Would like some advise here I’m under contract for a quadraplex, during the inspection period I had a property inspector find a few issues, damage to the ceiling from a prior leak , safety issue with the stability of ...
Hi all,
I am a first time investor currently purchasing a two-family home in Clifton, NJ. I am currently under contract with the last step being to obtain a Certificate of Occupancy from the town. The current Clifton...
I'm looking to buy a cash flow SFH in the Atlanta area with 8% CAP rate and 10% CoC return. However, the appraised value is only 80% of purchase price ($100K) so I'll have to kick in $15K extra cash to close with a tr...
Last night the appraisal came in ahead of my first deal. The property was valued at $153,000. My offer was $178,000. The 2010 appraised value was $172,000; rent has increased and they've made improvements to the pr...
This question is for the new investors out there and people who havent really started investing yet. What do you want to learn? What do you think it will take to get you through your first deal? What scares you abo...
Every time I read about the strategy of assuming a non-assumable mortgage alarms go off in my head. I have read the whole philosophy that banks would rather have a paying customer than foreclose. And this little vo...
I am looking into purchasing my first property ever and I want to make sure that I'm doing all of the math right before I decide to make an offer. It's a 4-unit property (3 residential and 1 commercial) and the asking...
So I am new to this. I desperately want to start investing so I can make a difference in my life and the life of my family. I want to start either wholesaling or flipping. I am in a cash poor position with really noth...
Quick question: I received a call yesterday from my tenants father. He said his son just was sentenced to 5 years in prison and he’s coming this week to move his furniture and items out of the rental home I own. He so...
Hi everyone,Interesting situation happened over the weekend and would love some feedback/advice. During the inspection on a property I'm buying in the Cobbs Creek are of Philadelphia, the tenants were present and ref...