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Folks, I was talking to a turnkey company to buy an investment property, and looking at a few properties. Their pro forma sheet doesn't take into account ANY vacancy or repairs when calculating cash flow, and the rent...
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So is this where the new buyer takes over the payments and has the deed transfered while the seller remains responsible for the credit? If I am correct, what happens if the seller files bankruptcy after the deal clos...
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Hello BP forum, I've been doing a bit of research and keep running into obstacles. Here's my scenario:My retired parents (who live in another state) would like me to take over their mortgage. Ideally the want to give ...
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Hi Chicago Investors,I'm fixing up my Lincoln Square 3-flat and noticed a sloping issue today with all of my bath tubs. Has anyone run into this before or have any tips how to fix?All 3 bathtubs are older and are pool...
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Hey Everyone, So I currently own a home that I have had some people interested in renting out. Its about 1500 sq ft and a 3 bedroom, 2 bath that has been completely renovated. My mortgage each month is $975.00. Im loo...
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Hi everyone!
My name is Noah, and I am 20 years old and live in the Denver metro area. I am here on this forum because I am very eager and really wanting to get started in my real estate career. I have experience in ...
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I'm thinking of flipping and/or rehabbing an abandoned property. The home was being lived in by a doctor and his wife up untill 1999, which is when it was sold to it's current owner. The current owner is a church that...
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I read a post about possible income tax due after you purchase a note at a discount , But can not find it again. Any input would be Great
Thanks, Mark G
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Investor from Lincoln, NE. Active duty United States Marine. Currently own four townhouses, and always looking for more deals and to upsize!