I was thinking of acquiring a 3 or 4 flat using the fha 203k or Fannie mea homepath rehab loan.My credit is 680+, fulltime job 4rs, few thousand in my 401k and a couple in the bank.I once read that the best way to get started is to do 1 or 2 flips in the beginning, can anyone attest to this?

My friends have been flat flee listing their rehabs through redfin, they still pay the buyers agent but there really is no need IF you are savvy in the sales transaction side of things.I'm not the biggest fan of most realtors, but I do think they are needed for Bob and Susie homeowner to complete a transaction but not a well qualified real estate investor on the selling side.

Try to be more specific please, that's a very broad street.Saying wholesale presents problems as most attempt it here as they are not in title to the property and agents may be restricted locally or by their broker of taking listings from only those in title.An agent is then in a position of disclosing they mat offer the right to purchase rather than the property by an assumption of a contract.If a wholesaler takes title, they are just as any other listing client.Acting as a buyers agent, your agreement needs to be based on a transaction rather than taking title, flat fee, commission or by the hour assistance.

Rent collected Sept 1 gets disbursed Oct 31, thus it took 3 months to get anything.2) Monthly fee, even if vacant is consistent (I have properties in OH, VA, And Las Vegas, and they dont charge when vacant, but baltimore does).3) Ive seen a couple of firm thats charge 8% of monthly rent, but its usually 10% a month, or a flat fee of $75-$100 if no rent collected (talk about low incentive for finding a tenant).

I'm having some plumbing problem in my three flat and I believe that some lines may need to be snaked.

That means either hiring an agent yourself or using a flat fee listing service.I'm not a fan of flat fee listing services in general (I've written long posts about why I think they aren't good for sellers)...but listing wholesale deals is the one place where I think flat fee listers are a great resource.

OK fellow BP Milwaukee investors, you know what is popular here, can you vote on a decorating dilemma.I have an upper flat in Tosa that in the past been harder to rent than my other units because it has an ugly dark brown carpet in the LR & DR.I'm tearing out the carpet September 1.

Such contracts are unique to the property addressing such things as engineer reports, building/business compliance, zoning issues and a list of pitfalls.A letter of intent is common in commercial prior to making a firm offer to put the deal in negotiations, you might ask for the first right of refusal during the process but tie it up at a price before spending money on due diligence.I'd say you need local assistance, if you can get a broker to assist at this point for a reasonable flat fee or 1% it would probably be well worth it, they don't have to find your property or search for you, just do the contract and take you to closing.

I want to get creative on his ROI instead of a flat 8-10% return.

Hi @Nicole PettisI can't speak for everyone here but I would think it's safe to say that we've all run into others, both family members and friends, who just flat out don't understand what it is we do.