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Would you do this deal? It doesn't have the cashflow I like, but its on 100% financing. 50K house (3/2/2). 22K needed in repairs. ARV of 90k. Rent at $950. 100% financing, including repairs at prime with a floor at 4%...
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I am making my first commercial real estate offer today and was wondering what I should request as part of the offer. I am putting subject to bank approval, copy of all expenses, profit and loss statements, half closi...
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Can anyone recommend a good reliable and not overpriced general contractor in Baltimore county and or Baltimore city? From full rehab work to flip, to minor work to get rental ready.
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I know the mistakes I made.
Looking forward.....
3Unit
non-owner occ.
non Freddie or Fannie
1st mortgage ~$225K 7% 30yr fixed
2nd ~$79K 8.125% 30yr fixed
Will appraise for ~$225K
$2650/month gross rents
Not goi...
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Hey Everybody, I've spent a good deal of time lurking over the past month and I thought I'd step up and finally say hello. I'm Wayne. I've thought about getting a rental property as a next step in life for a couple of...
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I've read in other tax forums assertion of IRS auditing real estate pro's... Just another issue. My guess is that risk comes from actually negating ordinary income with real estate losses in execess of >$25k. ...
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I just closed on my 1st investment property! It was listed as a 3/1 foreclosure; however when I walked the property with my agent it looks like a 2/1 with a single car garage attached by a breezeway that had previousl...
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Being a hard money lender and owning a real estate company, I've been tapped into a general overview of what my clients are going through nationwide. What I'm seeing is a lot of newer investors and realtors miss prici...
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I set up a campaign where I ordered post cards from yellow letters.com 3 weeks ago with a list I purchased from list source.comI also paid to have letters sent 3 weeks after. They still have not mailed my post cards a...
I'm still new but learning daily, I have 1 rental right now and cash flowing 500 a month owe 120k on the house it is 1000 sq ft 3 bedroom 1 bath and is worth $330k I have had a couple people tell me I should sell it a...