Taseen Ranginwala
Assessed value vs. Listing price
Hi I'm a newbie and would like to educate myself. I've been looking through MLS listing and see that the listed price/asking price is much much higher than Assesed value of a property. Is there a correlation or should...
Travis S.
Best Way To Get The Numbers Right
What's the best formula for finding a positive cash flow on a deal ?
Jerry Calhoun
BOA REO Prequalification Requiring 20% Down
Hi Everyone... Ok, this is my very first post on just about anything ever so please bear with me as I try to get my thought out coherently.
I am interested in bidding on a BOA REO and one of the requirements, as most...
Syed Khan
Live in flips
If an investor is looking for a live in flip, how do you finance your deal? I am assuming hard money lending would not be a good idea because of the high interest rates? Do you do a conventional loan? If so, do banks ...
Nick Brubaker
Using erentpayment.com for the deposit to hold and move-in costs.
Hello all,I setup an account with erentpayment.com today. It seems like a good service. However, my only issue is with the deposit to hold payments and the initial move-in payments. I would like to have tenants pay...
Keith Belzner
The true cost to sell. 15% or more
Hi BP, I have been working on figuring out the true cost in percentages of what the seller loses when their home is sold the conventional way. Here is what I've come up with, please correct me if I'm wrong or off. R...
Tony Angelos
Commercial Value Add Valuation Question
I came across a value add 14 unit multifamily in an improving area of Chicago and i'm looking from some guidance as to how people have approached similar scenarios in the past.Here are the details:14 unit; all 1 bed/1...
Sam Stabler
DTI Question for Underwriter- HELOC's
Hi Guys,How do underwriters calculate a HELOC on the DTI calculation during a 10-yr draw period?1) Do they include the actual Interest-Only payment reported on the Credit Report?2) Or do they term out/fully amortize t...
Jen L.
Refunding security deposit?
Hi Investors,One of our tenant recently moved out. We are still waiting for quotes for some of the fixes. If we have not fix the issue yet(cracked tiles & garage doors), can we still deduct the security deposit?...
Hen Ley
Flip in personal name or LLC to take advantage of expenses?
We are looking at a live-in flip and want to make sure we're able to write off all the improvement expenses when we sell it. Is it best to have the property in an LLC or our personal names? I wasn't sure if we'd be ...