Hi everyone, I just discovered this site a few days ago and have been doing a lot of reading and have learned a LOT. My question is regarding the 50% rule - my understanding is that it is a fairly conservative ratio o...
How long do you spend in meeting with a motivated seller. Do you do a quick walk through of the house to check condition and get down to business at the kitchen table?
I've been using college kids, just out of college, stay at home mom's, etc to work on our crew to help fix our flips. We subcontract concrete, roofing, and exterior painting, siding, windows if we are doing the whole...
My question has to do with how much more you can realistically get for a house with "wow" factor.
Say you buy a super-trashed house and plan to do a complete rehab. New siding, windows, paint, carpet, kitchens, bath...
Hello everyone, I’m looking for some advice here. I’m working on my first deal, which will be an SFR income property. Everything was going along smoothly, until just before we were scheduled to close I was told th...
I've been a longtime lurker, but this is my first venture and post, really need help/advice.I've been under contract to purchase a 2 flat in the Jeff/Portage Park neighborhood of Chicago, it was a not approved short s...
In Good areas of CA I’m seeing some opportunities in potentially buying condos. Wanted some input from people that have bought condos that have HOAs. Are condos better for long term maintenance costs? Benefits of an H...
I'm having a horribly difficult time finding contractors for a large project I need completed at my home. One of three red flags appear when I contact one:
a) They come and never follow up with an actual bid - over ...
Just thought I'd share a big win to inspire other investors:I recently purchased a 3 unit triplex in Hialeah, Florida for $270,000. It was below market value for that area and I bought it under rented at $2,600/mo. Th...
I read a lot about hiring a contractor. Has anyone ever calculated how much they saved by not using contractors and did most of the rehab work themselves? Or the real question is what percent of costs is going to con...