Hello:I have real estate experience in specs but am just starting out in flips and rehabs.I'm in Colorado Springs, CO and have noticed that while there are some distressed and attractive houses (able to add value to t...
I'm getting this property in Memphis, zipcode 38128 under contract for $62,500. It was appraised at $84,000 by local realtor group. That zip code is growing around 25% year-to-year in median sales price(Trulia). I'm g...
Investment Info:
Mobile home fix & flip investment.
Purchase price: $130,000
Cash invested: $25,000
Sale price: $215,000
Investment Info:
Mobile home fix & flip investment.
Purchase price: $130,000
Cash invested: $25,000
Sale price: $215,000
Great deal brought to me by a local wholesaler. Never be afraid to neg...
Hi all. First post after listening with a question.Wife and I are planning to rent a 2 bedroom as we now have 2 kids. We are living in a one bedroom condo w/ a mortgage on it. Obviously because I'm on these forums I w...
So heres the idea.... lol I want to build a duplex, but dont want to tie up a ton of cash in the process. I was thinking about borrowing $200k from my margin account threw Edward Jones @ 4.5 % (i think i have a year t...
This may or may not be the appropriate forum for this but I think it's interesting and might get some people thinking:
We consider "debt paydown" as a source of return for real estate. For example, if you put 25% dow...
Hello all-
I am new to investing, so just wanted to see what you guys thought of this. I looked at this property couple of weeks ago. It's FSBO and the asking price was $18,500. I offered $15,000, the seller countere...
So I have a relative that flips houses. I would like to invest. What should I expect as a rate of return?For example, he will puchase the property for 50k, needs 15k for renovations. I give him 5k. He does all the wor...