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Hello everyone,First things first - I'd like to thank all of the contributors to this forum, your advices and inputs taught me *A LOT* - so I'm grateful for that.TL;DR: For a new RE investor with a good starting point...
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Purchase price - $255,000Expected rehab - $80,000Expected ARV - $425,000Actual rehab/carrying costs - $155,000Actual sell price - $525,000Profit - $76,400Time to complete – 7 months to get on market, 9 months to close...
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I am a general contractor in the NW, been struggling to find my first rehab because of the usual problems: funding, availability, the usual stuff for first timers as myself. When I first moved in the area I met a numb...
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Just got an accepted offer on a quad. Seller won’t budge on price and it will be tight for cash flow. Is it smart to take out a 40 year loan to get some cash flow?
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I have a house in Jupiter and had been planning to remove the tenant then sell the property. The tenant has lived in the house for many, many years, has consistent income (military disability) and a family, so I hate ...
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Hi folks!First post here - Have been lurking for about a week, since I discovered this forum. Loving it as a resource so far!So, brief background - English guy living in Vancouver. I want to BRRR a few places t...
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Hey everyone,This is probably a basic question, but I couldn't find an answer on here. I came across a seller who wants to sell her property, but she thinks that she can't sell for some reason. She said that a CPA a...
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In April I got a four-plex under contract, sourced from the MLS. The seller/owner occupies one apartment and the other three units are used as storage. The seller took their time getting their loan payoff and tax info...
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I am looking into purchasing my first property ever and I want to make sure that I'm doing all of the math right before I decide to make an offer. It's a 4-unit property (3 residential and 1 commercial) and the asking...
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Can someone please describe to me the thought process they go through when deciding on whether to finance a property through fixed or adjustable rate mortgages? More specifically, I'm talking about residential single-...