Hi everyone, My question today is for all of the real estate investors in the westchester county and New York City area of New York. My question is what is the general %profit when rehabbing or wholesaling in these ar...
Hello,My name is Libby Cox (I'm the members wife). We are currently working towards purchasing our first investment property. We are hoping to use the BRRRR method. After evaluating our potential markets it has become...
New here and understand the general concept of deductions on income. Could someone explain with simple math. Let's say a $300K 4 unit bldg with total gross rent of $3K & $1K/mon operating expenses (trying to keep ...
Good morning ,while looking around at properties this morning I saw one that may have the potential to be converted into a duplex, initially looking into it of course I would push for an FHA loan , but thinking about ...
1st Rehab/Flip: We are a GC and about to sign to purchase house with a partner. We are both putting in equal initial cash investment for purchase and costs (property taxes, insurance, utilities) for a est.10 month h...
Submitted a 300k bid on a HUD home and they countered. My original bid included 10k for closing, 10k to the sellers agent, 10k to the buyers agent. After subtracting that, "net to HUD" amount was 270k, and it needed t...
Hi,
I am working with a couple doing cash out refi on their business and a rental property in Texas.
They are looking for a loan to cover the closing and other fees.
Please let me know if you are a lender.
Thanks,
I'm trying to practice running comps on properties online and get used to appraisal rules. The thing I'm confused about is when it comes to subtracting/adding for carports, pools, and garages. For example, if neither ...
Hi all, Im a new wholesaler. I really need help because Im struggling to solve this problem on my own. Ill give you a hypothetical scenario: Lets say the ARV of a house is $350,000,$ needed for repairs is $35,000,and ...
Hello,New to this experience and learning as I go. Looking to turn my residential property into my 1st rental property and trying to look at numbers to see if it makes sense. A book I’m reading mentions “taxes” should...