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I just recently got my first wholesale deal under contract. It's a duplex. The margins are thin, but it's nonetheless a workable wholesale deal. I'd like to carve out at least a little more profit from the deal by neg...
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So the FHA is cutting mortgage insurance from 1.35% to 0.85%. http://www.usnews.com/news/articles/2015/01/08/pre...How do you expect this to impact your businesses, if at all. I'd have to think it is good news for f...
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Dear members, I'm looking at a commercial property in central NJ which has been vacant for a while. The taxes are currently $10k/yr for 1500sft. The agent advised that I ask an attorney to file a request w/ town to wa...
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With year-end and the holidays rapidly approaching, I thought it might be helpful for investors to share year-end tax planning/tax management strategies with their fellow investors. We often get so busy at this time ...
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We have been brought a possible property to buy from an agent/friend I spoke to about our interest in buying our first property. The home is 3 bed/2 bath, fully remodeled and basically move in ready. My agent/friend...
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Hi Guys, thanks in advance for all your opinion and suggestions. Here is my scenarios. I currently am renting a 3 bed home for $1500 a month. The real taxes this year is proposed to be increased to $3850 from $3500 la...
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Hello everyone! I am brand new here, but despite
that, I've delved into numerous books and observed clients in the
multifamily realm of investing for years. I reached a point where I
couldn't bear sitting on the...
Hi everyone - have a property tax question for you. Doing my first protest this year and had a strange experience at informal hearing this morning.Sales comps provided by the county (which I requested) clearly suggest...
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I've been looking all over the place locally here. Everywhere seems to have a bait and switch return. Is this normal?Example:Price: $2.25milCap Rate: 7.3%Seems solid enough, but when I get actual detailsActual NOI: $1...
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Hey BP community,
I am a newbie investor from upstate NY and I came across this 4 Bdrm 1.5 bath SFH for sale in a B neighborhood in the small city of Rome, NY when they were holding an open house last month. These a...