5 December 2013 | 7 replies
The money you spent out of pocket including down payment, closing costs, inspections, etc, etc.
19 August 2015 | 8 replies
The big box stores tend to be on the high side of pricing because they act like a middleman.
6 December 2013 | 9 replies
That's right I know people with 100k of student debt with a major in the field that only pays 30k a year starting out.Some people are entrepreneurial and just do not want to be boxed in as they are not wired that way.
28 May 2014 | 20 replies
"Money spent is a personal testament--the receipts absolute proof of your priorities."
5 December 2013 | 80 replies
You make a few bucks flipping but you make millions buying, fixing, and keeping rentals. if you keep the rentals you have write offs, appreciation, depreciation, rental income, and it's taxed different than flipping.All deals done in Southern California....over the past 21 monthsDeal #1 got offer accepted at $100K for a duplex, wholesaled it for $107,000 to a cash buyer, netted $3500 +/-Deal #2 got offer accepted at $105K for 3/2 SFR, wholesaled it for $112K to same cash buyer, netted $3500 +/-Deal#3: paid 85K cash for 2/1 SFR, spent $15K on rehab, sold for $140K#4: paid $86K cash for 2/1 SFR, spent 15K on rehab, sold for $156K#5 paid $104K used hard money for 2/2 SFR, spent 14K on rehab, sold for $170K (put 20% down, plus rehab, and holding cost, total investment was $40K, netted $30K in 90 days#6 paid 85K used hard money for 3/1 SFR, spent ZERO on rehab, sold for $127K (buyer paid $110,000 cash, and agreed to a $17,000 1 year balloon note at 9%, which will pay off next month, created $125/month income for 12 months, and a nice pop is coming!)
14 December 2013 | 36 replies
Also boxing in the USMC (Light Heavyweight) was a great experience.2) Started a business with a business partner that brought sales ability and some capital to the table, when we made money wanted his capital out, we disagreed how to do that, we ended up divorcing our relationship, not fun rebuilding the business.3) Went door to door selling business health insurance as a young buck, lots of rejection, didnt care, tenacity was the rule.
19 March 2015 | 18 replies
He also emailed out some of his slides, spreadsheets and documents with us so we have the details to hand.I thoroughly learned all the math to buy a good deal: maximum allowable purchase price, cost per unit, gross rent multiplier, net operating income, cap rate, debt service rule of thumb (.007), profit per unit, cash on cash return, coverage ratio and expenses rule of thumb percentages.I learned questions to ask a broker, the order to do things (check math before offering, confirming expenses before viewing property), how to use hard money lenders, negotiating with vendors and dealing with their objections, using vendor take back strategies, what to do in due diligence (everything), a list of clauses with how they benefit the purchaser and how to negotiate with them, how to stack the clauses, strategies for becoming a RE entrepreneur, ideas for creative financing, how to do no money down deals, how to make offers, what types of exit strategies affect the negotiations and more.I haven't spent much time on this site yet so this is probably covered along with lots more.
9 December 2013 | 2 replies
I've tried entering "NH" in the search box, but I get a message saying "search term is too short".
29 December 2013 | 29 replies
I get continuing education classes constantly, I actually pay taxes and I don't necessarily do the installs, I have people to do that, because if I spent all day changing equipment, I wouldn't have time to do other calls or build my business, which requires marketing, another expense.When selling or renting a house, does the real estate investor only charge what they need to scrape by.
19 December 2013 | 5 replies
The problem is if you really spent $250 it is in a neighborhood that is only worth $175.