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Hi Guys,
If we received 36 k as a rent on a house located in California . Mortgage was 24k. The repairs were minor, so it’s negligible. How much would our state taxes be? (My husband keeps waiting for the bill from...
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Specifically in Chicago, any advice on which types of rehab elements an investor in multi-family properties should focus on or give more weight to when deciding how to rehab a multi-family property? For example, in s...
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I downloaded the purchase agreement form from the free forms. And just wanted to know what goes in the Subject to section of the form and the $__________. if any seasond investors can help please.
Hi folks,
Hopefully a simple question.
I talked to a private lender recently and asked what typical closing costs were. I was told $5-6k, which didn't shock me too much.
Later in the conversation I asked what the...
Hi All,I am in a bit of a bind here. I am looking for advice with an FHA sale. To put it lightly, we're getting screwed. A little back story...My fiance and I bought the home we live in last year in June. We have spen...
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I am meeting with a few contractors this week, I am trying to find one that I can trust to do complete rehab work on rental properties and flips. How do most of you work out your compensation agreement with the contra...
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Hey everyone,I am a new investor set to buy my first home. I have my team assembled, down payment ready, and am now looking for a deal. I'm mainly looking for 3 bed/1 bath houses around the $40-60k with little rehab n...
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When it comes to a General Contractor, are they exactly what the name implies? Do they take care of everything like hiring the electrician, removing walls, etc. or is it a case by case basis? Growing up working with m...
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Okay so my wife and I are flipping our very first property. We got a older craftsman style home in a very desirable neighborhood, filled with homes like this one. The issue is that its basically all 2 prong electrical...
Hi there - I'm looking to buy a SFR such as a 3 BR / 2 BA and right after convert it to a smaller SFR and ADU. I would then like to convert the garage into a second ADU and rent out both ADUs. I make $20k gross monthl...