It is that time of year -- where we look back at what we accomplished in 2011 and wrap up our goals for 2012. Lets discuss the following:
Did you meet or exceed your goals in 2011?
What are your goals for 2012?
Hey everyone ! I’ve been investing for a little while but most of my deals have been commercial retail and some Mobile home parks and for the most part I’ve gotten commercial loans such as 20 year amort , 5 year fixed...
So it seems the standard formula to determine the appropriate best offer price is ARV x 70% - rehab costs - fee. Now this all makes sense and if you can get properties that fit into this formula you will definitely m...
(this is a repost I didn't get any answers from the other forum)Hey guys I have a quick question. I recently bought my first duplex for $315,000. (10,000 down) (mortgage $1850) Its under owner contract right now but ...
We are at a crossroads. We own a rental that is currently worth 700k. Our 1st mortgage is approximately 130k at 2.75% with a PITI of $2000 and we have a Heloc that is currently about 115k with a minimum payment of $29...
When responding to a counter-offer from a bank, what is the best response?
1) inch up the price by $500 or $1000... or even $1500.
2) respond with the same price firm
3) "Serious" counter offer, i.e. 5-10k more.
If i...
I tried this in a different forum, but, it looks kinda slow there and I haven't received a reply, Thought I'd try it here where there seems to be quite a bit more traffic.
A friend and I are looking at a 2 family. We...
Okay ya'll, I'm confused. Here's the situation. 6 unit Multifamily in ArkansasI MIGHT be able to show the reserves needed (but really it's a stretch)$250K Purchase Price$100K renovation$500K ARV$6K After Repair Monthl...
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...
Greetings Everyone, I'm looking to get bids on my first solo flip in Orange California. I have been getting crazy numbers from contractors and I understand California isn't cheap, but I was hoping to get advice on how...