Tony Szymczak
Is Equity necessary?
I am VERY new, which will likely be obvious by my question :). I am looking to "buy and hold", and am reading that you "make your money when you buy" a home, i.e. buy a home that is a deal because it will come with eq...
Fady Riad
Necessary Home Inspections
I'm trying to assess a cash purchase for my first investment purchase and it's a cash deal so I'm trying to do my own due diligence. As part of that, I'm trying to figure out the best way to go about a home inspection...
N/A N/A
No Repairs Necessary
Okay ... input from some pro's please. What's a good offer on a fairly new home (built in 2000) with no repairs. The seller is asking $135K, 0 repairs needed, and there's about $63K in equity. The property descript...
Lauren Frost
Getting Necessary Contracts
Hi all!
I'm getting started in investing. I still have to get an entity set up, but once that is complete, where do you go to get the necessary contracts? i.e. contract of sale, lease option, etc.? Do you go ...
Jesse Anguiano
Probate court necessary?
I have a friend whose mother recently passed away. The property was willed to the sister. Sister passed away a few years ago unfortunately. There are no other siblings or heirs to the property. Is probate court nec...
Riley Herr
Bathroom remodel necessary?
My boyfriend and I recently bought a house to flip and the bathroom has a shower/jacuzzi and it’s a fully tiled wall and the color is outdated. It’s just a tan tile that is “ok”. Biggest issue is the jacuzzi has this ...
Arlan Potter
No reserves necessary
I have seen a bunch of questions about reserves for things like vacancies, major repairs, and capital improvements. In my opinion, these are not relevant to my rental empire.I try to find properties that at a minimum ...
Raymond Y.
Bonded Contractor Necessary?
I am currently searching for a general contractor for my first deal and I see a couple on Angie's List that are licensed, insured, but not bonded. Do you guys recommend I use them? A few of them have been referred by ...
Heather LeCedre
PM Software Necessary?
Just purchased our first 4plex, which will bring our total unit count to 5. In your opinion(s), is it necessary to utilize a PM software at this point? Is this something we should do now, or wait until we have mo...
Maria Taylor
Operating Agreement necessary?
Hello BP! My husband and I are filing for our llc in a few days and the cost of doing an operating agreement is another $200. We are on a tight budget already and I don't know if this is necessary. To my understanding...