Don Daniels
Buying flood houses
Thoughts on this type of deal?
Newly remodeled, previously flooded, 18% cash on cash, 85% return on equity, 31k down, 4 junk cars next door in the driveway, quick access to hot part of town
Angel Moreno
Will I qualify for FHA loan for a four-plex
There's a four pled for sale in my town for 150,000. But in reality it's two side by side duplexes. Will the fact that it's two building instead of one inhibit my ability to be approved for an FHA loan?
Also, what i...
Amy Kendall
Investing FL, GA, or NC?
We recently bought a 4-plex in Florida, it has gone well so far. We are looking to buy another, but maybe focus on Investing in more of a Vacation Rental this time, as we have 7 long term rentals and we feel our cash...
Nate Morris
A volcano....really? Kailua-Kona vacationRental
Am I crazy to buy a rental home on Kona right now?65% occupancy 4/2 Airbnb rental with a full time 2/1 rental below. It is on a steep hill and right on the 2lane Kuakini Hwy....but it performs well.Then a Volcano happ...
Haickel Padron
Reporting 3 flat in Taxes
Hello everyone,I have a question in relation to reporting a 3 flat or 3 unit that I have in Chicago in the taxes. I still need to create my LLC but as of today the question is the following.How should I report the 3 f...
Tom Rottler
Need help analyzing deal
I have an opportunity for a small mixed residential/commercial property in a college town. Two apartments up on annual lease and 1 pizza franchise downstairs on a 5 year NNN lease. 5 year old property. Need some BP ey...
Account Closed
About to close on foreclosure when basement flooded
Hi All,
I was about to close on what I thought was a great foreclosure for $246 K. This is in Illinois. 3200 square feet, 4 bed 2 bath, all brick. Missing a kitchen and needs about $75 K in work. However comparable h...
Christopher Joseph Landry
Switch Flood and Homeowners insurance in a subj-to transaction
Hello,Longtime lurker, but first post.I have a deal "sub-to" that I would like to move forward with. The only problem is the current owners did a poor job shopping for insurance and are overpaying, for both flood and...
Ryan Duphorn
Turning a bedroom into a separate studio unit
I have a 5 bedroom / 2 bathroom single family brick rancher. It was originally a 4bd 1 ba home (1 room being an office room but classifies as a bedroom) but the original owner added an addition off the back of the hou...
David B.
Insurance on SFRs skyrocketing in central Florida
I own one SFR just north of Orlando. In Volusia county and a second in Seminole County.the Volusia insurance doubled rom last year from $950 to $1900. And back in 2017 it was only $440. The house in Seminole went fro...