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Investment Info:
Single-family residence fix & flip investment in Norfolk.
Purchase price: $160,000
Cash invested: $40,000
Sale price: $264,000
Fix & Flip located in Norfolk, VA. Took ...
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My Homepath investment deal is progressing but I learned something today about Homepath financing that wasn't in the literature. Apparently Fannie Mae has a policy on cash reserves, particularly for us investors, t...
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I feel like subconsciously I have been shying away from big projects 75k+ rehabs especially since this would be my first purchase. My reasoning is that I will grow into it. Is it a bad idea for such a big project on ...
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What's up everyone! Just had an offer accepted on my first deal! It's a 3 unit, great neighborhood and minor cosmetics to do. Rent brings in $2100 a month, operating costs are $6500 a year. Price is $119k cash. After...
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Hi there! My first full rehab project is underway on a unit in a duplex and I'd love to hear from the BP community about how y'all typically handle communication of your design choices to you contractor.I am currently...
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Typically, by the time my flips are on the market, I am completely over it and ready to move on to whatever is next, so I never did much retrospective analysis. I know how much I made and generally what went wrong and...
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Good morning guys!!!So really quick guys would like to get some feedback from you experienced rehabers. Initially this wasn't even the approach I thought I would take as my 1st project in real estate but after connect...
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My first deal I'm scared!!! I just bought a duplex on auction for 18 k. Zillow estimate 66 k. I live in California I think I made emotional purchase my Mom was from Cleveland. It was take as is no inspections. I am...
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Hello folks,
I would like input on a potential property to flip. I came across it from a wholesaler. The asking price is 56k, and the ARV is between 120-130k. Ive had a GC take a look, and seems like 20k rehab cos...
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Besides a decent, competitive wage what other benefits and bonuses do you offer your staff (both to retain them and to hire them)? And do you offer those to full-time and/or part-time staff?We are based in Memphis,...