Spencer Cornelia
$50k Loss on First Two Flips | Out of State Investing Gone Wrong
19 January 2025 | 9 replies
But ultimately the responsibility lies in my hands.I jumped on a seesaw of risk hoping that the momentum would catapult my bank account into six figures only to find out the hard way that flipping houses isn’t as easy as I had predicted.This house was purchased for $64,000 with an expected rehab of $100k to $120k depending on how much work the dilapidated and neglected house needed.The midwest is lovely but the houses carry the weight of weather storms nearly a century old leading to more damage than a beginning investor could expect.The appraisal came in at $225k for my lender meaning our all-in cost would be around 85% of the sales price worst case.
Vidit Maini
Starting my small business
2 January 2025 | 14 replies
Because (depending on the business), they may not be necessary.What are your goals?
Jorge Caceres
Utilities included worth the risk?
7 January 2025 | 28 replies
This may depend on your market, of course, but in general, if all of the nearby MTRs have it, you are going to want it for your units, as well.
Kyle Biggs
What should I do
3 January 2025 | 12 replies
With all of that in mind, I think it would really be dependent on where you see that specific market going.
Kylie A.
Best Business Bank Account For Real Estate Investor
28 December 2024 | 13 replies
Additionally, Chase Ink Business Preferred offers competitive travel rewards and may pair well with their banking services.Bundled Solutions: If keeping everything under one roof is critical, you might explore Silicon Valley Bank or First Republic Bank, depending on your location.
Sami Gren
WHAT to do when adding a tenant to an existing lease?
7 January 2025 | 16 replies
It depends on a lot of factors; primarily the local jurisdiction rules that may limit lease changes (in Portland/Oregon rent, security deposit, screening fees, an no-cause evictions are heavily regulated).
Michael Challenger
First Time Home Flipper Looking to Connect w Lenders
10 January 2025 | 12 replies
Depending upon the Lenders if you qualify, you can get up to 100% in Rehab Financing and/or up to 90% LTV on Purchase Costs.
Salil Surendran
Converting from homeowner to landlord insurance policy
30 December 2024 | 11 replies
This depends on the HOA and the insurance.
Stefhan Malherbe
Selling my property as a Short Term Rental business
1 January 2025 | 7 replies
And if you have been keeping people's contact info, you could pass that on to him as well so he can send out a change of ownership letter.it's just going to depend on the specific property and the specific buyer that wanders along.
Michael Plaks
EXPLAINED: should I trust all those "End-of-Year Tax Saving Tips"?
24 December 2024 | 6 replies
Maybe it can help you in your specific situation, it depends.