17 February 2020 | 7 replies
I find financing, look at wholesale deals of single family, run the math, if cost+rehab+holding+insurance is under 60% ARV I write scope of work, get financing and insurance and buy, get bids from contractors I've vetted, write good contracts with a real estate attorney, hold contractors accountable daily or replace them, get second opinions along the way, pay contractors as work is done right, sell the thing at a competitive rate, pay off financiers and profit.
28 January 2020 | 1 reply
He will now have to wait until our transaction is complete and pay me for access, but now the church is knocking my door to purchase the property and control who their neighbors are.
28 January 2020 | 4 replies
I’ve been on the buyers side of a transaction where there is a low-cost/flat fee brokerage, and it’s been a lot of work for the buyer’s agent.
28 January 2020 | 7 replies
You have to pay a lot of transaction costs and the realtor.it sounds like the cash flow would be weak though, especially considering you have such a small loan on it compared to the value of it.
29 January 2020 | 7 replies
Even though you have large search radius, at the end of the day most of the support an agent provides for you will focus on understanding buildings/layouts, analyzing deals and providing comps, and then making sure your transaction is logistically smooth.
29 January 2020 | 11 replies
Hey @Hayden Smith,Thats awesome to hear you are getting out there and making transactions happen.
28 January 2020 | 4 replies
Do you have to use a realtor for this transaction?
27 January 2020 | 2 replies
My partner and I reached out to the manager almost daily for about a week and a half before finally getting a response.
28 January 2020 | 11 replies
This will allow you to identify normal costs that occur on both the buy and sales side of the transaction.
2 February 2020 | 4 replies
It also sounds like you did not actually renovate, so it will not look like a rehab/fix/flip transaction.