Nikita Sharma
Escrow- what exactly is this?
Hello,I purchased my first property recently. In the closing costs, I prepaid for 1 year of property insurance. In this case, I would assume I would not be paying monthly insurance premium for the first year, because,...
Phil Char
HELOC or not to HELOC?
Hello BP community,
Newb RE “investor” here looking for some advice. I stumbled upon BP years ago but only now have decided to move forward with getting in to Real Estate.
I currently live in the house I grew up...
William Coet
Purchase Offer With Due Diligence Contingency
Hello,
I want to begin making offers on land and buildings and include a due diligence period.
When making offers on land or commercial property is it necessary to place a non-refundable deposit in order to include ...
Coban Scott
Key Real Estate terms
Hi there, I am new to real estate investing and just finished reading Brandon Turner's book on Real estate investing, he mentioned in some podcasts about how important knowing the terminology is and I was wondering if...
Bret Cox
Advice on Quad Plex Purchase
Hello everyone, this is my first post. I'm looking for some helpful advice on a possible purchase of a quad plex. This would be my first investment property. I've found a ton of useful info on the site and have bee...
Josh Klein
Looking for someone with ground up construction experience
Hi Indy Investors, I have a set of investors looking to purchase plots of land for $20,000 - $50,000 and build 3 bedroom, 2 bathroom homes. I'm looking to be all in at $125,000 (including land) and sell these houses f...
Terry Royce
A few questions on Double Closing
- Do you have to include any special clauses in your contract when doing a double closing. Also, with the end buyer do you just use a standard purchase sales agreement.
-Do you have to pay capital gains on a double c...
Bill Robinson
6-unit Analysis, my thanks in advance
All,
I'd appreciate any input you all might feel like tossing in. I am looking at a 6-unit building and have been trying to figure out my own analysis and want to see what any of you think...
Size= 6 units ($500/mo...
Sean Kuhn
Maintenance and Cap
I purchased a property recently for X amount of dollars. I put 12k into it. This was for appliances, ac, electric and other cosmetic stuff. When figuring my cap I allow 20% for vacancy and maintenance and also PITI...
Sylvia B.
Purchase home to rent....Loan, equity
I'm thinking of purchasing a house I'm renting. It's a small 800 sq ft, 2 bedroom, 1 bath. Total lot at 2750 sq ft. Plenty of work needs to be done, which includes roof, and windows. By the end of the year, I'd like ...