David Simon
Article on housing market shifting toward buyers. Thoughts?
https://www.bloomberg.com/news/articles/2018-07-26...Just read this article and found it interesting. Up front, it states:The U.S. housing market -- particularly in cutthroat areas like Seattle, Silicon Valley and Aus...
Steve Adkins
Duplex Investment Analysis
Just as a quick summary, I'm looking at a 2 unit property that is listed for $59,900. Each unit has 2 beds and 1 bath for a total of $1100 in rental income per month ($600 for lower unit and $500 for upper unit). The ...
Account Closed
Erentpayment.com payments delayed
Are other people having issues with getting their money from this company? I have a tenant that pays biweekly and her payment normally would have appeared in my account on Wednesday. I emailed them to see where it was...
Anthony White
Is this deal for an 8-plex a good one?
I have a 8-plex under contract For $60k, the estimated rehab will be another $40kThe way the contract is currently written - is for $40k down and the seller will carry $20k over 3 years allowing interest only payments...
Scott Williamson
Portfolio Lender Memphis, TN
Hey everyone I am working on purchasing a portfolio of Single Family Homes in Memphis and would like to know if anyone has a Portfolio Lender that they can recommend. Thanks
Samantha Klein
Expense or depreciate repairs?
Hi all, I purchased a duplex in July and gave both sides notice to vacate. They both vacated Aug 1st. My question is since it was already in service on the day I took ownership, can I expense the costs to fix it up? I...
D Small
Newbie Needs Help with HUD Bid Amount
Hi All,
This is my first time trying to bid on a HUD property.
I just started watching it a few weeks ago when my realtor told me a prior contract fell through (it was vandalized during the inspection period so the ...
Brandon Sturgill
Is Ungrounded Electric a Deal Breaker for End Buyer?
Any thoughts...house built in late 50's...some electric upgrades but still mostly original. All copper wire, non-grounded.
Thadeous Larkin
HELOC in Syracuse, New York
Hola friends,Hypothetical: I buy a house in Syracuse for cash and then need to finance the flip. (Don’t fight the hypothetical, that’s the situation)In trying to finance the flip, which will cost between $40-$50k, th...
Stephen Stokes
Lumber Futures Pricing Back to Feb 2020 Levels - What to Expect
As we have all been very aware, lumber prices have been on a tare higher since bottoming out in April 2020. This has been impacting everything from new construction, to rehab projects and even quoted as being justific...