Andrew Besecker
First Fix and Flip
7 July 2015 | 1 reply
Walls/Ceiling Painted w/ 8ft ceilingsNew front doorKitchen/ Dinning room 259ft^2Wall paper removalNew counter topsAppliances- (fridge, stove-top, oven, range, dishwasher)Replacement Window- 1(3'x3')Walls/Ceiling Painted w/ 8ft ceilingsLaundry room/mud room 180ft^2New flooringWalls/Ceiling Painted w/ 8ft ceilings3/4 bath on 1st floor 100ft^2New flooringNew vanity+sinkWalls/Ceiling Painted w/ 8ft ceilingsInterior Floor 2Bedrooms + Hallway 570ft^2Replacement Windows- 7(2.5'x5'), 1(1.5'x5')Walls/Ceiling Painted w/ 8ft ceilingsCarpet all including stairsFull Bath 2nd Floor 76ft^2New FloorNew vanity+ sinkReplacement Window- 1(2.5'x5')Walls/Ceiling Painted w/ 8ft ceilingsExterior WorkSidingFront and back vinyl- washsides are wood- sand and repaintGarage 1.5 StallCement Siding- Stripe and repaintNew door + mechanicsFront Porch (wood)Repaint wood flooringBack Porch (wood)Re-levelRebuild railingPaint flooring and ceilingBasementMoldNo A/C unitIf someone who rehabs houses could give me a reasonable maximum offer to stay below that would be much help.
Lenzy Ruffin
Must a single family home be brought up to electrical code to be a rental?
8 July 2015 | 20 replies
It doesn't matter much if it legally NEEDS to be brought up to code, any Home Inspector worth the paper pulp in his certificate WILL call that out as a potential issue, and the new Owner's Insurance company will likely call attention to it, too.
Sunny Suh
Diary of my first step: Jersey City NJ Multi-Family- No experience, no idea what i'm doing, no regrets
13 June 2020 | 62 replies
Tenant later told me it was a big dangerous and liable hole for a few days....Anyway, I must have put my "john hancock" on so many different papers that my signature started looking like scribbles towards the end.
Account Closed
How soon do I ask if they will carry a contract?
9 July 2015 | 8 replies
Find a problem, then offer a solution to the problem...if you need them to carry paper and they need all cash, it is not a win win, and move on to the next deal.
George Gipson III
Multiple FHA loans
29 June 2016 | 6 replies
You can get a second FHA loan if:1) you cosigned on a FHA loan for another individual but you now want your own home 2) you were divorced and no longer cohabitat the home with your ex-spouse and now want to buy your own3) larger family size and can literally document a larger household now via mammogram, adoption papers, letter of explanation,etc4) you are relocating to a new area and would like to use the FHA program again and have employer documented relocation papers/job offer to make any of the above work you need adequate time to plan, documentation, and a loan officer who can sell the above to their underwriter.Good Luck!
Zaahid Holloman
Mortgages and hard money
8 July 2015 | 2 replies
Even though you have $20K equity on paper, selling will eat up almost half of that.
Charles Worth
Best Investments For an IRA (SDIRA)?
9 July 2015 | 9 replies
I would say no, at least to me.IF you leverage a buy-n-hold in your SDIRA, where taxes *might* come into play, then depreciation *also* comes into play, so that at least 'on paper' (just like outside of the SDIRA) it often looks like there is no 'profit' for there to be a tax on.
John Riendeau
Newbie here! Just want to say thank you to all of you!
9 July 2015 | 9 replies
My credit at this time isnt all to well from when I was younger and still paying school loans at this time.
Alex Stepanov
Performing notes - where do you buy them?
17 April 2016 | 8 replies
You can go to either of the two big Note conferences in Las Vegas, Noteworthy and Paper Source and both will have Vendors with product to buy in addition to plenty of investors to buy from.
Phil NA
Need your advice on damaged rental property
9 July 2015 | 1 reply
That's up to them.The nice thing about being a renter, at your convenience, you can always move to a nicer place at sometimes a less expensive monthly rent.In the mean time, a simple preventative measure could be to wipe down the area with an old towel after showering.