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Results (10,000+)
Jeremy Anan What's next after the Seller has signed the LOI?
6 March 2018 | 1 reply
After some back and forth with the seller's agent, the seller how signed and returned the LOI to me.We're now working on submitting the PSA & scheduling an inspection, but my team will be out of the country for 10 days.My question is: I am running any risk of seeing the seller move on and find another buyer because we're "slow"?
Jack B. Will I owe capital gains tax on this sale?
16 April 2018 | 13 replies
I would love to but we focus more on business returns
Holly G. Help analyzing a duplex (newbie investor here!)
7 March 2018 | 2 replies
I'd be interested in your thoughts about this: -Listing price $125k (comps show past solds are between $100k - $115k) -2 units: each unit 3 bed/3 bath ($800 + $850: total rent is $1650/month) Both tenants want to stay-Taxes are between $1750-$1800/year-Home Insurance: getting quotes between $1100/yr - $2000/yr-Good school area: Great schools show elementary/middle/high are between 7-9-in HOA: HOA fees are $40/month - go towards a community pool- property built in 2010- property management at 10% (I debated managing myself but am 1 hour away) -tenants pay all utilities-was part of a huge development that didn't get all developed, there are lots of vacant lots between propertiesMy goal is to get at least $500/month in net cash flow after all expenses are paid at and least 15% cash on cash return
Sajan Jiva Whose your Kick Ass Accountant in Louisville?
13 March 2018 | 6 replies
@Sajan JivaCPA license is a state designation.From a tax perspective - a CPA who lives in NY is not breaking any laws or codes for filing a tax return or providing tax strategies to those who live outside of New York.from an audit perspective - A CPA may be limited in signing assurance/audit related documents to the state that he practices in.You should be eligible to write off the items you mentioned.
David Rubio Referral fees from buyers/sellers in Florida
7 March 2018 | 10 replies
Well more specifically your broker can and in return pay you for it.
Julio Velazquez No Capital ,No Experience , Where to start?
6 March 2018 | 18 replies
the gurus sell the idea of wholesaling as easy and no money down but that couldn't be more wrong. there is no guarantee return on the money invested in marketing . a wholesaler needs to do a lot, a lot of research to the local market where they are trying to find deals. you need to not only find the deal but prove that it is one to a potential buyer/investor. now Im not trying to discourage you, there are plenty of ways of getting started without MUCH money down .you can get a few cards made at a copy/print shop. you can talk to people and let them know what your trying to do. you can build a social media platform which is free. remember as a wholesaler your simply trying to find the deal then sell it at a commission. a friend of mine that is an agent uses their title company  to find information on houses in my neighborhood,  become friends with agents!.
Christopher M. Is Zillow Premier Agent worth it?
3 February 2020 | 4 replies
I think I was reading in "The Millionaire Real Estate Agent" by Gary Keller about mind share and how consumers only have "enough" memory to think of just two or three agents at any given time.
Naina Tara Buy first home in Bay area or invest and wait
26 September 2018 | 25 replies
300 cash flow per month12 months300x12=$3600 cash flow per year3600/30000=12% cash on cash return
Beth Teutschmann Foreclosure and a Triplex - good deals or no? (with pictures)
7 March 2018 | 10 replies
@Beth Teutschmann1-4 family rental decision making is primarily based on cash flow and cash on cash return on investment.No one can tell you yay or nay without looking at those calculations.Brandon from BP shows how to do a very simple cash flow analysis in this video:https://www.youtube.com/watch?
Andrew Tegeler How big is to big? Buying a portfolio.
7 March 2018 | 5 replies
Don't massage the numbers to fit the return you want.