I am quickly coming to the realization that I will eventually be running out of sellers to direct mail in my area. Does anyone have experience with re-mailing sellers, and what is the success rate compared to the firs...
I just bought a property from auction.com. I am set to close in a month. I have not seen the inside but even if its a meth lab I got a great deal. However, it is currently occupied. Does anyone have any ideas on ho...
I am currently looking for a multi-family house in the Somerville area and am running into an appraisal issue when putting in offers. I was just recently beat out on an offer as another buyer completely waived their a...
I am new to running commercial deals and when looking at cap rates and NOI the numbers don't quite make sense.
Example:
Asking price - $1.175m
Cap - 6.36%
NOI - $74,000
Its a 5 unit in Denver, Colorado. I can s...
Do you guys only buy in good areas?Does anybody buy in bad areas or below average areas?For instance, property is close to "druggies " area....An appraiser came to a unit and there is a passed out tenant on the couch....
When, if ever, do you depart from the 70% rule in making your max offer on a property?
I'm currently sitting on 6 buy and hold investments, and looking to acquire more, but began looking outside of my area due to very few cashflowing opportunities in my market. I've even relaxed my criteria in order to ...
I'm thinking of taking out a HELOC to fix and flip this house. http://cheaphomedeals.net/show_listing_details.php...Judging from the pictures, what should I do to it?
Well, I just got a message from them that they want me to get the house tested for lead and asbestos, and they need those tests before they will give a deposit. Is this reasonable?? They *do* have a 10-month-old boy...