In anticipation towards my first rental property aqusition, I have been vigorously educating myself on the topic as well as analyzing a couple of deals. When I analyze these rental properties, using an FHA loan in my ...
Fellow BP’ers,As a newb and taking the advice of all of the posts, blogs and podcast recommendations out there of not spending money on guru’s/training etc. and the mind set of just get out there and get some OJT I to...
Was offered with a turnkey deal in Indiananpolis, INDuplex, 2 bedroom and 2 bath (1 bed, 1 bath each unit)Monthly rent : 1100 ($550 each side)Tax per year: $684Acquisition cost: $35,000 (per zillow, it was selling for...
I was told of a vacant property word of mouth that has rehab potential. On the door was a notice to call the banks REO department for info. I was told that the property is not being marketed by the bank and that I sho...
Looking for some guidance -- I'm selling a house that I rehabbed. It has a detached garage and workshop that has some peeling paint. The first FHA inspector/appraiser did not make an issue of it. The second appraiser ...
Hey guys,
I just closed on my first rehab today and I am looking to record all transactions made in relation to this property.
I heard that Quickbooks Pro is great for this purpose, so I am trying it ou...
I am currently rehabbing a 11 unit apartment building in West Texas. I'm the contractor and I'm hiring all my subcontractors. I also provide all of the materials. I've been saving receipts, but things are moving so fa...
Just moved to Dallas. TX and interested in buying off-market properties. Is anyone able to clarify the process once I have an address? Below is my attempt at a procedure, and would really appreciate any corrections!1)...
Hello,I have a house that was flooded in Harvey (Aug. 2017) for the first time (to my knowledge as I bought it from a wholesaler with no disclosure) .The house is one story with three bedrooms (one of them is a master...
Hello Everyone!I moved into a new area a few months ago, into a standard little neighborhood for my area. Whole bunch of 3/2, ~1,400 sqft houses, built in 1977/1978. Today, while the wife and I were doing misc. work o...