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I’m expecting an offer on a former primary residence that we are renting out. We paid $173k in 2012, expecting an offer of $280k. Because we are active duty military, my understanding is that since we lived in it 2+ o...
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I have a portfolio that I have owned for 3+ years. Selling for 700k.
Total purchase price that I paid was $400k.
Let's say that $100k is from "after-tax money" for down payment/rehab cash and the ...
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Do realtors use a specific formula to determine the exact value of a home, and/or what it should rent for? I know they look at the houses that sold in the past, etc. but is there anything esle specific that they do?
Dear fellow investors, rehabbers, and property flippers,I urge you to add this statement to all your For Sale Listings: (This home is available for sale, OR permanent trade for another home that is in need of work. Fu...
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Hello - I'm currently in the process of purchasing a four family home that had some renovation work done in 2014 with permits (i.e electrical, plumbing, new bathrooms, new kitchens). During the closing process recentl...
Hello BP'ers, Wholesaling is something that I've considered in the past but up until recently, I never gave it a whole lot of thought as I was focused on acquiring properties to hold. However, I am in a position where...
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Hello! I was wondering how the timeline would work if you used a 1031 exchange to purchase a new construction. I am assuming the house would need to be complete and closed on within the 180 days, but I figured I woul...
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I have word that there are three short sales with good numbers in the Norfolk/ Chesapeake area of VA. I am trying to figure out what, if anything, I can do about this intel. I just started farming in that area, and my...
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I understand the math to the 70% rule in house flipping. (Conservative Market value after repairs X.70 - repairs). What I don't understand is where this 30% magically disappears to. I know that there will be closing c...
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Hi all, I've got a verbal agreement on a 2 bedroom property that works great for the BRRR strategy. All the numbers work, the property needs a little cosmetic love, and will rent very quickly. I'm excited to start o...