Elizabeth Goff
Builders/Renovation Insurance -- "Financial Interest" definition
I was renovating an investment property in the Boston-Edison area of Detroit that unfortunately caught on fire. Sad. It was now without a roof and with lots water damage from the fire department's great efforts to pu...
Account Closed
Please share your cashflow numbers for NW Indiana rentals
Can some investors on here please share real life returns they are seeing on NW Indiana rentals. Not looking for the one you hit it out of the park on but a few typical deals. Please include......1) # units2) Purchase...
Josh Sterling
Verifying expenses and income for 34 unit building
This would be our first large multifamily deal. (large to me at least). After viewing the property in person we are interested in proceeding with an offer.
I know that the building was purchased for cash by the curren...
Tyrone Jennings
These numbers don’t seem right to me, need advice
First post, first investment property. A broker I’m dealing with sent me the email below, his numbers are not working out in any mortgage calculators that I’ve used. I’m i missing something?
You have been pre-qual...
Molly O Branson
Creative Financing- is hard money the best option?
Hello! I'm under contract for my first multi-unit purchase (4 unit). The building needs a lot of work-- electrical, plumbing, roof, new kitchens, etc. I received a bid for $90k for the whole renovation (not including ...
Robert Russotti
Hard Money for Land?
Hello,Is it possible to purchase a vacant lot with hard money? There is a buildable lot that sits behind one of my homes and there is a small chance the owners may sell it to me. If it's possible to purchase the lot w...
Kevin Dreher
Learning to find flip homes
I get how to find distressed homes. But how to you come up with a price for example a neglected home that has plants and weed growing on and outside the home. How do you come up with a price to submit a offer?
Steven G.
First possible distressed home purchase
So today I went and looked at a property in ct. The homeowner is separating from partner and owns the house solo she lost her job and will loose the house no matter what. It is A 3 bedroom 1&1/2 bath ranch. The h...
Richard Tyler
why is the County asking me these questions after COE?
I just bought a commercial property in California. The County is now asking me the questions listed below. What would happen if I tell the County that there are significant deferred maintenance on the property? Tha...
Milton Rivera
Lease purchase terms assumptions and fees
Hello BP,We have an SFH for sale at a retail price. We received an inquiry from a potential buyer to see if we would consider a lease purchase. I have a few questions:Assumptions:Lease - 12 monthsSale Price - List p...