David C.
Wrap up insurance for first build when selling?
I am going to finish building my first project, a large log home, in about a month. I built the home as an owner-builder and did the build in my own name, not an LLC. I don't have a contractor license as none was re...
John Matthews
Repair costs estimate when offering price
When setting a maximum offer price, it's customary to assume some estimated repair cost, correct? I assume it's generally a good idea to see the property (and thus have a better idea for repair estimates before you pl...
Kyle Falkenstein
How do Hard Money Loans work?
I'm curious as to how HMLs work:-with getting paid once approved? do they just deposit the full purchase and rehab costs into your account?-How do monthly payments work if there are any or is it more of a balloon type...
Jason Williams
Starting in Raleigh Submarkets - Garner/Clayton Area
Hi all, my wife and I want to purchase our first rental property in the Raleigh submarkets. I want to see who (here) owns rental properties in Garner/Clayton and their success with those properties. I'd like to learn ...
Shubham Porlikar
Determine purchase power
Hi all,I am considering entering real estate investing. As one of the first steps, I am trying to come up with a buy box. But before that, I want to know what is a good way to determine my purchasing power. I want to ...
Craig Rouse
Offer strategy when major repairs are needed.
I'm looking to purchase my first investment property. It probably about a $93k property. However the walls in the basement are bowed and previous offers fell through because it would pass inspection for financing.
...
Ti Jackson
Decision on investing
Hello all, I recently obtained my real estates license and will be affiliating with long and foster. within real estate I really would like to get involved with investing and flipping properties. There is a home in my...
Talon Revis
Accurately figuring repair costs
I am looking at a couple of multifamily homes right now. This is my first...What's the best way for a beginner to learn how to properly assess repair costs? I see people walk through a home an just "know" and are ...
Kyle D.
Thoughts on this 16 unit apt in Mississippi
$550/mo6-12 mo leases. avg. 1 turnover a month (averaging over past 24 months).$91K gross (~90% occupancy)$22k expenses (taxes, insurance, water, sewer, trash, electric)$5k in repairs (~5% of gross)$9k mgmt expenses ...
Kevin L Owens
What comes first?
Hi CLE market & RE investors,As I continue in my newbie status an area of confusion is the order of the buying process after doing the number crunching analysis & choosing some properties to compare for offers...