Property owners, how involved do you like/try to be during a renovation? Lets assume your working with a GC who came recommended, and you are gutting a unit to the studs. Do you try to stop by the site weekly to see h...
Hi all,I think I got some advice on tracking expenses and such when I started out, such as "never pay in cash, always write a check" etc. I was hoping to get some better defined guidance from the community.1) For the...
I am looking for Cash Flow properties in A- to C+ areas. I found a 3 building 6 unit listing on my local MLS and I believe that I may be looking at this deal wrong. Can you help me out with my analysis? Thanks in a...
Hi everyone!I am under contract for the construction of a property. We agreed upon 4 payments. The first to be made to initiate construction, the last when construction is finished and 2 additional payments in-betwee...
Below is a letter I received from the bank I applied for 5% down conventional mortgage loan. Why they need this information and what this means to me? I have not received the form they want me to sign yet. Should I be...
I've been looking for a definitive answer on financing for Subject-to deals, but If you were to acquire a property via subject-to and rehab the property, is a cash-out refinance a possible exit strategy and making the...
Hi BP!I am building my team and want to know if anyone has any good referrals for property management companies in the Las Vegas / Henderson NV area? Thanks in advance!
Hey BP quick question,
When setting aside money for capital expenditures, how much would you vary based on age of certain expenditures? For example, a house that needs a roof in 10 years vs. 5 years and HVAC in 8 yea...
I am new to RE and I am looking to househack a duplex in the Dallas area. I need help evaluating the rehab costs for duplex listed on realtor.com. I have not seen the property in person, but just looking for an estima...
I am pretty new to REI and I am closing on my first properties within a month! I would like to be as prepared as possible for that time, so things go super smooth.I constantly hear ppl saying to breakdown everything i...