Daniel Z Fang
Expensive repair for slab leak: what’s this going to cost?
Hello bp!One of my properties has a slab leak in the bathroom. A plumber went out and quoted 4K to remove the tub, excavate the slab, cut back until healthy line is found, and replace the line w pvc extension. After t...
Robert Shoffner
REACT
Has anyone used the REACT system (reverse engineered assignment of contract for terms). Its getting sold by gurus now. Didn't know if anyone knew what it referred to. How does one do a REACT deal?
George Paiva
Deal Analysis: 40 Unit in Middle Georgia
Finally found something promising in one of my research markets. 40 unit mix with 9 buildings. Current owner has owned it for 10+ years but has pulled cash out of the property. Has two mortgages on it about $95k annu...
Sophie Latapie
Bundling utilities into rent?
Hi all. I'm considering rehabbing a rental property to make it as energy efficient as possible, including replacing appliances and converting the kitchen to induction - which could (in an ideal world) bring down energ...
Edgar Rosales
In Phoenix AZ, do I need/want a real estate licence to flip?
I would like to flip houses in the Phoenix area and was wondering if it's beneficial to obtain the real estate license?The Big Picture: About to start a full time engineering job at a local tech company. I will apply ...
Mark Henry
Seller/Property Manager lied about rental income on multi family
Outline of events- Bought a quadplex about a year ago- We asked about income/expenses from the past seller and were given monthly statements/expenses for the past couple of years which looked promising.- We have some...
John Canchola
Is investing in multifamily in Memphis worth it?
I have noticed in many parts of Memphis Tennessee where properties sell around $15k per unit. Why aren't more investors gobbling up these properties? What is wrong with Memphis? am I missing something?
Udayabagya Halim
How to get in touch with a Wholesaler in LA?
I'm looking for a property to flip, and I've heard that getting in touch with a wholesaler might be a good idea. I've been looking for a property and still haven't found one.How can one find a wholesaler in Los Angeles?
Mark Mensah
Condo Purchase Question -- Am I getting in way over my head?
Hey all,First time poster and home buyer here. I've recently gone into escrow on a 3 bedroom 2 bathroom condo that I'm hoping to rent out a room or two to help out with mortgage payments. My only issue here is that I ...
Sean Holland
Deductioning work vehicles/trailers?
I already have a primary vehicle. I want to purchase a secondary work truck (20k) and dump trailer (7k). Trying to figure out how much of these purchases I can deduct. Also, what other deductions would that cut into (...