Hi there, I'm looking to do some wholesaling in the east bay. However, when one considers the discount on the property after applying the 70% ARV rule of thumb, that's a pretty sizable chunk of money in this inflated...
As many investors have said, the profit from a flip really comes from the front end of the deal. I have done some research and will probably use a Hard money lender. The group im looking at will lend up to 60%-65% of ...
If I were to agree (as a seller) to owner finance a portion a portfolio sale, but later decide I want the money out to reinvest, at what sort of discount would I likely be selling the note. EXAMPLE: Portfolio sale pri...
Hi Folks,Atlanta's a booming place, it seems. All of my cash buyers have told me they want a 65-75% discount, but I'm finding that once I allow for - rehab, of course, - a fee for me and - closing fees if it's bank-o...
Hi BP,just for knowledge sake:wandering what your thoughts are on properties that are negotiated to just below asking price. with no repairs needed. rent ready.so say there is a property that is worth 100K, needs no r...
I am trying to learn how to properly estimate rehab costs and negotiate with contractors. I’ve heard a lot about contractors taking advantage and overpricing. Any advice would help.
After reading the Millionaire Real Estate Investor by Gary Keller, the one concept which I had not previously considered is "the discount you require" as one of the key factors in your buying criteria. I would appre...
I have seen a decent amount of flipper houses go into pre foreclosure lately in Phoenix that were purchased at the top of the market. These houses loan balances are too high to make any money on a flip buying it for ...
How important is it to get a property under contract for a 30 percent discount when wholesaling? (ARV - 30%) Right now I am negotiating with a seller and with the numbers I calculated at a 30% discount puts me under a...
I am in the initial stage of finding my first rehab. I'm focusing my search on the MLS for the time being since I am taking it slow and trying to learn the ins and outs of my area. My goal this year is to flip 1 ho...