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8 August 2018 | 6 replies
Success is an individual thing measured by individual metrics.The wealth-building procedure you describe is the one outlined in The Automatic Millionaire by David Bach.
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16 August 2018 | 8 replies
He measured the house and then walked me through and told me the price, all in, to do the house in any of the ones I liked.
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4 August 2018 | 4 replies
If your anticipated returns(measured by cash on cash and appreciation) are similar to what you expect in buying a local property, I say go for it- if you're off by a few percent, you've learned a valuable lesson.
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10 August 2018 | 5 replies
@Demario Bland tons, my personal favorites are The Book on Flipping houses, The One Thing, ABCs of REI, and The Book on Landlording, and What Every Real Estate Investor Needs to Know About Cash Flow...And 36 Other Key Financial Measures
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9 August 2018 | 33 replies
@Nina Ibrahimbegovic There are a lot of lenders that have more stringent guidelines with non-arms length or "at-interest" transactions (where one person has a greater interest in the transaction).
9 August 2018 | 4 replies
The regular FHA loan program has stringent condition requirements and they do detailed inspections.
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13 August 2018 | 2 replies
And 36 Other Key Financial Measures, Updated Edition: Edition 3"That's all for now, I'll report back on the next deal.
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8 August 2018 | 0 replies
We get dehumidifier that day, cleaned up walls the day after at her request (plans that night), caulk windows, door, and wall/floor corners, and call plumber for good measure.
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13 August 2018 | 4 replies
0 votesNo votes yetDid you guys hear about the law that passed in Missouri (healthy homes measure)?
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17 August 2018 | 8 replies
Here are a couple rent comps that I see in the areahttps://www.zillow.com/homedetails/1872-Central-Pl...https://www.zillow.com/homes/for_rent/48718371_zpi...https://www.zillow.com/homes/for_rent/2088540393_z...Assuming:$1250 for the 2bd / 1 ba$1400 or the 2 bed / 1.75 ba5 or 7 year ARM with a 25 year amort (commercial financing)25% down8% management feehttps://www.biggerpockets.com/calculators/shared/3...This is also assuming there are no big upfront fixes.Probably explains why they've been on the market for 97 days with no changes in status (no pending inspection / no pending feasibility) with a price drop added in for good measure.