Hi,I am a first time home buyer looking to find a decent home in a good neighborhood for a decent price in Bay area. I see a Trustee Sale listed in Redfin in Bay Area . Property is also a fixer upper . I see property ...
I have collected the signed lease, fees sheet, and the cashiers check for the deposit and first months rent. I do a background/credit check and I verify the employment with the employer verbally, but have not been col...
I've been looking at a rehab project for a 4 unit multi-family that I intended to hold. After looking at values of surrounding buildings in the area, I'm not sure the ARV is going to be as high as I expected. I was cu...
What do you all think of the formula provided by Rich Dad for analyzing and valuing Residential Multi-Unit investment properties?Yearly Gross Rent x 7 (+ / - 10%) = Max Allowable OfferThe premise is that these propert...
We are potentially considering the possibilities about move to the Orlando and surrounding county areas. With the idea of purchasing a primary residence to live in (with idea of AirBnb one of our rooms), then turning ...
Hey BP!I'm ISO advice from someone who is experienced at running comps or even better, an appraiser. As a beginner, who has only done one deal, how can I figure out the amount to adjust a comp for certain features. Le...
Hello BP,My husband and I found a FSBO deal today. The Owner says that he is selling the house for 158,000 with 35k down, 1,100 a month or 1,450 with taxes and insurance included. I'm new to all of this and was wonder...
So...I've been reading way, waaaay too much about the subject of owner-financing within too short of a time-frame over the past few days. All of the facts and technicalities are starting to run together in my head. Yo...
Im looking into selling my duplex and using the 1031 Exchange to purchase a property that brings in greater cash flow. DetailsMortgage - $350,000Appraisal - $550,000With this information I could roll the $200,000 "pro...
I'm in the learning phase before buying my first rental. I'm thinking I will do a fourplex, owner occupied. I've found a target neighborhood where the numbers (1% rule, 50% rule) seem to work and the tenants are des...