All Forum Posts by: Account Closed

Hi, how do realtors use Popstream to get listings?

The main reason is I would like to use business credit to cover the down payment & closing costs. 
Next I’ve heard enough horror tenant stories to think anonymity would be beneficial. 
And I’ve seen Pace’s content endorsed by bigger pockets so thought his methods are credible. 
Definitely open to other perspectives. 
Thanks

I have been investing for years, so I may know a little something… 

In my experience, at least in Texas the taxes increased faster than rent increase. However, I do have properties in Mississippi. Taxes are not so bad there. Turnovers, repairs, property management fees, vacancies, and evictions all but eat up the cash flow.

Are there any properties that make money ….. well sure, but not quite like is being Marketing from those that have a financial stake in the game of making it sound easy..

The reason I’ve made it as an investor is because  we have done flips etc. to offset not being able to depend upon the rentals. Keep in mind this is from a single-family property standpoint. I’m not experienced in apartments. 

Just sharing my viewpoint and I don’t have anything to sell anyone so it could make my viewpoint a lot less glamorous.

Hi All 👋

I'm looking to form an LLC and make a purchase within the next year. All CPA/ lawyer referrals in south Florida are much appreciated.
I’ve watched a lot of content lately including Pace Morby who recommends an out-of-state holding LLC to provide total anonymity. Professionals familiar with this process would be ideal. 

Thanks everyone!

Matt

Good evening everyone, so I currently have $150K to invest in my first flip. I just wanted to pick some brains to see if I’m think about this the correct way or is there something I am overlooking. 

$150,000 to invest

Buy a fixer upper for $200,000, put $40,000 down and I figure another $10,000 for 6-7 months or mortgage payments. So that leaves me with $100,000. I figure (complete made up number) let’s say $80,000 in renovations. I’ve done my research and say I can sell the house for $350,000. I would make my $150,000 back and make $200,000 but after taxes say $150,000. Does that sound about right or is there something I’m overlooking. Looking for some mentorship here or experience advice here. Thanks 

📝 thanks to everyone for sharing your experience and insight.

I subscribe to a few macroeconomic newsletters but I just read more relevant information here than in the last couple months of those.

I’m currently on the sidelines and this confirms I should be here a good while longer before diving into my first deal. 

I feel that this is a series of stupid questions, but I’d like to get multiple opinions.

I am in the process of buying a piece of land located in Southern California. It is in an area where land is high valued and scarce. The problem is that it is on a steep grade and comes with a fault line. The geo report classifies it as “potentially active” and minor. The recommended set back for building is 15’. It does decrease the usability of the land but it may still be developable property. I would not finalize/close the purchase contract until all permits have been approved by the city.

I’m interested in any and all thoughts that come to mind. Some areas of interest are: is the property going to be harder to sell, what kinds of issues should I anticipate, has anyone ever dealt with this before, etc etc. Anything that comes to mind would help me tremendously.

Thanks. I look forward to hearing from the community.

Fed has two mandates: 1.  Unemployment and 2.  Inflation.  Their main tool is the Fed rate.

I haven’t brought them a specific deal yet. And the numbers pencil for large cash flow but there will likely be little appreciation because of the city that it’s in. My main issue I am having a hard time deciding is do I really want to go down the road of a D class area investment just so I can take advantage of 10% down on better investments in better areas and neighborhoods 6-12 months from now. 

Just as I was thinking that I was rounding the corner.