Ralph Plumley
Having trouble applying the 70% rule
Hey BP! It's my first post :OI'm looking into doing a flip (also a first). I'm running numbers in my area, but I'm having a hard time believing I'll be able to purchase a place using the 70% rule. Here's an example: ...
Zach Zander
Acting as Lender on land deal?
I've been presented an opportunity to provide a $40k loan on a $45k land purchase. Within 6 months the Buyer would repay the loan plus $20k (50% ROI). He'll be selling the land for $175k, making a sweet profit. Land i...
Kasey Ryan
Cook County Estimates
Hello all!I am still working on my first dealt here, and I wanted to ask you all for a 3 or 4 unit building:How much is average for electric and heat? (common areas/the costs I pay)How much is average for insurance?Ho...
Brendan Chism
How strictly do you follow the 70 percent rule?
Whenever you are first getting into real estate investing, you are hammered with the 70 percent rule when evaluating what is a good deal or not. It is kinda of made out to be if a deal doesn't fix this rule then it is...
Eric Benoit
Need Advice.
13 SFR for $560,000
Market Value. $635,000
Monthly Income: $8,180
Vacancy: 654.00
Monthly Expenses: $ 2,550
NOI: 4,978
Owner is willing to carry.
I m Seeking advice on the rate and terms that I should propose...
Jennifer Konikoff
Advice needed on ways to split the "profits" and expenses.
Hi everyone, My husband and I want to pull our money together with our friends to purchase a multifamily property in Miami. We have $50K max and they have much more than us to work with. Ultimately, I am seeking ad...
Thuy Pham-Satrappe
Feedback please! New rehab has no showings after relisting
Would appreciate your feedback please! We initially listed the property last weekend but found some details the contractor hadn't taken care of when he said he would, so we pulled it off and relisted after everything ...
Max Gomeniouk
Pre-approval obstacle with commercial loan
Hi all,Wanted to see if anyone run into this issue and can offer advice. I'm working with commercial lender for financing and put in my first offer on a fix/flip property. Offer had financial contingency and our agent...
Alex Rocha
Looking to do my first rehab
Looking to do my first rehab and got a quote. I’m estimating about $20-$25k in rehab costs for a property acquired at $95k for an ARV at $150k. Hard money lender is offering a 12% interest rate and a total loan amount...
James White-Young
Has anyone tried the Ember real estate investing app?
I found this app called Ember (not the coffee mug guys) that essentially lets you invest in properties and they pay you a monthly dividend ranging between 10-15% returns a year. It sounds like a sound concept, but it ...