All Forum Posts by: Account Closed

Clarity Equity Group has been working on a new website since September 2019. We are now in the final stages of production and weeks away launch. Through this process I have learned many important new concepts about websites, content, and SEO (Search Engine Optimization).

Our goal is to replace our old website, create a more modern sophisticated website that explains exactly what we offer in an elegant manner and is easy to use for the user.

To my Bigger Pockets family. What draws you in as a new user when visiting another professional's website?

1. What is important to have that makes you stay and seek more content?

2. What makes you immediately exit the page and not return?

3. How important is the design and navigation of the website?

4. If the website is poorly designed, is that a NO on the potential new relationship?

5. What content/information excites you to the point of subscribing to their email list?

All thoughts are welcome and greatly appreciated. Happy Monday all!

Fletcher/Consultant/Clarity Equity Group

Hello, 

What would you do if your tenants start to call you and say they can't pay their rent because coronavirus problems cut them from income and they are in crisis?

Are there any rent program assistance offered by government? Thank you in advance.

Admittedly, the title is a bit of a teaser, but it's 100% true - and it's simple!

Let's say you have the means to purchase a property in cash - keep it simple, $100K.  You need to put $10K into it to bring it up to "lendable" condition.  Once you've done so, you get it appraised, and it comes back with a value of $160K.

You can immediately pull out 100% of the amount at which you purchased the property - yes, you get ALL $100K back.

Let me give you a real-life example:

An investor we work with in Arizona bought a distressed property (the kitchen had been completely torn out) for $111K.  He put $10K into it for a new kitchen, and the rehabilitated property appraised at $144K.  The loan product mentioned above allowed the investor to do one of two things: pull out 100% of the purchase price or 75% of the new appraised value, whichever is less.  In this case, 75% of the appraised value is $108K, $3K less than the original purchase price.

So, he pulled out $108K and had a mortgage (PITI) of just under $700/month. He rented the property at $950/month, so he made a little over $250/month. In one year, that's $3K.

Let me get just a little more nerdy here:

He put $121K into the project, and he pulled out $108K - all in, he invested $13K. In his first year as a landlord, he netted $3K - that's an ROI of 23% - and he owns a property that increases in value each year. With the $108K that he pulled out initially, he is in a position to find another distressed property and do it again (and again, and again). Questions?

I bought my first small multifamily BRRRR deal in January of 2019 and started collecting rent for it in October of 2019. I am assuming now that I own a property, it would be wise for me to get a CPA because I have heard plenty of times that a good CPA will save you more than what you pay them. Where should I look to find a good real estate savvy CPA and what questions should I ask to make sure they are a good choice for me? I live in San Antonio by the way. Thanks for taking the time to read and reply!

When I was home for spring break, I started to do some research on a house down the street from me that has been vacant for a couple years. There is some work to be done, but it looks like it would be a perfect little rental house with a few cosmetic repairs.

The only thing I am skeptical of is the neighborhood. It is not in a crime zone or anything like that, but it is just an older neighborhood with mostly owner occupied homes. I just don't know what the demand would be for a rent house in this particular area. 

What are some tools you use/things you look for in a neighborhood to determine if it would be a good area to invest in?