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Many of the properties I've been looking at - in lower income type areas - have a few registered sex offenders on that same street. Is this an immediate no? Would you still invest in that area?I would feel pretty te...
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Two of my tenants have a washer/dryer installed in their units.Eventually down the road when I build up capital I would like to put a coin-op in the basement. When this happens how can I have them remove their washer/...
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Does anyone have experience and/or a system in place for Rooming/Multi-Use Housing? It seems like a way to drastically increase rental income and not much extra work if done correctly. Im just wondering who's done ...
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Last year I bought my first two rental properties in Michigan. I've been keeping paper receipts in folders all year (gutted and rehabbed them), didn't really have the time earlier to do anything else with them. Now I ...
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I'm struggling a bit on what was seemingly a home run deal. Was hoping for some advice from you seasoned pros. I stumbled upon and quickly locked up a home that is 3 hours from the territory I typically work. Just ...
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Hey everyone
Here is a deal I closed on in January. I bought a duplex in Cleveland for $27k and put in $7k in fix up. I get $950 in total rent, $475 each side. I have a seller financed note for $19k and my monthly pa...
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I do not know about you, but with all the troubles you read about concerning Bank of America it makes you wonder if your money is safe with them. If I had any funds in their bank - I would take it out as fast as possi...
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I have been bothered by this for some time and now that I have experienced people to ask... I just have to ask.
My parents own the home I live in. We are preparing the home for sale. It needed a lot of minor work w...
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Am I missing any steps?
1. Find a motivated seller, with deal potential.
2. Determine ARV and REHAB COSTS at meeting.
e.g. ARV: $150,000 REHAB: $25,000
3. Negotiate a deal.
$150,000 x .7= 105,000 - $25000...
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I am in need of some help from my fellow BP members.
I am structuring my marketing materials for my new strategy of buying Castles to rehab flip as well as wholesale.
Should I state in my marketing materials that I b...