Borrowing Money for Your First Real Estate Deal & How to Raise Rents

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  • Опубликовано: 5 дек 2024

Комментарии • 23

  • @JevonMusicGroup
    @JevonMusicGroup День назад +1

    11:52 Price, condition, and marketing... absolutely. But also location.

  • @jalabi99
    @jalabi99 День назад

    22:09 Take the property's ARV, subtract expenses (closing costs + holding costs + commissions), then subtract the desired profit. That will be your maximum allowable offer.
    Closing costs are around 5K to 10K.
    Holding costs are around 1K to 2K per month, times the number of months it will take to do the flip.
    Desired profit is usually the same amount paid for the rehab.

  • @justinproffitt6149
    @justinproffitt6149 День назад +1

    Good episode fellas! i learned some landlording tips. I have a rental property that I leased out on Feb 1st and yes trying to turn a property over Nov-January sucks. I just proposed a 6 month lease to my tenants tonight.

  • @investorfriendlycpa
    @investorfriendlycpa День назад

    Great insights as always! Keep the valuable advice coming!

  • @thomaskreiling3045
    @thomaskreiling3045 2 дня назад +1

    Enjoyed this one

  • @aprilvancleve9463
    @aprilvancleve9463 2 дня назад

    "9 out of 9"... I'm going to start using that! Lol
    Thanks for the answers and the chat as always. I appreciate you sharing your knowledge.

  • @marcburden9832
    @marcburden9832 2 дня назад

    Is it just me or did you never answer "if the deal goes bad" part? The rest of the video was excellent!

  • @MaximinaCaudle
    @MaximinaCaudle 2 дня назад +1

    nobody talks about the ebook How To Print Money for Moms by Mrs. J, but it’s the best guide for moms wanting more financial freedom

  • @ARTUROWaite
    @ARTUROWaite 2 дня назад

    if you’re a mom looking for answers, read the ebook How To Print Money for Moms by Mrs. J-it’s exactly what you need

  • @EDUARDOAaron-l8w
    @EDUARDOAaron-l8w 2 дня назад

    why stick to guessing when the ebook How To Print Money for Moms shows step-by-step how to boost your finances

  • @WallStreetIceCream
    @WallStreetIceCream 2 дня назад

    I have good credit need capital how can i tap into OPM

  • @Caribbean_King
    @Caribbean_King 2 дня назад

    Comment of the century! ⬅️

  • @omarmagallanes4738
    @omarmagallanes4738 2 дня назад

    Did u permanently move to Europe?

  • @sandraavalos9501
    @sandraavalos9501 2 дня назад +3

    Guys, denying a loan to first time flippers is hypocritical, how is anyone going to have experience if everyone denies them an opportunity! my humble opinion,

    • @aprilvancleve9463
      @aprilvancleve9463 2 дня назад

      I've been saving for a first time flip for a very long time. It's a years-long uphill battle but I am determined to get there! I wouldn't want to borrow private money at this time because I know I'm risky.

    • @mikesilva8961
      @mikesilva8961 День назад

      I’m struggling with that now if think if you partner up with someone that will count towards experience

    • @chriseddie2245
      @chriseddie2245 День назад

      Would you lend money to someone who had no experience flipping?

    • @aprilvancleve9463
      @aprilvancleve9463 20 часов назад

      @@chriseddie2245 Not unless they were family or very close friends... Even then I don't like mixing business and family.

  • @RikRule
    @RikRule 2 дня назад +1

    First comment !

  • @NOBLEHTX
    @NOBLEHTX 2 дня назад +1

    Second comment!
    😮

  • @chasedavis7943
    @chasedavis7943 2 дня назад

    Comment of the millennium! 🎉

  • @OLLIEOxendine
    @OLLIEOxendine 2 дня назад

    this is fine and all, but the ebook How To Print Money for Moms gives real, practical solutions for busy moms

  • @ErnestinaLarios-j1n
    @ErnestinaLarios-j1n 2 дня назад +68

    why stick to guessing when the ebook How To Print Money for Moms shows step-by-step how to boost your finances