William D Banks II
*Newbie* Creative financing ideas for first deal!
My co-worker is looking to sell his rental for what he owes on it....125k.......the property needs about 15-20k worth of work inclusive of a new roof. My ARV on this property would be 175k. I have the money for repair...
Kevin Barney
Where do we store CAP EX?! A new member question.
Hey all,Where do we store CAPEX (capital expenditure) and other long-term money? Under mattress? Bank account? Stock market? Use it for next property and become uber-leveraged? @Brandon Turner often talks about savi...
John Newbold
2008 Kansas City flip
Investment Info:
Single-family residence fix & flip investment in Mission.
Purchase price: $160,000
Cash invested: $40,000
Sale price: $245,000
1955 SFR 3 BR/1.5 Bath, unfinished basement, la...
Tanya Davis
Contractors for Interviews
Hi,
I'm an author (and lurker on this forum) ... I'm writing a new book about running a successful construction company. If you are a contractor in the U.S. I'd like to interview you for my book. I can put your busi...
Sean Britt
Help Understanding Depreciation and Improvements
I am trying to understand how depreciation is calculated with respect to improvements. Please correct me if I am wrong, but my understanding is lets say I have a property I purchased at 200k. Lets say 50k is the value...
Jarreau Jackson
Newbie Blind Spots for Fix-n-Flips and BRRRR deals
Quick post for the new and aspirational rookies as I am transitioning after my first chapter in REI!1. Beware of "Handyman Specials"1a) On your search for a property to rehab, understand there is a difference between ...
Mike Edward
HALFPLEX IN CONNECTICUT
Hey I’m in Fairfield county Currently locking in a HALFPLEX . Doing sellers finance putting down 60k . It’s Selling for 120k . Anybody have any suggestions on HALFPLEXES? Will I be able to refinance any time soon? Is ...
Jeffery R Stensland
Less pie is better than no pie?
For those of us jut starting out, In a booming (geographically) mar...
Emily Hosage
How much rehab does a house need to be listed as new construction
My husband and I bought a house at auction in complete need of everything. Great neighborhood, nice lot, just a total mess. We are in drywall and finishing phase and have a ton of money sank into the project. We've co...
Kara Beckmann
Scottsdale Fixer Upper - to flip or to keep
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $450,000
Cash invested: $89,530
This deal was brought to me by the same wholesaler who sold me my last property. He...