Manco Snead
Problems with OOS Property Tenants
Greetings,Looking for thoughts on the following scenario. My first OOS duplex, owned for one year.Side by side, 1976, clean neighborhood, nice backyardsPurchase price: $200KTotal rent/month: $2000Mortgage: $1000 Rate...
Sam Leon
Dealing with city's permitting
I have recently purchased a duplex REO property which has a number of violations with city liens. I am in the process of clearing the violations and running into some issues in trying to be the "owner/builder" of the...
Cynthia Hartley
Why does a contractor want to know if I plan to live in the home?
Hi everyone,I purchased a new house as a primary home, although I currently have a primary home that I plan to rent once the new house has been renovated. I called a roofer to give me an estimate to replace the roof o...
Deborah Fischer
Positive Experience as a First-time Flipper
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $38,000
Cash invested: $43,000
Sale price: $143,000
1900 build; largest expense was drywall retexture. Me and ...
Tami R.
CREDIT SCORE...
Quick question... I just got my free credit report for the year. I have a question regarding revolving loans. I only use about 3-4 of these cards, should I close the cards I don't use or would it hurt my credit score?...
Harvard Hill
My First Flip
I’ve been dreaming of flipping a house for the last five years or so and trolling the BP forums for the last six months. BP was a big factor in getting me comfortable enough to pull the trigger and buy my first inv...
Derek Adams
New Member Derek from St Louis, Missouri
I am new to BP and the world of REI. I am looking to transfer my experience as a home owner and experience in the stock market over into passive income with a positive cash flow. I want to first do a market analysis...
David Paul
Need to get a condo off my books
Hello BP,So I have a condo that I would like to get off my investment portfolio as I cannot rent it for a year (long story.) I would like to flip it and put it back on the market. I know I cannot put it back for mar...
Jonathan Beaumont
Renovation for one bedroom
What is the average total cost for renovating a 750 square foot one-bedroom co-op in New Rochelle, NY? I want to have the following completed.
1. All the walls fixed and painted. (The walls have minor holes where she...
Michael McCormack
Best way to Maximize Cash Flow on Rental Properties
Hello Everyone,I was wondering if any experienced landlords had any tips for maximizing cash flow in duplexes/triplexes. To me it seems as thought the initial cash flow that you begin with after purchasing the proper...