James Lusk
Just closed on 4-plex, offer accepted on 12 unit!
Hey everyone. My wife and I just closed on our first 4-plex and in the week after closing, have gotten an offer accepted on a 12 unit in Lakewood. Everyone here was so helpful with our 4-plex analysis so I thought I'd...
Konrad R.
Did this flipper buy a secondary loan?
I was looking at foreclosure auctions and noticed a house up for auction. It looks like the foreclosure is for the primary loan. I did some research and it was in foreclosure last year, but it may have been for an equ...
Tim G.
Short sale strategies
Hello,
I am a new real estate investor from Rhode Island and am hesitant to make a short sale for my first deal. I have extensively tried to see how the property I am looking at would not work financiall...
Bahman Ghashghaei
Buy and Hold. What do you look for?
If you are looking for buy and hold, what criteria are you looking for? I just came across an investor who said anything less than 100$/sqft, he would be interested in. I have a few for him. (I am an agent)
W...
Account Closed
Negotiating offers
After wholesaling for a little while now I'm getting the impression negotiation skills play a major role in getting properties under contract. As experienced wholesalers yourselves, how do you begin your negotiation p...
Kenny Hall
Should you stage your rental?
What do you do with your rental when you're ready to list it for rent? Do you take photos as-is and list it empty or do you stage it before taking photos and listing it? I've found greater success in listing a rental ...
Allyson Edwards
Points on a Loan? Yay or Nay
Hi Everyone, Newbie here...I've always been told "Never pay points on your loan!" But is there ever a time where it would make sense to pay a point or 2 on a loan as an investor? Is this the market to possibly be payi...
Brett O
HUD offer question, increasing chances of winning bid
I have been searching all over the internet and can't find the answer to this... Hypothetical situation: Person 1 puts a bid in on a HUD property for $30K using a buyers agent, person 2 also puts a bid on the property...
April Birdsong
Need help with Tenant Decision
This is my first rental. Purchased for $155,000 complete flip put almost $70,000 in it. So proud. Thankful for this community that gave me the guts and information to do it. I put a link from Rentredi if anyone is ...
Joe Butcher
Free and clear: Cash offer or seller fin.?
Heres the situation:
The house is owned free and clear
Seller is motivated but not desperate. It was listed on MLS and didn't sell.
ARV: $150k
Rehab est: 20k
My cash offer: 80k
I...