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12 February 2025 | 1 reply
However, I don't like the fact that properties they will show me, they will have a financial interest in, because it could affect my purchase negatively. what are the pros and cons of going with an agent that requires dual agency vs. not?
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5 February 2025 | 1 reply
Purchase price: $125,000 Cash invested: $65,000 Sale price: $250,000 Wish I could have held onto it but needed the money to fund future deals What made you interested in investing in this type of deal?
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5 February 2025 | 0 replies
Purchase price: $270,000 Cash invested: $54,000 A multi-family upper/lower duplex in Ankeny found off-market during COVID.
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21 February 2025 | 14 replies
Quote from @LaShon Evans: Looking to get started this spring with the purchase of my first SFH for a LTR situation.
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21 February 2025 | 29 replies
@Daniel GrantzRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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2 February 2025 | 0 replies
Purchase price: $240,000 Cash invested: $60,000 I purchased this duplex in distressed condition using owner financing for $240K and secured a $60K hard money loan for renovations.
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21 February 2025 | 6 replies
And I don't think anyone else will be able to get a loan if you decide to sell it in the future - which obviously impacts its value.Yes, you can do Conventional, FHA, VA, and USDA loans to purchase existing or new manufactured homes.
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3 February 2025 | 12 replies
I would like to put the money into purchasing another investment property.
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5 February 2025 | 8 replies
Buy: $284,900Rehab: $115,000Holding: $16,500 Points: $3,413 Selling fee: $30,000Insurance hold: $2,000-$2,500 (maybe get back $1,000-$1500 if you close quick)Other title/escrow purchase: $2,500ARV: $500,000Profit: $46,587 (9.25% approx) I would do the deal, especially if you get that gap for rehab closed 3-4 months and tighten up the rehab costs too ($100,000)
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4 February 2025 | 1 reply
Purchase price: $240,000 Cash invested: $39,000 Sale price: $342,000 Held property for 3 years and rented out the property for 2 years with a rental profit total of $22100 How did you finance this deal?