Suppose you find a seller willing to do a lease option but not interested in dealing with the house at all? How would you structure that as far as maintenance and repairs? As you as the sub lessor paying for all repai...
Hey folks,
I submitted an offer on a HUD property the other day (through HUDHomeStore.com). I've bid on HUD properties before, but have never had one accepted or countered.
I checked today, and it appears that my o...
***June 2020 NEW UPDATE***: As a follow-up from my deal in contract below, I am thankful we are still in contract due to Covid-19. But now, the Buyers want to renegotiate a lower purchase price significantly reducing ...
This post is long, you've been warned.
Here is the orginal deal:
Purchase - $75,000
Down - $18,750
Mortgage - $56,250 ($285/month @ 4.5%)
Here's where things get a little more difficul...
A common mistake I see for new investors is that they focus on finding the highest projected IRR. Experienced funds are offering 10-15% IRR yet newer syndicators are offering a 20-30% IRR.So how does a newer syndicato...
Hey BP, I need some advice.I had done my first BRRRR deal, and I'm about $5500 out of pocket into the deal, and looking to get rid of the property within 5 years as I am trying to transition into multi-family eventual...
Hi,Just to give some quick background on me, my wife and I currently have one rental property that we purchased a few years ago that we did some minor repairs to (floors, paint) before renting it out. We've had succes...
I'm in the talk right now with a local investor to owner finance on a duplex that he owns through a lease option. The current value of the duplex is at about $210-220k.His terms that he talked to me about and through ...
Trying to get the correct understanding of this process. I want to do a 3yr with 3.5% down and $100/month rental credit.My main question is what happens at the end of the 3 yr period. I am under the impression that th...
Hello everyone, I am trying to do my first home hack but unfortunately their is no duplex in the market in my area in Baraboo WI that work for me. I found a home(205k) that seems to have great set up for a conversion ...