Nathan Simkin
Need help with recovering expenses?
Need advice on the best way to recoupe losses. I put an offer on a SFR. After some minor negotiations the seller accepted the offer. I did my inspections (general, termite, and the roof). The lender did an appraisal. ...
Omer Zulfiqar
lending for multifamily
HelloI am interested in purchasing multifamily properties. I will be putting down 25 percent, expect the loan to be in the size of 500 K to 750 K. In addition I am planning on paying off the properties in 10 years or ...
Dominique Mitchell
Short Sale - Getting an appraisal
Hello BiggerPockets.I am a newbie hoping I have my first deal completed soon. I have a question about short sales. The home I have under contract is a single family 3bed 1bath. Will be adding an additional bathroom on...
Kyle S.
Flips - Calculation offer price
Hello,
Sorry totally newbie question:
I know most people do: (ARV X 65-75%) - Rehab Cost = Offer Price.
But where does closing costs come into this equation?
Thanks,
Kyle
Adam F.
Non permitted addition
Scouting a home that the previous owner played builder on. There was a roof leak that created water damage on the floor and ceiling (small areas). My question is how hard and how expensive is it to keep the addition...
Matt Anderson
Rental payment options
I have a handful of rentals we are having trouble meeting up to collect the rent and my business partner has fallen ill. He can not make it to all the rental to collect rent when they are available. I am looking for ...
Account Closed
An opportunity to buy SFH (Condo)
BP Family - needing guidance on a potential opportunity to help my grandmother.She wants to sell her 2 bdrm + 2 ba condo in a (C+ - B-) neighborhood - (The Wingate Condominiums) in North Dallas. If you're familiar wit...
Renee Adkins
What are the pros and cons to leasing to a Section 8 tenant?
I have several rentals, but just listed one that I am managing myself and I am overwhelmed by the number of people who are calling about Section 8 housing. My pre-conception is that Section 8 is not profitable, but I ...
Shon Drennan
Financing using equity
I have a family friend who is offering to sell their house to me for $100,000 plus closing costs etc. The value of the home is worth $225,000. He is a trust fund individual and is only offering this price to me becaus...
Jayson Valdez
What does this mean..
Saw this on a description on a MLS listing that saw interest in.
Seller willing to owner finance with a large down payment. (20%) listing price is 223k.
what does this mean?