Wendy Carpenter
Am I analyzing this property correctly? Worth half of ask price?
I'm new-ish to REI, with just one SFR so far. I'm now looking to expand into multifamily (with BRRR!). Bear with me, this will take some length for explanation.I went driving for dollars and sent out four letters. Abo...
Nicholas Bailey
50% Rule/ 2% Rule in expensive areas -> is my reasoning correct?
I'm looking at properties in Chicago and these rules of thumb are basically impossible. I've been listening to the podcasts and reading about the deals, and the numbers are always for these cheap areas, whereas I'm l...
Roderick Smith
How do i get the correct costs for a wholesale deal?
I'm working on a wholesale deal but want to give my buyer some good solid numbers on what it would cost to repair the property and the closing cost. 1.) Should i just plug numbers or get a construction bid? 2.) If so ...
Dhwani Shah
Made a mistake in purchase contract, how do I correct it?
Hey guys. So my wife and I are in the process of buying a home for ourselves. We have one investment property, but this is the first home for ourselves. The listing price for this was 320k, but we ended up getting it ...
Ismail Mohamed
Cash Buyers, What are things you want wholesalers to do correctly
Nobody wants a bad deal, that is the bottom line. When a wholesaler brings a horrible deal to a buyer, then they will just waste time for everybody. I try my best to get the most accurate information regarding a poten...
Ashton Blakely McCombs
First time running numbers on a property. Does this look correct?
View report
*This link comes directly from our calculators, based on information input by the member who posted.
Wilson Lee
When is it correct to maximize rental income reported on taxs?
When is it correct to maximize rental income reported on our SCHEDULE E (Form 1040) for additional mortgage qualifications?For example, an investor already has a few preforming rentals purchased last year. Now that ...
James Quinn
Are my calculations correct?? ROI and cash flow seems too high
Hello everyone, thanks to the help of all of you, i have begun practicing finding properties in my area and running the numbers on the cash flow, ROI, etc. I found 2 multi-family properties and i'll use one as an exam...
David Schach
Why its critically important to estimate correct and NOT be greedy
I was looking over some notes on a property that I missed on back in 2010 in a decent area of Oakland, CA. It was a a lead from a BP member that i wont name. He was trying to wholesale the deal to me and had a contrac...
Juan Rubio
Should I trust the sellers agent that his comps are correct?
Hello, I am in the process of analyzing a very strong deal, i am not working with an agent, but the house is listed on the MLS. I asked the sellers agent if he could get me the comps on the property since I don't have...