1 January 2021 | 10 replies
Hopefully most of the former with a healthy respect for the latter.
31 December 2020 | 5 replies
Thank you, prosperous & healthy New Year
5 May 2021 | 1 reply
Purchase price: $127,000 Cash invested: $26,000 Sale price: $186,900 Quick 3 month fix and flip in Westminster with 26k invested and a healthy profit margin over 10%.
1 January 2021 | 6 replies
Purchase Price $95,000.00 Estimated Repair Cost $40,000.00 ARV $189,000.00 Purchase Price $95,000.00 Purchase Closing Costs $3,800.00 Repairs $40,000.00 Holding Costs (W/S/G/PUD/etc) $6,000.00 Down Payment (Skin in the game) $15,000.00 Total Invested $144,800.00 Total Cash Needed From Lender $129,800.00 Points charged by lender 2.5 Points added to loan+ servicing fee $4,745.00 Total Loan Owed Lender $134,545.00 After Repair Value $189,000.00 County Excise Tax Rate 1.53% Excise (sale) tax amount $2,891.70 Realtor Fees 6% $11,340.00 Our Closing Costs $3,000.00 Their closing costs (they'll ask) $3,000.00 Total debits at closing $20,231.70 Total cash received if sold now $168,768.30 Total Money in The Deal $149,545.00 Total Profit (pre-income tax): $19,223.30
31 December 2020 | 5 replies
I find that they are generally more careful with money than a property manager, as the board of directors all have skin in the game.2.
7 January 2021 | 24 replies
We acquired more properties than any previous year, got almost all of our rent (missing December rent from one tenant) and stayed healthy.
5 January 2021 | 1 reply
I'm in the Spartanburg South Carolina area and I feel as if I already know a lot about real estate but feel as if getting that license would help me get more skin and knowledge in the game.
12 January 2021 | 4 replies
Tell them how your health is being effected by this.
12 January 2021 | 6 replies
There is more than one way to skin a cat.
14 January 2021 | 14 replies
I'd rather have my skin in the game and own some property rather than that.