I am about to buy a home from an investor in Jacksonville. I was buying with cash.It's a newer home and I am confident of the build quality, as I am an hvac contractor and have built homes by hand before. I have also ...
I have a property under contract, its a cruddy house on a nice lot in a nice neighborhood. I'm paying $18,000. The lot is 66 x 249'. I could probably wholesale this as-is for about a $5,000 to $10,000 profit. But ...
slumlord is a pretty harsh term, however, let's say-Its a rough neighborhood (some spray paint and busted windows on various bldgs)-A bunch of 2-4plexes on the block-the living conditions of current tenants is bad (pa...
Hi Guys,I'm new to these forums and appreciate all the knowledge everyone has shared. I look forward to contributing.I'm looking at a 14 unit apartment building in Ohio. 90% section 8, building looks really good and w...
I live in California and currently own a duplex and self manage it. I’ve been researching for years on OOS investment properties as California is hard to find cash flow properties. I’ve came close to pulling the trigg...
I’m interested in using the preferred lender of the builder for a new construction duplex. My concern is if the property does not appraise for sales price what options do have besides paying the difference. Is the bes...
I have seen a few properties in my area that are attractive. I came across a 6-unit condo style building that currently has 5 of its 6 units occupied and charges $720 a month plus utilities for $380,000 which I though...
About 9 months ago, I bought my first REI, a 7-unit for $250K. It’s maybe a B- neighborhood and the major lesson has been that vacancies are tough to keep down. I priced the deal assuming 15% vacancy and so far it’s...
My wife and I are complete novice/rookies in REI, but learning as we can. There is a 3/2 SF home burnt down well enough for complete demolition, sitting in a Southeast neighborhood of Houston, TX. The average homes wi...
A lot of changes in the market over the last 12 months, and even David Greene admitted on the BP podcast this week that cashflow just is not where it used to be and that you really have to start factoring in the ROI o...