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NO EXCUSE, NO COMPLAIN
Making excuses can become a habit that holds you back from achieving your goals. Remember, omplaints and excuses are choices-choose to rise above them.
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New comment 1d ago
2. [NEXT STEP] Introduce yourself!🌎👋
🏆 Everyone has a different reason for joining this community... Maybe it was the course curriculum, guidebooks, resources, assets, bonuses, the chance to get coaching calls with Julie, the guest expert sessions... 🌎I will say this... what you will find to be FAR MORE VALUABLE than all of that combined is...THE COMMUNITY HERE! 🦄If you are making the mistake of not posting your introduction here, you are missing out on so many potential connections, the opportunity to give and give advice, get encouragement, interact with like-minded people, create partnerships, and the ability to share your gifts and to receive support from our members. Put yourself out there, let us know.... 1. Who are you and where are you from? 2. Have you done any investing, if so, what kind? 3. What can you contribute to this community? 4. What could you use some support with? 5. What made you want to join us? 6. What book would you recommend to everyone? 🎁This will allow you to make some lifelong connections here and allow us to celebrate you, your gifts, your wins, and support you every way we can along the way. If you have not commented below with your introduction yet... PLEASE TAKE 2 MINUTES TO GET IT DONE :) 🏆IMPORTANT: Let’s all rise on the Leaderboards. The more you post, press the heart to Like other people’s posts, comment on posts, and like all their comments… the more we ALL WIN TOGETHER! ❣️Thank you for being here... I am truly grateful for YOU! Click here to go to the Introductions area and create a post!
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New comment 2d ago
CELEBRATE SUCCESS
Success is a journey, not a destination. Take the time to celebrate every small win along the way, as they are the building blocks of your larger goals. Acknowledge your progress and let it motivate you to keep moving forward!
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Submitted my offer...
Hey everyone! I hope you guys are doing well, especially anyone in the hurricane region who might have been or have family/friends who were affected by the recent hurricanes. Tonight's post is because I submitted an offer on a house that I posted about a while ago. I had found it by driving for dollars and contacted the owner. The property is pretty rough now...but it's a DIAMOND in the rough. The area is highly appreciating. Also, I just saw on the news that there are future plans for a light rail stop to be located just around the corner from this house. Here is my calculation and offer: 75% of ARV - repairs = Max Allowable Offer 75% of $270,000 = $202,500 Repairs: $132,000 (it needs EVERYTHING) New HVAC, electric, plumbing, roof, water heater and everything in between. My offer: $70,000 I will keep you posted. If the owner accepts my offer, that's great and I will take you with me for front row seats of how to renovate a property! If not, I will look for another one.
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New comment 22d ago
Submitted my offer...
Evaluating a deal...
Today I visited a property to assess it as a potential deal. The house is located in a revitalizing area that is appreciating in value. There are newly built homes all around this one, to the left and right of it. The potential ARV is approximately $250,000. I was very hopeful that this would be a great deal! However, it's in bad, bad shape. The house would need heavy demolition and to be gutted. There is asbestos siding (which has special instructions for discarding), but it can have siding applied over it, which costs less. All major mechanical systems would have to be completely replaced (electric, plumbing, HVAC) along with subflooring, all new kitchen, bathroom, all walls and ceiling need new drywall, the oil tank currently used for heating, and more. My contractor wasn't available today for the walkthrough, but I may just pass on this deal anyway due to the likelihood of finding additional issues that would drive up renovation costs and potentially delay the project (adding to excessive holding costs) to get proper permits and inspections. Generally, my calculation for an offer that I intend to Buy & Hold is 75% of ARV - Repairs = Max Allowable Offer. In this case it would be $250,000 - $138,040 = $111,960. The repair cost that I used was a general total of about $140/SF. I found this deal by Driving for Dollars. On my drive in a good neighborhood, I had noticed a For Sale sign with a phone number attached to the front porch of this property. The number wasn't in service, so I did a public record search of the owner's information and found a P.O. Box for him. I sent my hand-written letter about two weeks ago, and last week his daughter reached out to me. The owner, her father, had passed away a couple of years ago and the property just got out of probate. So, I arranged to walk the property today. I'll need to crunch exact numbers on what renovations/repairs for this property will cost and speak with some hard money lenders, then I can make a decision about whether to renovate or pass.
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New comment Oct 12
Evaluating a deal...
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