Bob Hank
How to handle 42 houses on 2 blocks.
I was approached the bank I use about buying 42 house between 2 blocks (all the house on the 2 blocks). All the houses are currently owned by bank; at one time it was all owned by one person. Most of the house are c...
Padma Mody
Do you pay sales tax when you buy from Home Depot or Lowes?
Currently, I am rehabbing single family house and my contractor told me that, since I am using business credit card, I don't have to pay sales tax. Is anybody doing this? Do you pay sales tax when you buy things for y...
Joshua Schoer
Charlotte Retail Investing
Hi All,I'm new to the site and to real estate investing in general. I do however have banking and mortgage banking experience, which I'm hoping to leverage to generate cash flow from buy and hold investing in the re...
Elbert D.
Commercial retail estate in The U.S. is changing drastically...
This makes me wonder how Chicago will look by the end of 2020. Especially with there being a ton of vacant commercial space open all over the city. Even grocery stores are changing across Chicago.....I’m sure things l...
Scott Long
Owes more than asking
I found a beautiful home in Florrisant, MO. Other homes in the area have sold for $250,000-$350,000. The owner is asking 265,000 and very flexible price. He is looking to retire and just wants out of the home. However...
Fahadbin Alam
How does a foreclosure work?
1. What is a foreclosure in general? IS that when you buy the property and you take on the mortgage? Meaning would you take on the Lein?2. What's the difference between foreclosure and Pre-foreclosure?3. As a rental i...
Sanjeev Advani
LL Flooring Joins the Wave of Retail Liquidations: Closing 400+ Stores Amid Bankrupt
LL Flooring, formerly known as Lumber Liquidators, is closing all 430 of its retail stores after failing to secure a buyer during its Chapter 11 bankruptcy process. The flooring retailer is the latest in a growing lis...
Burt L.
What to Look For in a Strong Listing Agent/and Agreement For My Many Unused Investor/Agent Leads?
Caution - seven lonely paragraphs ahead..... In response to my marketing, I speak to many people who respond that would like to sell their properties, but who want top dollar despite their properties needing at least ...
Account Closed
Does raising the rent on a SFH raise the value?
Let's say a Single Family Home was bought for $100k and rents for $1000 (GMR = 100)a month. If I am able to get $1,200 a month, wouldn't that raise the value of the home to $120k , using the same multiplier?I have hea...
Scott Szurek
Appraisal Valuation so Close to the Selling Price
Why do appraisals required by lenders for properties purchased with conventional mortgages always - a very high percentage - get valued at a ridiculously close number to the final selling price?There is no way apprais...