We where faced with the challenge to rehab or not a property we own free and clear in Puerto Rico. I am originally from there... This is a class C+ neighborhood in the Carolina area near a regional hospital. The econo...
Hi everyone,
Has anyone dealt with purchasing properties in FEMA declared flood zone? Any word of advise besides additional expense on flood insurance. Many properties in CO got flooded last summer and were c...
The most significant event in my not so short life was in 1989 when the Berlin Wall was torn down. A country that had been divided for decades by a concrete wall and machine guns simply ceased to exist. People were ...
All the rain has caused havoc with the foundation of my flip house. Two contracts have fallen through because of inspectors saying the foundation is bad. In all honesty, the foundation isn’t shot, but the rain has cau...
1% rule =desired rent89,9000.01899Des Moines, IA 50316price 89,900closing co 2500monhrent 1,200.00repairs5000total cost98600 Loans price 89,900Down % |downpay3146.53.50%FHAtotal loan86,754 Money Needed =$11,...
This is our first full rehab. We are trying to use the BRRRR strategy. So far we have bought, rehab, and its on the market for renting. Then we will refinance after 6 months and repeat!!This is in the Southeast area o...
Yesterday I went and looked at a house from a wholesale company locally in north Dallas (Carrollton) area that had a house they had under contract for $211K and selling to several investors for a starting price of $21...
https://www.nytimes.com/2017/04/22/business/trump-...Hi, Everyone! I came across this article in the New York Times today about possible changes in the tax code as it pertains to real estate. I am a new investor, havi...
I think I know the answer to this, but anyways.
Say there was a house I was interested in, that I could purchase for 20k and it needed 90k in rehab. I could buy the house outright, but would need the money for rehab...