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So I am getting excited about my first wholesale deal and I am working on putting the pieces together. I have 3 or 4 interested buyers in my area and 2 or 3 realtors to work with. I am still working on what options ...
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We were hit with a bit of bad luck this year. Our grown son became ill and we are the caretakers, looks like it maybe long term. I'm 64, plan was to retire in 6 yrs. Finances are screwed due to medical et al. Debt $33...
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So I'm familiar with the 50% Rule, the 2% Rule, and that I should be buying at no more than 70% of retail value. Are there any other "standard" rules of thumb that are used by real estate investors?
Does anyone happen to have an expense spreadsheet they don't mind sharing. I've been pulling some from the web but I'm just trying to make sure that I'm thinking of everything. Obviously SF expenses differ from apartm...
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Hi everyone,I've been in talks with a seller of a 5-unit 'apartment' that is a large house.The Property and Neighborhood5 Unit apartment out of a converted house. Located in a district where they zone to reserve 10% o...
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Hello, I'm Edward Thompson currently living in Los Angeles, the Inglewood area. About 4 months ago I attended a free Than Merrill's Fortune Builders seminar and became very interested. So I then paid the $200 dollars ...
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Hi BP!I thought it would be a cool idea if everyone shared their best tip for managing their rental property. I'll start if off.My best property management tip is charging a 5% late fee when a tenant fails to make th...
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I am currently seeking opportunities to flip properties, but my credit is blasphemous and I sort of feel that no sane persons would partner with me in my ventures. My current marketing plan consists of driving-for-dol...
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Hey friends,I am wondering how large syndicated properties make the profit they do. In deals supplemented by a bank loan, many investors look for a 10% return or more; however, this return is only possible because the...
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I would really appreciate some opinions on this. My husband and I purchased 2 properties at a steal 2 years back in a cash deal. We totally rehabbed the first property, and immediately did a rent to own with it. We fi...