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Calculating Profit  

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annettevalle
(@annettevalle)
Active Member

I don't know if this is right...
Cash
6,800 Purchase 9,320 - 3,000 = 6,020
2,500 Repairs 700.00 * 12 = 8,400
9,320 all-in 8,400/6,020 = 1.39 = 140%

29,000 Resale
3.000 Down N = 60
26,000 Finance 1/YR = 9
PMT = 700.00
Terms 5yrs @ 9% PV = 33,721.36
700.00 Monthly
425.00 Lot Rent
1,125.00 Total payment
Thanks...Annette

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Posted : 14/07/2020 5:34 pm
LadyBug1964
(@ladybug1964)
Active Member

How do you calculate the resale value? I thought that I would double the amount at which I purchase the home for. Is this correct or did I miss a lesson?

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Posted : 08/10/2020 9:39 pm
leedema
(@leedema)
Newbie

Great information thus far! Going to review the Grant Kemp Videos as suggested before moving forward.
Thanks again for all the value! Its the most I've seen thus far!

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Posted : 14/10/2020 2:51 am
Daniel Moore
(@danielpropelio-com)
Member Admin

I look at likely resale value as my total investment is not a great gauge of market value. As I mentioned in one of the videos i have an established process for determing my sale value

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Posted : 16/10/2020 5:41 pm
Daniel Moore
(@danielpropelio-com)
Member Admin

I didnt quite follow the math - I am not sure if it is right or wrong unfortunately

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Posted : 16/10/2020 6:14 pm
Dennis Henderson
(@dennismhendersongmail-com)
Newbie

I'm from Florida and looking at the usury laws we need to stay under 25% I/YR. However I'm trying to understand how fair market value vs usury laws apply. How is selling a home at $20,000 over 5 years with a low interest any different than selling a $10,000 property at a high interest? Are the laws to protect people from getting duped by thinking they are paying less for a property where Principal + Interest is really what they are paying?

Example: I found a single wide that I can pick up for about $4,000, will require about $4,000 in repairs, All-In cost $8,000. Rents here go for about $850 for this, and the lot costs $455 a month. So $395/mo or $4,740 annual cash flow. So saying I would sell this at $20,000 for 60 months, would be a 6.89% interest. But at the same time, if I were to say I'd sell the property for $10,000 with the same terms, the I/YR would be 41.12%. I want to ensure I'm staying legal and providing a legitimate service, but trying to understand the difference here.

Also, let me know if you think this would be a good buy, thanks and Happy new Year!

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Posted : 01/01/2021 6:08 pm
bfrazier007
(@bfrazier007)
Newbie

Thanks for this info man! Amazing!!!

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Posted : 03/01/2021 7:48 pm
bfrazier007
(@bfrazier007)
Newbie

Cant understand any of the math.

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Posted : 03/01/2021 7:49 pm
Daniel Moore
(@danielpropelio-com)
Member Admin

You're welcome

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Posted : 02/02/2021 11:11 pm
Daniel Moore
(@danielpropelio-com)
Member Admin

Great questions, but at the end of the day it seems like you have a probable deal, just need to get the fine details worked out. I would contact a local atty for more details, just be weary of any atty that says what you are doing can't be done, I find many atty do not know what they are talking about.

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Posted : 02/02/2021 11:13 pm
majicmobilehomes
(@majicmobilehomes)
Active Member

Hi Daniel! Again THANK YOU!
Question.....why do you use LIBOR and not PRIME plus 5-10%

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Posted : 17/02/2021 7:45 pm
majicmobilehomes
(@majicmobilehomes)
Active Member

I just had to add....Daniel you have clearly made an impact on so many lives, I can see it as I read through the comments and I agree with everyone out there!! I too am blown away with your generosity. I was hitting an all time low and your videos and teachings has begun to turn my life around. So thank you.
YOU will definitely be one of the FIRST to know when I strike my first deal. THANK YOU MUCH APPRECIATED!!!

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Posted : 17/02/2021 7:58 pm
Daniel Moore
(@danielpropelio-com)
Member Admin

Looking forward to it

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Posted : 17/02/2021 10:56 pm
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