Randy Charboneau
Grand Rapids Michigan Wholesale Flipping and Assignments
Are you an investor or flipper in the Grand Rapids area? Have you secured a foreclosure or REO flip and are ready for the dirty work of renovation but struggling with funds, or sub contractors, or a variety of issues...
Koob Moua
Adding an additional room
Question for the pros. So I’m under contract for this property at 106k and has foundation issues and the property will probably appraise for 160-180k. But also the seller says that the house is a 5 bed and county tax ...
Brandon Sturgill
Tracking Market Indicators
Does anyone have a succinct method (or advice) for tracking relevant RE market information. I seem to be finding myself looking at multiple sources for relevant pieces of infomation. (housing starts, economic data, mo...
Gene H.
Fast Food Tenant Leases (Absolute Net Lease)
Hello -A friend that's part of an investment group owns an absolute net leased property occupied/leased by a national fast food chain operated by a franchisee that operates ~150 restaurants under several different ent...
Jenn Rosenberg
Multiple offers headache
So I recently made a (kind of low) offer on a house. This is where it gets tricky. The house has been on the market for 40 days, and the listing agent is claiming there are several offers and of course, that mine is t...
Elizabeth J Humphrey
home path deal
Anyone have a decent experience purchasing a HomePath property? We just submitted our 1st offer online during the owner occupant period. Have read many horror stories online about FannieMae either rejecting your offer...
Diego Furlan
Should I expect cashflow on my first house-hacked property?
Hey, there!I'm hoping to get your opinion on this I found a property that I can live in while renting out a basement and another unit (House is a duplex with a basement). When I calculated my cashflow, it came out as ...
Sanat Bhandari
Rental Price Growth Pace Slows Down Considerably
According to this article by CNBC, rental prices have witnessed the slowest growth in the last 19 months. Some excerpts from the article:- Rental rates have witnessed the slowest pace at 3.4% in November '22- Sun belt...
Account Closed
Question about 50% Rule
50% of goss rent goes to expenses right?What expenses are those?Does it include insurance or PMI?Or insurance and PMI is in my mortgage?50% gross rent for expensesAnd 50% for mortgageSo insurance and PMI is an expens...
Matt Splittgerber
Commercial Lease Buyout
I am meeting with a broker tomorrow in regards to this question, but I was curious if anyone else has dealt with this scenario and what percentage they received.I have a dark QSR that the operator still owes 8 years o...