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I have a very basic financing question. I have a home I am looking to buy in need of repair. I am looking at using an FHA 203K loan.
If the cost of the home is $250,000 and I need to borrow $120,000 for rehab costs...
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Hi BP fam,I am looking to really educate myself with the rehab (cost, materials and labor) aspect of investing. What are some suggestions the community is willing to share on familiarizing yourself both as an investor...
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Prospective homeowners, consider property taxes when budgeting for your home. They can vary widely and significantly impact the overall cost of homeownership. When calculating what you can afford, factor in these taxe...
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I am a landlord who manages my own rental property. I do not manage property for other owners. I set up my chart of accounts in QuickBooks to include, among others, two types of accounts: (1) Cost of Goods Sold acc...
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So I made an offer on a rental that pm says would be a good deal. The seller returns and counter offer it. May sound stupid and I told my realtor I accepted it but want seller yo pay closing cost. Is it typical to hav...
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Who's entitled land and built and sold a spec home under 800 sq ft? Would love to see how it went in your market. We have one breaking ground in Newark, OH in Licking County, a submarket of Columbus and it's ultra mod...
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I am wondering if you tally up all costs that come with purchasing a home (turn key rental for this example) such as title and escrow, closing costs, property taxes, etc. What is the average total cost as a percentage...
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I have flipped a few homes now, more than I will admit, and I have come to the conclusion, that using my contractors that it may be less expensive to build new, rather than flip in some cases.There are many lots, no...
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I have a single family home that I refinanced in 2010 and paid off completely in July of 2013. The home is now a rental property, and has been since 09/01/2014. I didn't take the depreciation deduction on my 2014 re...
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As I continue to evaluate flipping homes I am perplexed by this question:
How is it possible to add market resale value at a cost that is less than the market value you add?
If a house is currently worth ...