Investment Info:
Single-family residence buy & hold investment.
Purchase price: $164,000
Cash invested: $40,000
Sale price: $249,900
This was my first house I purchase as residence with the i...
I am a new house flipper in Milwaukee and in the middle of my first project. Things are going well and we are wrapping up to final pieces of the project which will hopefully result in a successful sale. Nearing the en...
I'm a new investor working on my first flip. I've got a contractor who asked if he discounts the labor up front, if I'd give him a good bonus if the house sells for a lot more, so I would give him more work on additio...
Can anyone tell me what major mistakes a beginning real estate investor might make in addition to the calculations?If I get the flipping calcs done correctly (no pun intended), what else do I really need to pay attent...
I live in the Seattle area and our market is on fire! I am considering buying land and building rather than purchasing a resale. I was hoping to get some perspective of pros and cons in this situation. Any feedback wo...
We've got a home that has what I think they call a cold storage room? Basically a room built under the porch. It leaks. The porch is cracked. We had a contractor submit an estimate to rip it out and brace/rebuild it. ...
I am looking for some advice on how to handle a difficult situation with a contractor. Unfortunately I made all the mistakes of not having a new contractor sign a detailed contract and we gave him draws before verifyi...
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $148,000
Cash invested: $20,000
When a gentleman from our church found out we were Real Estate investors, he asked ...
The home was built in 1909 and it’s a diamond in the rough. I’m under contract for $260k and ARV is about $420k. I know (for certain) that it needs at least $20k in electrical and plumbing upgrades. I have a bid for a...
I got a very basic contract with general contractor from Los Angeles. The work promised to be completed in 6 weeks. I did not believe that and estimated for myself it will probably take 10 weeks max. It's been taking ...