender where when the deal is done I end up with 14%-18% annualized return on my money. The way the lender structures his deals is he lends purchase...
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I had an acquaintance contractor approach me last year about loaning him money to fund his flips. He did several and I believe they were very profitable, he just didn’t have the cash to purchase these homes and to fu...
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For all the flippers out there or tax pros.... What are the income tax considerations related to house flipping ? Specifically how is the gain or loss on the ultimate sale calculated is it ( my purchase price plus r...
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So, I found a home on craigslist that was on sale for $157K (Built in 1991). One other home sold last october for $215K. It's a small subdivision and the last sale before the one in October was for $230K. I think I...
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When crunching numbers to figure out if a deal is good or not, I find myself realizling that aside from property taxes, I have to factor in school & county/borugh taxes. This is probably why so many homes are stil...
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I am a new whole seller and I met with my first cash buyer today. When I asked him what he wants his percentage profit to be, on average, he said he would like to see 20% of the ARV. Is this a reasonable amount and wi...