Will E.
Why Are Real Estate Commissions So High?
In a competitive market, you would expect real estate commissions to get competed down between brokers. For reasons I don't understand, commissions stay high across all brokers at around 5% to 6% per deal. Can som...
Simon Ghandil
Rental #1 Purchased Today
Closed on it today, it's a 2 bed 1 bath in Portsmouth, VA. Purchased it for $30,000, after closing costs it was $31,650.15. Planning on placing a tenant buyer in there for $975 a month. Taxes and insurance will set me...
Clayneal Pononuihanohano Afaihere Garrigan
Why Do Most Wholesale Deals Exclude Home Inspection & Appraisals?
Seriously! How much Dough does it really cost to run a Home Inspection Report? $3-$400 bucks?And... How about an ‘As-Is’ Appraisal? and maybe also an ‘ARV’ Appraisal? ...another $3..$4...$500 bucks tops???It seriousl...
Russell Brazil
Be Careful If You Are Overleveraged
Many of us experienced folks on the forums the last couple years have been expressing concern about people being overleveraged and for strategies like the BRRRR method. Myself, @Jay Hinrichs, @Alexander Felice, @Joe S...
Luis Guerra
The 25% property management fee was killing my STR profits
Hello everyone,I've been managing my short-term rental (STR) in the Orlando area for a few years now. Initially, I handed over the management of my property to a company, giving up 25% of my earnings for them to handl...
John Fulton
Own or Rent Paradox: Your home is not an investment
There is a lot of commentary surrounding the topic of whether to rent or buy (Regarding personal residences). A roof over your head is an expenditure. The rent-or-own paradox is about losing the least amount of money ...
Nick Brubaker
Help!! After signing the lease tenant is attempting to back out!
Hi everyone,Let me start by clarifying that I am inexperienced and this is my first attempt at finding a tenant for my first SFH. That said, please don't assume I am acting foolishly either - I have been very careful...
Hunter Harms
Creating a design guide for contractors?
BP! Here is the situation:I am a first time investor and and am looking to purchase a foreclosure to rehab and resell. I have been really working on creating my systems to ease the process of a flip, as well as set up...
Lucas Mills
Some questions about getting my real estate license. Worth it?
I am looking to obtain my first investment property sometime within the next 6 months. I've already been through the process of making an offer, but I ended up backing out because the property was in a flood zone and ...
Karan Nanda
BRRR Strategy
I was just reading a post by someone and he mentioned the BRRR strategy.I like this approach but have a question on the refinance part of it.I am still a beginner and the idea i have so far is to buy a rent ready prop...