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I have been (briefly) pitched by a rehabber who needs $$ to rehab multi-units, occupy and resell 18-24 months later. Promises 8% and percent of profit upon closing. Claims it'll be secured by 1st lien (I have to menti...
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Hi, everyone,
I need some input. My broker sent me an opportunity to buy a 90 room, full service hotel in a rural area, and the price seems low- the owner wants $475K. The biggest problem for me is: ...
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I have to relocate. I see no way I will breakeven if I sell my home. I am considering renting and using a property management group to take care of the property. The home is paid for, so renting will not impede my ...
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My partner and I have been looking at multi-family house for the past two years or so and have even gone under contract on two properties before pulling out because of inspection discoveries. We hadn't considered comm...
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Hi all,I'm looking at 6-unit apartments and most in my area are mostly C units built in the 70s and 80s, with some in the 50s and 60s. The outside is brick. Pretty clean. Seems like they stood up well against time. In...
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I’m trying to get started investing in rentals in the Oklahoma City area. My question is about realistic reserves when figuring deals. I’ve been using the numbers discussed in a bigger pockets webinar that I attended....
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Do you guys actually pay for a home inspection and get contractor bids during your inspection contingency window? Or do you just look for a buyer and let them do all the due diligence?
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Considering a first property off auction (pre-1900 duplex in STL City, typical foundation style). Unable to see basement due to 4-5 inches of clean clear (seemingly standing, or slow/low leak underwater) that was in ...
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.It is an art in the sense that there are many variables to test when doing direct mailing, and if you do not have the patience, money, know how with those those variables it can hurt you big time and can "Sink you be...
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Hi BP,I realize again the importance of avoiding over-leveraging especially in this unforeseen recession crisis. I thought I would never leverage more than I can handle (pay them all back) in the worst situation, but ...