Shardae Robinson
When Market Value is lower than Build Cost!! (Pics Included)
I am learning a HUGE lesson in market value versus assessed property value. Just purchased a foreclosed home in Jackson, TN via auction in an area where the market value of homes (what they are suggested to sale for) ...
Joshua Michael Hauman
Forget profits, use this instead
When considering real estate flips, there are a few ways you can look at profitability. Primarily how I evaluate a deal is off expected rate of return. Secondarily I focus on projected profit.
Risk assessment is cru...
Joy Williams
3 flat plus coach house in Chicago
Has anyone bought a 3 flat + coach house in Chicago recently? I'm interested in one where the 3flat is in pretty good condition but the coach house is a mess and needs a complete gut. It's an REO. My potential lender...
Jen Geisler
Home inspection equivalent for Condo
Beginner investor here. I’m looking at buying a condo for STR (yes this is allowed at the building). The building is near the beach and is about 40 years old. I’m wondering, when a house is purchased there would be an...
Devis Tale
Property Tax
What do you think what are the best way for lowering your property tax?
Taseen Ranginwala
Assessed value vs. Listing price
Hi I'm a newbie and would like to educate myself. I've been looking through MLS listing and see that the listed price/asking price is much much higher than Assesed value of a property. Is there a correlation or should...
James Samsing
Energy Efficient Mortgages
Has anyone worked with a lender who has actually closed an FHA, VA or Conventional Energy Efficient Mortgage? Interested in flipping a home that would qualify based on HERS rating + energy savings and would like to pa...
Jeff Gebhart
Where do I find good comps?
We are getting calls on potential properties to buy. Finding good comps is critical. Since we are not involving an agent, getting comps off from MLS isn't possible. Can I trust the "recently sold" on Zillow? Basica...
Timothy Colman
My rental's hot water heater sprang a leak!
Hello,I am currently thousands of miles away from my townhouse, but was advised by my property manager that my hot water heater has sprang a leak and caused water damage to my home and my neighbors home. As a result, ...
Skylar Dejesus
Tax appraisal significance?
How significant is the tax appraisal of a property? I'm looking to flip a property and the comps for the area are showing properties of this type are selling for 55-65k but the tax appraisal on the property is 6700. H...