Sam Tright
How do note investors determine As-Is value? What % will you buy at?
1. Say a house is bought for $40k, $15k repairs needed. ARV $100,000. What is as is value? For a low priced house like this will you require an appraisal to determine it, or go off some desktop estimate?2. Once as is ...
Ray Trounday
Difference between Yield and Return on Investment for a Note
I am getting myself confused between Yield and ROI. For illustration purposes, lets say that we are evaluating the following note:Original Principal Balance: $100,000Interest Rate: 5%Term: 360Payment (-536.82) Calcul...
Gabriel Orduna
Possible deal in the works
Hello everyone,
I need some advice. I have a situation that I want to take advantage of but I’m not sure how to go about it. My wife’s family owns a home that they would like to sell for 690,000. I don’t qualify fo...
Daniel M.
Help Setting Up QuickBooks for Real Estate
Hey BP!
I'm diving into QuickBooks Online for the first time and could use some guidance. To give you a bit of background, I know very little about bookkeeping beyond managing my budget for the last three decades (ug...
Louis Piront
Newbie seeks help in potential foreclosure
Hi BP folks, Info :Location : Florida House price : - 40% ARVHouse been remodel 18 months ago Here's the fact. An old man that I know well who was living a block away from where I've purchased my first property had a ...
Tabitha Jones
Financing when DTI is too high
Hey Everyone!
So I went to be pre-approved for my first investment property, but was denied by 2 lenders because the property would put my DTI too high. I have good credit and enough cash for down payment and closin...
Stephen Sokolow
Buying a Pre-Foreclosure
Hi,I wanted to get advice on buying a pre foreclosure. The person is asking $160,000. Realty Trac shows that the mortgage is for $130,000. I plan on going to the recorders office tomorrow to find out how much the judg...
John C.
Possible to take control via mechanic's lien on pre-foreclosure?
Hi
guys. House worth about 1.7m is being foreclosed on in Fulton County,
Georgia. City of Atlanta. Lender balance about 1m. Contractor has a
mechanic's has a lien on the property for @200k. I believe the mecha...
Renae Pinkney
First Wholesale Appt Help OR Educating Seller on Options
Baltimore 21212 Property
Seller is motivated to sell because she doesn't want 2 mortgages has family member there but not getting a profit.
ARV= 167,767 (I used Propstream for Comps kinda iffy because the home is ...
Pretty Khare
REI Friendly Bank Accounts
I am starting my journey as a landlord and have read that it is a good practice to have a separate bank accounts for each rental property to make accounting easy. Any recommendations on which bank i should open an acc...