I sent out 1000 direct mail yellow letters to absentee owners in Fairfax County. The response I got was only two phone calls, both highly unmotivated. Is this typical for the area?
I was told by several people in the business that when doing a wholesale assignment deal where I stand to make a larger than normal profit, it is best not to disclose exactly how much I'm actually making. I was likewi...
Let me say first, this may be in the wrong forum but this seems to be the closest to the topic at hand.The question is, "How does one account for Vacancy and Repairs?" The question is specifically related to Quickbo...
In advance, let me say thank you for the feedback. I'd love the good and the bad. Balance out my expectations if parts of it also look particularly good! Thanks to @RyanMoeller for the template from his post here. ...
I've been marketing online and through advertisements looking to buy homes. I've done several deals now from these marketing efforts where I have essentially assigned the contract to a Rehabber here in the Bay Area.
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I recently bought a duplex and am going to rehab one of the units. It should cost me around 5-8k to do so. In the mean time I sold a property and profited about 38k. I know i will have to pay taxes on the 38k. My ques...
Hi, I've come across a few sellers, who when I give them an offer and it's low because their place is a wreck, they reply, "Well, the land alone is worth $X." What is my retort?In conversations with others, could my ...
HelloI am a young professional, looking to invest in my first property. My only problem is that I do not have the capital to do so, and cash is king! I'm a very hard worker, always hands on. Being driven to succeed is...
I recently sent a letter to the out of state owners in my county. It's been about 4 weeks and so far I have 32 responses out of 544 letters sent. The letters were hand addressed/stamped and this is a 5.9% response ra...
I am new to real estate investing. I am looking at purchasing my first property by 'house hacking'. It is a triplex. My goal is to live in one unit and rent out the other two. I have a concern with the property that I...