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I just completed the rehab on a 3/1.5 SFR that I purchased through seller financing. purchase price $23K10% down, 12 payments- based on a 5% interest rate, and amortized over 20 years. A balloon at the end of the 12...
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I've been running the numbers on various properties in Toledo just to get a feel for different scenarios. When I get insurance quotes in lower income areas around Toledo, rates seem to go through the roof! I'm talking...
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Hey everyone!Let me preface this post with the fact that I plan to talk with a CPA on all of this, but I like to be educated for conversations like this.
I purchased my house in 2012 for $185,000. I’ve been living in...
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A few questions on insurance questions since this is our first home purchase, they keep popping up.If we get just the ACV policy and...worst case..it's destroyed, can we just take the money, sell the land and reinvest...
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Day after closing, my team started demo, and we discovered extensive termite and wood rot damage that wasn’t disclosed in the sellers disclosure and wasn’t discovered during our inspections.The seller lived at the pro...
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Hey guys, so I am currently taking my real estate agent licencing course and I am wondering what brokerage I should look for. I am going to be working part-time due to being active duty military. Should I look more in...
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Hey All,
Rookie investor here, and I'm looking at different properties for the best deal. I've done my fair share of research into good 'rules of thumb', but not any that consider the cost of land in the area. I've h...
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So, I'm just curious about this very unique situation. I'm not personally interested in buying at this price, but just wondering about responsibility of the seller. This is just for learning purpose. Long story to set...
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I wanted to see if anyone can provide feedback on Rental Dwelling insurance. I currently use Statefarm and my premium just went up from $450 a year to $500 for the year. Now I know this isn't a big jump in cost on a d...
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Good morning BP brothers and siters.. I am currently analyzing a burn out property for potential complete rehab. I have never done one before, but I have seen that the opportunity can be great and bad. Property is in...