Irina Shetty
Rehab Cost Estimate- too high?
28 October 2018 | 17 replies
I have a 30'x30' (footprint) home with 4 dormers, all hipped, plus the additional top hip, and a porch roof with another hip.
Sam Leon
How to "negotiate" a verbal offer?
19 October 2018 | 3 replies
-Ask what needs repaired (related to pain points - the seller will likely minimize the issues but he/she will internalize all the issues)I typically make an offer first.
Shane H.
Triplex Deal analysis
19 October 2018 | 1 reply
PP $210kDP $15kRequired roof repair $15kInspection currently taking place this morning so unknown additional repair costsCurrent rents $2345 Owner paid W/S/G & exterior electric $544taxes $2200 /yrInsurance (awaiting accurate quote) estimated $1200/yrSeller financing $195k at 5.85% 5 year balloon amortized over 30 years with monthly payment of $1150.
Ryan Smith
Startup Ideas... What would you do?
26 October 2018 | 3 replies
Current house hold income is 140-180k/yr with minimal debt besides primary mortgage.
David Floyd
LLCs vs Insurance only
21 October 2018 | 5 replies
I'm happy to point you to some additional resources, including my own writings here on BP.
Ryan Z.
Reworking debt stack on 3 properties
22 October 2018 | 4 replies
1) If you still live in the property that you bought using the FHA loan, I would cash out refinance to 80% via a Fannie Mae loan, for a loan amount of $148,000.00 with no MI. 2) I would take the additional 15-20K and use it to pay down the 3rd property you bought after having an appraisal to request the MI be removed.
Matt Smith
Small Town Buy With Value Add All Over It
4 March 2021 | 1 reply
This Auction was for a 4/2 on oversized corner lot with an additional 2000+ sf of warehouse space for great price in rural town in Texas.
Tim Kaminski
First Deal Done- Thoughts?
20 October 2018 | 3 replies
Some of the larger expenses-Interior/Exterior Paint, Storm shutters for a few of the front large windows, added additional cabinets to one unit, New refrigerator from Dent/Scratch store after old one died, Laundry units that tenant pays +$50/mo for etc.
Rick Browning
Smoking security deposit
26 October 2018 | 11 replies
In addition, if you have a "smoking deposit" and there is damage not caused by smoking, they may try to fight it since they "swear they didn't smoke inside."
Randy Shun
Challenges Creating an Out-of-State Network
20 October 2018 | 2 replies
Additionally, I feel calling my contacts up on the weekly to discuss listings without being able to physically see the properties may exhaust the relationship.Have any of you faced this challenge, and if so, what techniques did you use to help overcome this?