Nathan Caffero
What is the best way to invest 50,000 dollars?
Hello everyone, my name is Nate I'm from San Diego California and I am brand new to the real estate community. I'm in the process of rebuilding my credit and about to invest around $50,000. I've been doing a lot of re...
Adrian Fajardo
Very first deal... Any opinion on the numbers appreciated!
Hello everyone, I'm a soldier in the US army but have big ambitions and don't plan on waiting to get out of the army to start. This is my first lead and a promising one. Here are the numbers.- I am planning on using t...
Tyler D.
How to handle water bill?
I'm working on getting my first property ready for rent in west Cleveland, and I'm wondering how to handle the water bill. I know in some cities it's paid by the tenant but in others it's paid by the landlord. How is ...
Jason Merchey
Recourse Loans
I am getting some pushback on the idea of recourse vs. non recourse loans from a banker I'm just about to go with. My accountant told me not to take out a recourse loan, one that allows for deficiency judgments (th...
Cameron Lewis
Columbus OH - House Flip #1 - What the heck did I sign up for?
My opening statement is: I have finally walked the plank, closed a HUD foreclosure a on December 9th, and have been wading deep into this project. Ive talked about doing something like this for awhile now, but lacked...
David Robertson
Potential Flip-seller wants cash only offer!?
Background: I am still looking for my first investment property. I have found a 3 bedroom, 1 bath for approximately $30,000 and I think it can sell for around $80,000 to 100k with ~20k in renovations. It is a 1.5 st...
David Robertson
Rehab- Business Accounting Questions
I am currently looking for my first rehab project and had some questions on the accounting process. I am assuming that I will need to track the amount of money used for the repairs, holding costs, realtor fees, etc i...
Rich Weese
I thought foreclosure problem was over!! Maybe not
http://www.sltrib.com/business/ci_14649910?source=rss
I realize this article is from a Utah paper and has a Utah slant, BUT read through the article. Actual # of homes in foreclosure jeopardy is expected to go from 2...
Dan Krause
Use EBay to assign wholesale contracts?
Has anyone ever done this? Successfully? Can anyone think of how the assignment process would work using EBay as a wholesale tool? Thanks, Dan
Marty Summers
Anyone pulling out 100k from their 401K penalty free?
During Covid-19...everyone has been affected one way or another. Who out there is withdrawing 100k per person (married) and buying real-estate? My wife and I already have a nice portfolio, this could get me out of C...