ilmscore | Why I turned down a "Free House" this week

Why I turned down a "Free House" this week

Predictions from this Video

Total: 8
Correct: 0
Incorrect: 0
Pending: 8
Unrated: 0
Prediction
Topic
Status
Proficiency in Microsoft Excel is essential for success in real estate investment.
"if you can't use if you don't want to learn how to use Microsoft Excel you won't be good in real estate and investment and that's just I mean that's just the truth"
Real Estate Investment Strategy
Pending
A 5.5% annual return on investment for a real estate property is considered too low by the speaker, especially in high-cost areas.
"83820 divided by U the cash we would put in which would be 15,000 and that is 5 and a half% which is absolutely nothing in my opinion if you're on the West Coast or California New York some place like that might 5% is it might not be too bad that's 5 and a half% which I would never touch"
Real Estate Investment - Return on Investment
Pending
The calculated profit from flipping a property, after realtor commissions and title fees, is projected to be $5,000.
"now we've got our 13,000 from sell B21 we're want to minus uh the realtor commission and we're going to take out the title fees so now e we'll call that flip profit after we we'll call that flip profit after fees we've got $5,000"
Real Estate Investment - Flip Profit
Pending
If buyer closing costs of $3,500 are incurred, the profit margin on the flip decreases to $1,500, assuming no overruns in repair costs.
"now the problem is uh if you have to pay for buyer closing cost which could be an extra $3,500 now you're down to $1,500 margin on this assuming that you don't go over repairs"
Real Estate Investment - Flip Profit with Buyer Closing Costs
Pending
Proficiency in Microsoft Excel is crucial for success in real estate investment.
"if you can't use if you don't want to learn how to use Microsoft Excel you won't be good in real estate and investment and that's just I mean that's just the truth"
Real Estate Investment Strategy
Pending
A 5.5% annual return on a $15,000 real estate investment is considered very low.
"83820 divided by U the cash we would put in which would be 15,000 and that is 5 and a half% which is absolutely nothing in my opinion"
Real Estate Investment Returns
Pending
After accounting for realtor commissions and title fees, a real estate flip is projected to yield only $5,000 in profit.
"now we've got our 13,000 from cell B21 we're want to minus uh the realtor commission and we're going to take out the title fees so now e we'll call that flip profit after we we'll call that flip profit after fees we've got $5,000"
Real Estate Flip Profitability
Pending
If buyer closing costs of $3,500 are included, the profit margin on a real estate flip could be as low as $1,500.
"if you have to pay for buyer closing cost which could be an extra $3,500 now you're down to $1,500 margin on this assuming that you don't go over repairs"
Real Estate Flip Profitability with Buyer Closing Costs
Pending