Michael Ketchen
First post, deal advice
Hi All,First time poster with a question I hope this community can help with! We are looking at acquiring a multi family for $275K with 20% down. The issue we are running into is trying to determine if the numbers add...
James Allen
Should I buy this property??
Hello BP CommunitySo I've come across this out of state property I'm prepared to make an offer on. Wanted to get your thoughts on it first. Property Type: Duplextwo 3 bed 1 baths just over 1,000 sq ft. each. Neighborh...
Ross Ellington
I'd like some feedback please
Happy holidays everyone! I recently bought a home through VA and would like some professional feedback if you think it's a good deal. I purchased it at $160,000, appraised at $167, 000. The PITI is $1015, will conside...
Thomas Jensen
Property Analysis Feed Back
Hello Everyone and thank you in advance for any feedback provided. I have found a property I have really grown to like but have held of because I am not sure how well the numbers work. I have ran the numbers and the...
Jonathan Farber
Closing costs on property
Is it possible to pay more to close on a property than what is shown on your HUD 1 doc? I just got a property under contract in New York. I am reviewing the HUD 1 Doc and the total "cash to close" figure is lower th...
Eric Tomlin
Tax question re: sale of fire damaged rental property
Good day experts. I am trying to understand the tax laws and determine my tax liability for a rental property that I have sold in 2018. The uniqueness of this transaction is in the fact that the property suffered a fi...
Larry Pruitt
Using BRRRR strategy for 1st deal
Hey All!I am putting together my 1st deal and wanted to use the BRRRR strategy for a mutlfamily. I needed clarification on the BRRRR strategy. My first question is, if I was to pay full price for property would I be a...
Parker Holland
Crunching the numbers on Wholesaling
Howdy, This is my first post on the forum and I have got to say I have really been trying to learn all I can about real estate. I am just looking to get some feedback on my process for evaluating any potential propert...
Kahntineta Ford
First possible seller finance fix and flip deal
Ok, we have a possible deal on the table and need some recommendations on how to approach. We have a property that the owner is willing to seller finance (it would be a wrap around mortgage) on a property listed for ...
Winnie Rim
Meaning of the word "Margin"
Can someone please explain fo me in depth what the word "Margin" means in buisness? And how to calculate it. I see explanations on Google but they're all different, not sure which one refers to the correct definition ...