Alex M
Short Sale Presentation
Hello all! I'm about to do my first short sale. I've located a woman that is in a bind and she's open to selling her house possibly. I have a meeting set up with her this coming week.
Here's my question: Does anyone ...
Lachionte Culpepper
Lux Home Pro Company
Hello. Does anyone have any experience working with LuxHomePro?
Marty Rogachefsky
New Refrigerator - Capital Expenditure or Repair?
New investor here!We had to replace our refrigerator in our rental, due to the old one breaking. Is this a Capital expenditure or an operating expense?I'm also wondering what the advantages are of classifying one as a...
Noah Bacon
What is the Biggest Challenge When Analyzing a Deal?
Are you having trouble analyzing deals?Check out @Dave Meyer's Youtube video Calculating Numbers on a Rental Property (In 20 Mins or Less!) where you’ll learn how to analyze a rental property in MINUTES. Even if you h...
Andrew Gingerich
Multi Family Cap Rates and Valuation?
Am I doing my math wrong? There is a 14 unit in my town listed for 3.6 million and a 30 unit listed for 4.1 million.
Gross rents on the 14 unit are probably 21000 per month or 252000 annually. If I assume 45% of ren...
Mark Forest
Does an LLC trully protect landlord?
I discussed this in the landlord forum, but I am hoping for some more input. I know it is very common for real estate investors to hold their companies in an LLC. However after reading Mr. Reed’s comments at http://...
Rob Street
Buying non-performing note of abandoned property
I am interested in buying a non-performing note of a property in California that is tied up in BK and has been abandoned for several months. Ultimately I would like to foreclose and acquire the property. The former ow...
Juan Correia
How to conduct a negotiation with a realtor
I'm really trying to find ways of hacking the negotiation with the seller's realtor... I don't trust they provide the proposals I make, and I have the feeling that they are not serving their customer's best interest o...
Stephen R.
Forcing a short sale
I'm new to BP and REI Scenario: I'm looking at a property that I intend on buying and renting. It's a 2BR, 2BA, 1145 sqft condo. It is currently in foreclosure, (or pre-foreclosure and subject to probate.) I am famil...
Mike Bell
Insurance
Property insurance seems to always be one of my biggest expenses. Most of my properties are replacement cost. The agent says the cost to rebuild is this number. Which is so much higher then I would ever be able to sel...