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22 August 2024 | 10 replies
I was looking for potential Fourplex / Duplexes that are in good condition and living there for a year perhaps however.
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20 August 2024 | 3 replies
Typically, if one condition can't be met "The usual way"... there is another way to meet it.
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22 August 2024 | 4 replies
If the drywall is in good condition overall and just needs cleaning and paint, this is probably you're most practical path forward.
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22 August 2024 | 17 replies
I know when I looked into it, out of curiosity, there were many restrictions/rules/conditions.
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21 August 2024 | 3 replies
I'd really appreciate the chance to review the terms and conditions before making any decisions.If you've gone through this process and have insights to share, I'd love to hear about your experience too.Thanks in advance for any help you can offer!
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21 August 2024 | 10 replies
I only have student loan debtI have a full-time remote jobI have no prior experience in real estate investingMy credit score is high 700'sHere are the details about the property in Zenda,WI:Asking price: $235KIt’s being sold by out-of-state heirsIt needs at least $50K in repairs and updatesThe neighboring house recently sold for $235K (though I don’t have details on its condition before the sale)A family friend who owns a construction company assessed the property and noted the following:Replacement Needed: Furnace, Water Heater, Water Softener, Floor (concrete replacement needed due to unevenness), Roof, GuttersUpdates Needed: 1.5 BathroomsConcerns: Black mold and water leak marks upstairsRemodel Suggestion: The staircase is very steep and narrow; recommended to relocate and extend it into the living spaceAdditional Work: The property slopes downward, allowing rain to flow into the house.
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20 August 2024 | 14 replies
If you were and lose the value of the rental, then subtract the rental amount from the total price to arrive at the reduced value to you.Are you asking HOW to negotiate a lower price based on this uncovered information concerning the property condition?
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25 August 2024 | 13 replies
No tours at all and according to everything I can find the property is in better condition (new construction) and less per sq. foot than surrounding comps.Any suggestions!?
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20 August 2024 | 4 replies
Key factors include your experience level, credit score (600+), down payment (10-30%), property appraisal and ARV (65-70% of ARV), project scope and budget, exit strategy, cash reserves, market conditions, and lien position.
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21 August 2024 | 7 replies
@Mary BurnsA 1031 exchange with a related party, such as purchasing property from your mother's estate, is allowed under IRS rules but comes with strict conditions.