Cathy Poole
How much to pay General Contractor
When buying and flipping houses, what is the standard amount/rate to pay the General Contractor doing the renovations?
Nicholas Bencivengo
Analyzing Multifamily (5+ Unit) Properties
Hi Everyone,
I'm a bit of a new investor, but I've always been a numbers junkie and enjoy practice with analyzing deals. I think I have the gist of it down for Single-Family & Small Multi-Family, but I'm looking ...
Jennifer Blanks
Realtor Contracting Question
When working with realtors, is it ok for a realtor to use my purchase agreement or are they mandated to use their official state contract? My contract has investor lingo with CYA wording that covers me, the investo...
Ian Tudor
MFH - Down payment & Second Mortgage
Hello - I have been spoken to a mortgage broker recently about purchasing a SFH or MFH. It will be owner occupied for at least a year, if not longer. However, he said that lending institutions require at least 20% dow...
Lindsey Vargas
Do you pay attention to arrests that were dismissed in court?
I have narrowed down my applicants and would like to accept a couple who both have good jobs. I just ran the background check and it came up that the husband has a child endangerment charge that was dismissed and a do...
Sanjeev Advani
Embracing Sustainability: The Future of Real Estate Investment
In an era where sustainability has become a global priority, the real estate sector stands at the forefront of a transformative movement. Today, we're not just investing in properties; we're investing in the future. S...
Account Closed
Assignement of Contract
We are doing our very first assignment of contract and are being advised to use two separate settlement statements (ALTA form). Is this the standard industry practice for this type of transaction?
Brit Foshee
First Mortgage or HELOC
Somewhat new to the financial side of REI. On my second flip. Purchased cash for $54,000 on 12/16/13. Rehabbed about $20,000. Home is currently worth about $130,000. Renters moved in on June 1st. I need to get ...
Patrick Dotson
LLC in property Address (ie. 1234 Madison st LLC)
Is it common practice to submit offers in the property address LLC. For example, 1234 Madison Street LLC as the name of the buyer. Then upon ratification, establish the LLC? Is this ethical and/or standard practice...
David Riedman
Commercial Loan - Need Signed Tenant Agreement
I'm interested in purchasing a residential rental property with my LLC. This will be the first property the business owns. I have excess earnings after expenses and my accountant advised to spend this cash on a proper...