Jibril Ali
First investment property, Duplex red flags
Hello. I'm currently under contract for my first property, a duplex in GA. Both units have "long term" tenants in place. During the due diligence, it has been revealed that the seller does not have any security deposi...
Austin Wood
How to structure this tax lien deal?
Here’s my situation. I have a seller who has 49k in tax liens, owes 22k on the mortgage and 12k of that is arrearages. The ARV is 85k-90k and it needs approximately 10k in repairs. What are some viable strategies to d...
Peter Bras
Creative incentives for selling homes
Hey everyone. My Mom is a Realtor in Orange County Ca. and has been having a hard time selling a few properties that seem to be correctly priced. She asked if I had any ideas about creative incentives to get traffic...
Patrick Walton
Looking for a real estate savvy CPA in the Phoenix area.
Good day all,I am a new investor residing in the Phoenix area. I am looking to find a CPA in the Phoenix area to begin a working relationship with as I grow my portfolio.I have searched through the forum but have not ...
Mike Johnson
Scope of work change, contractor not changing price
I live in a 100 year old house and had some sagging floors due to the main beam in the house shifting over its life. Called in a basement company who specializes in this work and they draw up a proposal to install a ...
Joel Florian
Tax deed bare land in Wasilla
Investment Info:
Other other investment.
Purchase price: $7,000
Cash invested: $7,000
Sale price: $16,000
I purchased the bare land at a tax deed auction. Cleaned it up, paid for a survey, chase...
Richard Talbott
Conservative and steady or go big from the get go?
Should I sell my SFRs in order to finance 20+ unit properties, or should I slowly build my portfolio before making the big jump to large multifamily properties?Hello everyone,I have a SFR that is completely paid off a...
Peace Lily
Headache! House closing in one week but Reno won't finish by then
Dear BP members - My house is closing in one week but the Seller-paid contractor renovation possibly won't finish by the closing date. What should I do? The RE agent said that "we could close(change heating units) and...
Michael Kennedy
Reselling a Wholesale Property After Rehab
I'm interested to hear some opinions on this, as I have browsed the forum and couldn't find a specifically related past discussion. I recently purchased a property wholesale which I am rehabbing. The seller did a doub...
Justin Russell
Lending recommendation
I'm looking for advice on lending options for a deal I'm considering. I have only one deal under my belt and it was quite conventional, so the more hand holding the better :) The property in question last sold for $71...