Raj A.
Standard classifications for areas A through D?
I've read a lot about "classes" e.g. "this unit is in a Class A area" or "this duplex is in a Class B neighborhood" etc. Is there any standard for how areas are classified i.e. does the NAR have a standard classificat...
Mark Pierce
Contract basics for new build
I'm working on my first deal, a new build in a developing portion of the city. The builder's contract seems to be raking me over the coals. Here are some of the issues that seem outrageous. What's the norm and indust...
Mike B.
New Landlord - Insurance Question
I'm a new landlord. The very FIRST DAY my tenant moved into the house we get hit by a hailstorm that damaged my roof. State Farm estimated the damages at about $18,000. My deductible is 2% of the insured value which c...
Jayme B.
Need help figuring out buying power
Hi all - I just went through a lengthy process with a lender to figure out how much they would lend on an investment property based on my income and other factors. They gave me a qualifying income range but I'm not su...
Scott Taylor
20% or 25% down on (2-4 unit) small multi-families
Is it possible to find financing (via fannie/freddie - or portfolio loans?) with 20% down on a 2-4 unit investment property?I recently had a lender tell me that 2-4 units will require 25% down. I'm ultimately trying t...
Joseph Wells
Apartment Investing with LP's
I am somewhat new to Real Estate Investing. I currently own a few SFR's that provide me cashflow but have a goal for 2020 to acquire a multifamily or ideally an apartment building with a few investors. Can anyone shed...
Lawrence Monyei
If a RE Agent gives . . ., what COMMISSION should I pay D Agent?
Hi RE Investors,How are you all doing? If a RE Agent gives me a lead I wholesale and I assigns the deal for $10,000.00 fee, what is the best and/or the highest percentage commission I should pay this RE Agent? I am t...
Lara Ghelerter
1st time homebuyer and REO's
We had just been bidding on a REO and we had supposedly come to an agreement. We had signed an original purchase agreement, but the bank hadn't signed off yet. Then we received a 5 page addendum that nullified most ...
Dominique Palmer
What determines the size of the flip
My partners and I were discussing a property that we could have bought and fixed up to flip. When discussing the rehab cost one of my partners asked if we should consider a smaller flip for our first time. That leads ...
Account Closed
Non-monetary Landlord Tenant Laws
I've had no trouble digging up the local landlord tenant laws as they pertain to monetary issues--how much of a deposit can you charge, how much of a late fee, etc.But what I'm trying to find out is what rules I can p...