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13 July 2018 | 1 reply
Hello BP,We recently acquired a condo in Falls Church,VA area through court house for flipping.The owner/occupant was a old lady did not move out after we purchase the unit.While we are in legal process to get possession, i received a call from the HOA today that the neighbors of this unit observed a foul smell and called the police to see what is going on.we are breaking the lock as soon police arrive and get into the property.The smell could be from the leftover food or could be anything.To prepare for a worst case, i am trying to understand how to deal with the situation and get some affordable master cleaner referrals.Thank you,Vinod.
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13 July 2018 | 2 replies
So far, we have not had any issues with appraisals coming back lower than this 5k bump.Where we are nowCurrently, we have 3 flips, one of which is on the market and the other two will be on the market in the next two weeks.
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14 July 2018 | 2 replies
We are currently in the knowledge seeking and capital building phase with the goal of acquiring our next rental property in late 2019 or 2020.
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13 July 2018 | 2 replies
We are specifically wondering about selling it.
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9 September 2018 | 9 replies
We are about to close on a flip, and it's the first one that we set up as an LLC with S-corp tax.
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14 July 2018 | 3 replies
We are looking forward to learning more about real estate and connecting with members.
13 July 2018 | 2 replies
These are the details about our house.Purchase price: $855,000Current approx value: 1,100,000Current monthly mortgage payment: $3100 /monthProperty taxes ~ $11,500 /yrRents in the area for a similar house: $3200 - $3400Given the numbers, I understand that this would not qualify as a good rental property but given the crazy real estate market in the bay area we are worried we would not be able to purchase again should the market appreciate at the rate it has been in the past if we sell this house now and live in an apartment for a few years.
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19 July 2018 | 3 replies
We recently acquired a property that we are going to brrrr.
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18 July 2018 | 9 replies
Everything thing worked great and best part of HELOC is we are only paying on cash I need to use at this moment.
26 July 2018 | 7 replies
Kevin, looks like we are in the same boat.