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I have found a property to wholesale. It has been abandoned but I am sure that the seller would be motivated to sale should i approach. My only concern is that the house may be under foreclosure. If we negotiate a ...
My current residential rentals have increased a lot in value. If I bought a similar property in my area for today’s price, it would never pass the 1% rule. So I’m wondering if I should sell some or all of these, do a...
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Hi All:I own a property that is currently a rental. I am interested in tearing it down to build and sell. Currently, I owe approximately $170,000 on the loan. I estimate construction costs to be around $250,000. I was...
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I am a landlord and am curious how other landlords have fared in regard to protections offered by their LLC. I know what snake oil salesmen - I mean "gurus" say, I know what I've read in books and forums like this...
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Hey everyone, I've recently been approached for my first JV deal. In this case, I would be helping bring a buyer to another wholesalers contract. My question is:When do we sign the JV agreement? Before or After I s...
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I'm debating if I'm crazy for considering this.
The owner of the second half of a duplex I recently purchased has asked me if would provide him with a letter stating how much I paid for my unit so he can appeal the ...
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I'm currently in negotiations for an off-market deal involving four houses. These will be buy-and-hold properties. The seller is retiring from the business. The total selling price will be below the total of the curre...
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I’m spending quite a bit of time every day analyzing deals. It’s been a lot of fun, and great practice for me. Some days I have a hard time deciding which deals to spend time analyzing, versus just skipping over it an...
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Some background...For the past 4 years, our investing experience has been exclusively purchasing & flipping homes, mostly off the MLS, most have been foreclosures, working on our 10th one now. Our goal has been t...
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Hello everyone,During my brief time here I have tried to absorb as much as possible. I understand a lot of you are not thrilled with Condo investments but I wanted to run this one past you.Purchase price is $80,000, ...