What do you believe is an appropriate percentage of Seed Capital vs. reserves that you should have. For example, if you are buying a $100k house and have to put 20% down how much should you have on reserve (20% or more)?
Got a call from someone that had just looked at a property I am wholesaling. Tagged! Not by some fool with a spray can, but by the City (requesting that it be secured in x days or else). I have it on a lockbox but ...
Hi everyone, I'm looking into buying my first investment rental property. I would just like to see what everyone thinks is the best kind of property to buy: condo, townhouse or single family?
I've read somewhere t...
Hello all, need help seeing what I'm missing. I'm a loooong time reader/watcher and first time having a seemingly perfect opportunity fall into my own back yard/ neighborhood. Been looking for a tri / quad forever in ...
I recently contacted a 4-unit owner about his intetest in selling his rental property. this is an off market deal. below is what i got in response. any advice on what steps/actions on how to tackle this?
“I was no...
I did it!!! 6 weeks of marketing. 3 offers and i got my first contract signed. $115K ARV signed at 67K. needs about 10k in work. house was hit in tornado. whole second floor was redone( roof, bathroom, bedrooms. every...
I would love to chat with some established investors about a duplex deal that I'm analyzing in Polk County, FL. Estimated current market value is ~$26k, listed for $32k. Needs approx. $26k-$30k in repairs (roof, A/C [...
Hey BP,I'm looking at a duplex about 30 minutes outside of my hometown and right now, it seems too good to be true. This would be my first investment property & I was hoping to get some feedback on the numbers to ...
Thank you ahead of time for your input.
Situation:
I purchased and flipped a house in Phoenixville Pa. Very nice 3br single home in a nice area. We did a COMPLETE rehab on the property including roof,si...
32 unit brick. Great occupancy. C+ area. I am very familiar with area, I own other smaller multis and SFH's in same neighborhood.Current owner seems to keep building in great shape. Well taken care of.Mechanicals seem...