Mike Henkel
New 60 unit construction approved by city and bank!
Just received word that my 60 unit apartment complex construction is approved! Have been meeting with the city planning commission since about December. City approved it a few weeks back and my bank approved loans TOD...
Austin Davis
Interesting method for creating a rehab estimating forumla
I was speaking with a local real estate investor that mentioned his quick glance rehabbing formula he uses on houses he doesn't have the time or ability to do an actual walk through on (he does a lot of volumes, and q...
Dan Sager
Rehab costs Philly area
Can anyone from the Philadelphia area tell me what it has costing on average for a cosmetic rehab or full rehab per square foot? Hard to get a good feel with inflation! Thank you!
Charles S.
PROPERTY #2 - Analysis campaign
Property #22-unit Property in Queens, NYEach unit is a 2br/1baAnticipated gross rents: $3.6k/moOperating expenses (per month):- Vacancy: $180- Repairs/Maintenance: $70- Taxes: $295- Insurance: $135- Property Managemen...
Tim Porsche
Looking for Lawyer to Draw Up Equity\Profit Sharing Agreement
Hi All,I am planning to start a partnership with my realtor to do house flipping in the Wyomissing area of Pennsylvania. I need a simple, plain English, legally binding agreement drawn up to protect both of our intere...
Vincent Salazar
Forming a partnership
Hello,I am in the process of forming a partnership with my Realtor friend, to flip my first house. I just had some questions if anyone has similar experience with my situation.The deal we have in place so far is, she...
James Qiu
Am I getting ripped off on escrow fees?
I just got approval for a short sale that I'm trying to buy in Temecula CA. The total purchase is only $150K but the escrow company wants both the seller (bank) and me to pay about $1000 each. The bank had only approv...
Connor Williams
Help me analyze a deal please!?
9 single family properties Total price for all 247,000 I want to offer 80% since it’s a package deal= 200kMonthly amounts-Gross rents equal $5125Costs= 2350Net=2775I would have 20% down and pay myself back in 15 mont...
Michael Evans
Using Leverage to Boose Returns and Shift Risk
We use leverage in our real estate deals. We've developed a deal management system that tells us how much leverage we can use and at what cost for the deal to be profitable. Our minimum leverage on flips is about 10...
Angela Ceresnie
Is a RE Attorney Necessary
A partner and I are just starting out in TurnKey RE Investing and my CPA has suggested that we talk to a RE Attorney and that we have a separate LLC for each property. We plan to buy 4 or so homes this year. This al...