Arthur Botting
Buying condos at an auction
I am thinking about buying a condo at an auction to fix up and resell. I live in Los Angeles and there is a healthy market for condos. I have never done this before and would really appreciate input form anyone w...
Arron Paulino
First Time Homebuyer in the Bay Area
I am thinking about moving into a new home in the Bay Area and just got pre-approved for up to $800k conventional financing not FHA due to me owning rentals. I will probably only be budgeting to use up to $600k to be ...
Shewit Tekeste
REO deal analysis help, newbie
Hello,We are about to close on a REO sfh that needs total rehab in 70068 Area.Property: built in 1953, SFH 3/2 1260sqftNeighborhood: Class B,Average comps ~ 120k within 5mile radius ( no homes sold in the same block) ...
Roy H.
They accepted my offer! My 1st investment property!
I went through a house about 6 weeks ago that was bank owned and listed at $75k.... needed some work, but could be rehabbed and sold for about a conservative $5k-10k profit. This was going to be my first investment p...
Aaron Bito
HEAVILY Split Bathroom! Help! (Pictures included)
Hello All,
So I am completely new to rehabbing so I will take some pointers when it comes to renovations. Right now my issue is a split bathroom ( if you guys know the technical term for what I am about to describe p...
Kathy B.
Newbie doing wholesales in NY, help!
I'm asking [/u]not only for myself, but for all the start-up newbies:
1. What type of membership of REIA you recommended? Is $200 regualr membership ok? or it's worthless that you have to spend $750? (newbies has tigh...
Harry Brodsky
How much did your gut rehab cost you?
Hey BP,Curious to hear the experiences of people that have done gut or major renovations to SFR or MFR in Philadelphia.- What was the extent of your project?- How much did you budget in total?- How much did you actual...
Chris Townley
Duplex in New Brunswick, NJ
Hi All,I'm analyzing a deal for an off-market two family, and was hoping to get some other opinions.Here are the numbers:Asking Price: $324,000Gross Monthly Income: $2500Operating Expenses: $1467 (Insurance: $100; Tax...
Joseph Holmes
Introduction / Want advice on investing in nyc condos
I recently got pre- approved for a mortgage and will be moving in with my girlfriend who has a cheap rent stabilized apartment, which will allow me to safe a lot of money.I want to invest in a condo as a rental pr...
Brian Jones
Duplex
Need help with analysis paralysis. I'm looking into a duplex here are the numbers.
Asking $160,000 2 1/1
Rent $975 each unit owner pays all utilities on budget billing plan at $2,940/year
Tax/ins $2,340/year
Would b...