Joshua Michael Hauman
Forget profits, use this instead
When considering real estate flips, there are a few ways you can look at profitability. Primarily how I evaluate a deal is off expected rate of return. Secondarily I focus on projected profit.
Risk assessment is cru...
Scott Ma
Get rid of smoke in a rehabbed house
Hi all BPers,
I bot this house from a smoker and rehab it recently. Changed pretty much everything (floor, repaint, kitchen) but the living room still smells a bit smoky. Is there a good way to find the source of sme...
Amanda Hoening
Cabinets smell??
My tenant is complaining that the cabinets smell bad. The home was well cleaned when they moved in... I never noticed a smell? Anyone ever heard of this?
Brian Seelos
Foundation problems on a foreclosure
Does anyone have experience with foundation issues with buying foreclosures? We're looking at an auction property, that is "as is" but has visible foundation problems. I've never had to deal with foundations before, a...
Megan Penman
Terrible cat smell- ozone suggestions?
I purchased my first real rental this weekend and it has a terrible cat urine smell throughout the house. I am have ripped up the carpet, and padding to find old linoleum flooring on top of the subfloor. Has anyone us...
Karolina Powell
What would you pay for a 10 apartment + 3 commercial unit multifamily?
I'm trying to figure out how the seller is coming up with their figures.What would you pay for:Multifamily in a small town, low appreciation potential, 3 commercial storefront units and 10 apartments. 8 single bedroo...
Goodwill Manly
Getting charged a ‘ULDD submission’ fee of $130
I’ve never been charged this fee before and the lender is saying it is a mandatory fee charged by Freddie Mac. Anyone heard of this or know how to avoid it?
Ike Stephens
Using an LOC From a Business to Finance a BRRRR
I'm trying to find the most creative solutions possible so I can fund more deals. Here's a possibility I've been pondering.My wife and I own another company completely unrelated to our real estate business. Through th...
Marco Morkous
Am I too excited about this?
So I just bought my first rental. Obviously Real estate is a huge wealth building tool. This is probably an irrational fear but my worry and the worry other keep bringing up when putting down real estate is what happe...
Gordon Johnson
Duplex w/ 1 meter & 1 water heater
Hello BP community, I am under contract for a duplex that has one electric meter and one water heater for both sides. The duplex is a rehab property. I have two questions :1: Do I need to add an electrical meter (so I...