Brandon G.
Vetting Potential Seller By Phone
I read @Jerry Puckett 's script that was posted and it's really a big help! When asking them what they think their house is worth and how much repairs it requires and how little they would accept, and how much they ow...
April Birdsong
Inspection report finding plumbing and fire in attic
I am a new investor and just had a property inspected today. I have two questions.1. The plumbing scope found new plumbing in the house but outside the house was rusted cast-iron that the scope was unable to continue ...
Account Closed
Why are rental repair/maintenance reserves a percentage of rents?
I'm confused how using setting aside a percentage of rents for repairs makes sense. And where does that number come from? A $600/mo rental and a $2500/mo rental may have the same reroofing or repipe or mainline or H...
Steve S.
Anyone have experience with Pier and Beam foundation issues?
I'm looking at a prospect that clearly has a little bit of foundation issues, but the foundation guy that looked at it said, for a rental, i wouldn't do anything to fix it. If I wanted to, he estimated it would be ab...
Account Closed
set up my first meeting. need help!!
okay guys so here is the situation....
i got another call today from someone in my area. AND i set up a meeting with him on friday....
to be honest, i have nooooo idea what i am going to talk about wi...
Logan Allec
Foundation Issues on First Property
I am currently in escrow on a four-unit property "house hack", which will be my first real estate purchase. The property consists of three buildings: a duplex, a one-bed one-bath, and a small studio. The foundations...
Lin Ding
Please help advise ☺ Loan from under-appraised to over-appraised
Hi BP community,Let me describe this long story short. So this house I'm buying is a 2-unit small multifamily which I plan on house hacking. It was listed for $850K, and we agreed to $835K purchase during attorney rev...
N/A N/A
You found a property birddog?, Good Boy!
I am a new birddog but i read the birddog 101 article and have it memorized. I found this lot with two almost identical houses next to each other. I think they would be NOT be classified as a rehab but they are kinda ...
Erika F.
Profit Margin
I am trying to determine if there is an industry standard profit margin for real estate investors. Is there a standard percentage of profit that you look for when evaluating a deal?
i.e. When evaluating a deal, al...
April Friedl
Newbie...what to do with my old house?
Hi, I am new at all this. After years of remodeling my husband's 100+ year old house by ourselves, we are finally starting to work on the house I have owned for 15+ years. Because of major foundation issues, I have no...