Michael Fink
Found a great deal! But....
I have come across a pretty good portfolio (56 units) deal. I have done my due diligence and gathered all the necessary numbers, ran it through the calculator offering full asking price and with no debt service incl...
Scott Bartlett
Low-Ball Offer on an REO thoughts?
I just put in my first offer on a REO property owned by Chase Bank.
The property has been on the market for 148 Days.
The property was listed around October 12th of 2012 at $25,000.
45 Days Later, the bank reduced ...
Dominick Johnson
Always get multiple bids
Last week I was reminded why I made it standard practice to always get at least 3 bids for major repairs. The ac in one of our properties had a leak in the line. Both the ac and furnace worked fine but were 30 years o...
Patrick Snyder
Top ten most common repairs
I'd love to know, from all landlords/property managers, what are your most common repairs from tenants, either because of day-to-day living, or due to neglect. And, if these are much different from the repairs you...
Justin Yurong
Found more repairs than expected during inspection - Fresno, CA
I am currently near the end of escrow for a triplex in Fresno, CA (Oleander Ave and Trinity St). The plan is to fix it up, live in one of the units, and rent out the other two. Through inspections, I found that it nee...
Ana Nomys
Homepath "Improved Properties"... Is "Fannie Mae" a quasi corrupt gov't entity now in the flipping business? Turnkey buyers beware!
I have started to run across a lot of Fannie Mae properties that have been classified as "Improved Properties". Check their website at Homepath.com to see what it is all about. I have seen the before and after on so...
Luke Woods
Property emergency fund question
how do you calculate how money money you should have in an emergency fund for the property to cover vacancies/repairs? I will give you a scenario. Lets say the home you own and rent out is valued at 125k and was bu...
Ellis Thurman Jr
Is this a wholesale deal?
Good Morning,I have a question. Say your doing a wholesale deal and let's say a lead has about $150,000 in equity and has a principal balance on the property of $100,000. Is this still considered a wholesale deal and ...
Paul Kit
self directed IRA invest in LLC
Do I have to prepare extra money in my self directed Roth IRA for maintenance/repair/tax/insurance if I invest SDIRA into LLC ?or once I establish LLC then I can use my personal fund to take care all that?
Jerry Villa
[Calc Review] Help me analyze this deal
View report*This link comes directly from our calculators, based on information input by the member who posted.Hey BPers... taking up Brandon's challenge to do analyze 1 deal a day. So ran the numbers...