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rehab vs flipping
I am not clear as to the difference between rehabbing and house and flipping one. Could it be that when you flip it is for quick profit and you would do a 1031 vs rehabbing which you would live in it and hold on to a ...
Steven J.
How do you interest a seller in seller financing?
As I've been getting calls from potential sellers the words 'seller finance' and 'lease option' are met with near automatic 'NO's. When asked why sellers always say they don't want to deal with the property and th...
Ibrahim Hughes
Rehab Journal: Joralemon St. Project (Ride Along)
Good morning folks! I'm starting a rehab journal to assist those new to rehabs and give them a bird's eye view of the rehab process from A to Z. We've been in business (collectively) for over 20 years so we've learne...
Todd Horman
automating the entire lease / tenant process
Here is how I typically handle rentals:1. I list them on the MLS and people go see them. When they are interested, their first question is how to apply. 2. Right now, I have to email them a blank pdf of the lease appl...
Eric S.
Real Estate Software/Website
Hi all, I'm biding my time until I have enough money to invest in my first property. In the mean time, I'm a software developer by trade so figured I'd try and see if there were any need for new software or websites. ...
Waverly Rennie
Ellicott City MD contractor charging >$300 sqft for rehab
Our architect has done a good job helping us draw up plans to rehab a wing of an 1880 property (including some tear down and re-creating) and suggested working with one of the three contractors he often uses. The cont...
Jason King
Financial Assumptions
Hi All,
I am a new prospective investor and I am putting together some information for a partner so that we can start the search for our first property! One of the to-do's that I am personally tasked with is to dev...
John Arendsen
When Will They Start Calling Mobilehomes Manufactured Home?
I have to giggle up my sleeve every time I see the Manufactured Housing Industry continue to shoot itself in the foot. In the last 150 years we've managed to come from a Horse and Plow to a John Deer, from a Horseless...
Matthew B.
Just Purchased My First Multi-Family Properties (Pictures)
We just closed this past week on two duplexes in Eustis, FL. These are our first multi-family properties, so we're pretty excited. We bought them from Fannie Mae through HomePath, which a great story in itself. They w...
Richard Vang
Tenant Repair Request
Hi, one of my tenant just move-in and I already have a long to-do list. For example, he wants new carpet, new paint. Complained the fridge is too small, complained the washer dryer didn't hooked up properly etc...In a...