Kevin K.
Does selling a property factor in principal & interest?
I was talking with a friend and we discussed something that I havent really considered before.He claimed that he was underwater on his house because if we wanted to sell it he would only be able to sell it at market v...
Redgy Saint-Germain
BRRRR !!! Should I factor in holding costs next time?
I have a duplex under reno right that I intended to use the BRRRR strategy on with 8% vacancy on the original numbers. My numbers are all messed up now because the contractor failed to deliver the units on time with ...
Patrick Thomas Mc Manus
What tax percentage should I factor into my equation?
Good morning dear BP members,
I am analyzing the below rental property deal in Florida:
Purchase Price : $ 50,000 (including closing, cleanup & rehab costs)
Amount Invested : $ 10,0...
Carrie Giordano
How do you factor inspection costs of unbought homes?
Hello,How do you factor inspection costs on unbought homes. I've backed out of two deals this year when the inspections showed too many unknown issues. I pay for it out of my "real estate reserves" so do I count that ...
Hanaa Abou Ouf
What factors help you decide to sell a property?
When do you say enough is enough, and decide to sell a property ( and I am not talking numbers/cash flow of course) I have two triplexes in Las Vegas, and it has been issue after issue with these properties. Repairs, ...
Account Closed
Business is fueled by only one factor! Customer Satisfaction
No customers would result in no business. Thereby, successful businesses run on repeated customer visitation and a positive word of mouth. This simple phenomenon is greatly understood by Qualitas who cater for profess...
Andy Mirza
Collecting on PMI as a factor during bidding process
Anyone have experience collecting on PMI (mortgage insurance) with a non-performing note? Would love to hear the good and the bad.We kicked a loan out of the bidding process because the seller's price reflected a futu...
Matthew Samson
Market evaluation: How to factor in new construction sales?
Hi All. I'm diving into some of the public county-level Zillow data. One metric they provide is new construction sales, which I can use to calculate % of total sales and see whether that value is trending up or down.M...
David Cianci
Should I create an LLC before I buy my first property?
Hello, curious to ask if I should create an LLC before I purchase a real estate property. I will most likely either buy a house hack, small multifamily, or partner deal with my first purchase. I understand that banks ...
Daniel H.
Contracts
I recently signed a contract to have some work done on my buildings. I paid 50% upon signing the contract. Before even starting the job, the contractor is saying he talked to his engineer and the job is going to cos...