Chrissy Disch
Analyzing Rental Purchase - What is OK to ask for before an offer
Pretty self explanatory subject. What things can you (and should you) be asking the agent or owner of a property prior to deciding if you want to make an offer on a rental property?Ask for the rents and terms of any ...
Jerad Casto
Land between properties
I was researching some delinquent land on our county tax website and came across a strip of property between 2 houses. I assume the homeowners were unaware that this property had come up for auction or that it even e...
Syed Ahmed
First purchase, for analysis
Hello everyone,So going to close on my first rental. Would love some input from the pros. 4 bed, 2 bath Asking price 53KPurchase price 43KSmall rehab: 2500Est. Rent. 850-900Loan15% down, 5.9% 30 yr. Estimating P...
Rashawn Stevens
Wholesalers responses needed
I am trying to get rehab estimates for a property so I can wholesale it and no contractors are willing to do it unless I give them $300. Wholesalers how are you guys coming up with your rehab estimates?
Kevin Franklin
Business Trip Write Off
I purchased a ticket in December for a flight in mid-Jan strictly to visit one of my properties and attend a seminar. Would this be a tax write-off for my 2019 tax return? Also wondering if the expenses incurred dur...
Donovan Warren
LOS ANGELES AREA MENTOR
Hello my name is Donovan Warren. I am located in Los Angeles, CA. I have recently finished my first fix and flip properties. I'm now transitioning into syndicating and purchasing a multi family complex with great cash...
DJ Cummins
Sub30k rental purchase... should i stay or should i go now?
Good morning everyone,Looking for some opinions here. My wife and I currently own a 4 unit Multi-Family(20% down pmt), and are cash flowing about $750.00 per month, give or take a tad. We are excited and are ready t...
Erik Azevedo
How much in cash reserves? (4plex, FHA, househack, Akron OH)
Hi everyone.I'm looking at a fourplex listed at 159,900 as a househack for my first deal.I have limited cash and I need advice regarding how to come up with a sane/safe amount of cash to have left over after the deal ...
Benjamin Cowles
When DON'T you need an inspection?
I recently missed out on a deal because another buyer offered a contract without an inspection contingency. And the seller of another property for sale requires a non-refundable deposit, which even with an inspection...
Lucas Musil
Maintenance and Capital Expenditures costs?
I am trying to understand the best way to figure out the most accurate way of calculating costs of maintenance and capital expenditures. I am thinking it could be 2% for one and 15% for another by seeing what conditi...