Mike Higgins (@meetmikehiggins) 's Twitter Profile
Mike Higgins

@meetmikehiggins

Tweets about - Off-market deals | flips | wholesales | buy & hold | Creative finance | Bootstrapped with a hybrid approach.

ID: 180751474

linkhttps://mike-higgins.ck.page/8255a9c97e calendar_today20-08-2010 11:32:54

17,17K Tweet

19,19K Followers

736 Following

Mike Higgins (@meetmikehiggins) 's Twitter Profile Photo

How do I buy a property with no money down? Everybody says it’s possible, but nobody explains it. Here’s the tactical breakdown: (short) 🧵

How do I buy a property with no money down? 

Everybody says it’s possible, but nobody explains it. 

Here’s the tactical breakdown: (short)  🧵
Mike Higgins (@meetmikehiggins) 's Twitter Profile Photo

Rule #3 of not losing money in real estate: Whether you’re budgeting money or time, make sure to add at least 10% Always. You’ll still go over budget or time, but you’ll be a lot closer to the original number. It’s like a law of the universe.

Mike Higgins (@meetmikehiggins) 's Twitter Profile Photo

Looking for 1, maybe 2 friends to go in on buying the Lakers. $10B purchase price. Oh yea, and the 2 friends need to bring $9,999,999,999. I’m good for $1

Mike Higgins (@meetmikehiggins) 's Twitter Profile Photo

New investor mistake I see constantly: Spending 6 months analyzing the "perfect" market while someone else closes 3 deals in their backyard. Stop looking for Boise. Stop looking for Memphis. Look for a property within 30 minutes of your house that cash flows $200+/month.

Mike Higgins (@meetmikehiggins) 's Twitter Profile Photo

Do you think I have ADHD? (A glimpse inside my brain) trust me, it’s a roller coaster. Walking into Aldi this evening to get a few essentials, I saw this sign. Immediately saw the words quarter & back. Then my brain was off to the races: ā€œQuarterback. Hmmm I wonder why

Do you think I have ADHD? 

(A glimpse inside my brain) trust me, it’s a roller coaster. 

Walking into Aldi this evening to get a few essentials, I saw this sign. 

Immediately saw the words quarter & back. 

Then my brain was off to the races: 

ā€œQuarterback. Hmmm I wonder why
Mike Higgins (@meetmikehiggins) 's Twitter Profile Photo

There’s no need to pay a contractor up front if they are not buying any material. We always buy our materials for our projects. (This helps control costs) Don’t just pay a contractor 50% up front because it’s what they ā€œtypicallyā€ do. Contractors are historically bad money

There’s no need to pay a contractor up front if they are not buying any material. 

We always buy our materials for our projects. (This helps control costs) 

Don’t just pay a contractor 50% up front because it’s what they ā€œtypicallyā€ do. 

Contractors are historically bad money
Mike Higgins (@meetmikehiggins) 's Twitter Profile Photo

Your first rental property doesn't need to be perfect. It can look like this: Buy for $93k Put $35k into it Rent for $1,400/month Profit: $147/month "Experts" say it's was a terrible deal. That "terrible" deal will teach you more than 50 podcasts ever could. Start Ugly,

Mike Higgins (@meetmikehiggins) 's Twitter Profile Photo

I've analyzed thousands of real estate deals and have done 100s of transactions. I can tell if a deal is worth buying a napkin and a pen within 5 minutes. I’m building an app to make it easy for anyone! Comment 'calculator' and I will DM (must be following) you the link

I've analyzed thousands of real estate deals and have done 100s of transactions.

I can tell if a deal is worth buying a napkin and a pen within 5 minutes.  

I’m building an app to make it easy for anyone!  

Comment 'calculator' and I will DM (must be following) you the link
Mike Higgins (@meetmikehiggins) 's Twitter Profile Photo

This $400k flip took me 15 seconds to analyze with my new app. ARV: $400k Rehab: $80k Max offer: $235k Instead of spreadsheets and guessing, everything auto-populates from public data. See the demo: šŸ‘‡

Mike Higgins (@meetmikehiggins) 's Twitter Profile Photo

Start sourcing your own deals and stop relying on bad wholesalers. Reason #17 why we rarely buy from wholesalers. They don’t know their numbers and take half of the potential profit. ā€˜EASY $55k’ Last week it was only $50k, but now that they couldn’t sell it, and dropped

Start sourcing your own deals and stop relying on bad wholesalers. 

Reason #17 why we rarely buy from wholesalers. 

They don’t know their numbers and take half of the potential profit. 

ā€˜EASY $55k’

Last week it was only $50k, but now that they couldn’t sell it, and dropped
Mike Higgins (@meetmikehiggins) 's Twitter Profile Photo

Most newbie investors waste months on BiggerPockets forums asking: "Should I buy this deal?" Posts 47 screenshots Better question: "How do I find 10 more deals like this one?" Analysis paralysis kills more real estate dreams than bad markets ever will. Pull the trigger. Fix

Mike Higgins (@meetmikehiggins) 's Twitter Profile Photo

Banks will lie to you about investment property loans. "You need 25% down minimum." Here's what they don't tell you: Portfolio lenders: 10-15% down Seller financing: 0-10% down House hacking: 3.5% down (FHA) DSCR loans: 20% down, no income verification Your Wells Fargo loan

Mike Higgins (@meetmikehiggins) 's Twitter Profile Photo

Are all the things I’m currently engaged in, taking me where I want to go? What an important question. Step 1: where do I want to go? (Aka, what are your goals/vision) Step 2: How do I get there? Step 3: Are the things I’m doing today on the list of step 2? Step 4: stop