Isaac Atwood
Purchase Price $77k. Rebuild cost $880k. Insurance
I purchased a 3 family for 77k. After repairs it will be worth around $150k resale value (TOPS). The insurance company refuses to insure me below a rebuild cost of $880k. I know this 3 family isn't worth anywhere near...
Danny Shore
closing costs & settlement costs
"When you receive a Good Faith Estimate, these are "estimates" of what your closing costs will be. The reason these are estimates, is the actual costs will vary slightly. There are several unknowns on a purchae transa...
Nic S.
Negligent claim - warranty deed vs closing date
I fully intend to get a lawyer involved if it gets to that point but I figured I would see what you all think of this situation. My property manager received a letter from a current tenant stating on June 1, 2020 her ...
Brittany Farrell
Wind Energy Blade Company is Tenant in Default
I am posting this on behalf of my mom, who is in pretty desperate need of some help. My mom owns some land on the Nebraska/Colorado border. There are windmill blades from Colorado being stored on her land in Colorado....
Chavis Atkins
2 Homes rented in Hammond, IN... good deal?
Alright, well I have 2 homes that I want to put under contract as the owner has given me the terms he want and I want to shoot this out to buyers but I'm not quite sure if I have it structured right.CURRENT OWNER PROP...
Siddhant Pradhan
Prioritizing First 10 Properties for Out of State Real Estate Investing
I have been reading Long Distance Real Estate Investing - David Greene, and came across an interesting tidbit of information: Your first 10 (1-4, 5-10) property loans are Fanny Mae insured, after which your loan crite...
Chong Liang
what is the ROI on this property and is it worth buying?
Hi i'm new here, new to this arena. I was looking into an apartment complex with 11 units most of which have been renovated. Here are the numbers:Gross annual income: 180,000Expenses: 60,000Net operating income: 120...
John Wily
Have 50K cash - How to invest in REO in Orlando
Hi RealEstate Guru's,
I am very new to BP and also to real estate investment. I have 50k Cash and I want to make best use of it. I live and work in NYC and wanted to retire and live in Orlando in future. So I wanted ...
Ivan Reyes
What's enough cash reserves?
My partner and I are securing a hard-money loan to do flips. Low to mid priced homes with ARV of 80-100K. We are working on our first flip at $70k ARV. We are planning on getting a private loan of $5k so we can have s...
Rick LaFleur
Bank Account question
I am close to finishing refreshing STR and putting on AirBNB for the first time. This townhome was purchased as primary, then kept after buying another home as primary, so it is held personally, not in LLC. Is there...