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Hi, forum!After getting my real estate license, analyzing over 100 deals on MLS, visiting MANY houses (omg Houston is huge), submitting 13 offers in two months (!), I landed my first flip! It's a 4/2 colonial in 7704...
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Hello Everyone, What is the standard practice for applying (or not) both of the following in the first month of a new tenant placement: 1) the monthly property management fee; and 2) the leasing fee (1/2 of the monthl...
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i closed on my first rental last month. i found a tenant and im looking into insurance. the property is a small 1000 square feet row home in philadelphia. zillow and city have the market value between 47-53k. c...
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I'm getting conventional financing on a 4 unit property with a purchase price of $130k. The appraisal came back with a rebuild cost of $428k and my bank says my insurance must be for at least 80% of this cost.
I was...
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How often do you require a home warranty on your purchases?
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Just playing curious. Why assignments contracts? I know it protects the wholesaler. But why not do two joint ventures contacts with both the seller and the buyer. And get paid on the back end by the buyer. That way,...
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Hello there! My name is Ben and I’m looking to get into my first deal. I’ve located a few good deals and wonder what the most efficient strategy is for picking my first. My wife and I currently own a small single fami...
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Hi all,
Asset manager here, I've worked for a couple of different REO companies and am now working for a start up. I know how many things from my side are but what's your opinion? Who are some of your favorite banks ...
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Would you ever consider doing a 15-year mortgage on a house hack? What are the pro and cons you see?
Logically I am thinking 30-year mortgage as I intend to sell the property within 4 years, not enough time to see a...
Looking to invest after grad school And need a little advice. I would consider my debt from undergrad low -$19k and I have been working hard not to pull out loans for grad school, which would cost me another $15k for ...