Hi BP, I am a new real estate investor living in the suburbs (beachside) of Los Angeles. I was looking to invest in the city of Long Beach, but houses are around $550k each for multi family duplexes. I walked in a hou...
Hello, I am looking for advise if this deal looks solid4BD, 1 bath 1500 sq ft house, new metal roof on house and garage, house needs updating, around 5-7k in updates. Asking price is $58,900, I was thinking of offerin...
Hello all,I have a question about how to figure out months of supply for an area. I am trying to come up with this as suggested by @J Scott in the flipping book. Right now however, it's March, the last month was Feb...
Hey everyone I have come across a deal in a good rental area. The price is right. It's a safe, quite area, and the rent in the area for the size home is 1200-1300. My biggest concern with this property is the yard is ...
I've been thinking over the 50% guideline and have spotted a hole in the analysis.
Say for example there is a house for 50k. House rents for $800 x 50%=400. P&i $300 and $100 cash flow. Good deal right?
No...
Hello - I am looking to purchase a multifamily property that is a 3 bed /1 bath and 4 bed /1 bath. We are planning on furnishing the property and marketing it to traveling professionals. I am concerned we will run int...
I have been looking to invest in Real Estate for a while now and I think I’m about ready to get my feet wet. I’m looking to buy a MFH, preferably a Duplex or Fourplex.
I'm from Seattle and currently living in San Di...
What is the typical cost to remedy a foundation issue?
Hey guys I'm a wholesaler new to BP! Quick question, when structuring a wholesale deal, does the remaining amount a motivated seller still owes on the house factor into the maximum allowable offer (MAO)? I know the ...
Hi all,I purchased a new build single family house last December and just found out there are several issues with the house: the bathtub is not installed, the roof is unfinished, the ridge flashings are not installed,...