Marshall Shen
Deal Analysis for an Illinois single family property (7 of 30)
Hi there,
I'm doing a 30-day deal analysis challenge where I analyze one deal per day. This is my 7th day :)I analyzed a deal in college town (Urbana, IL), and assume a reasonable rent, and it passed 1% rule.
Based ...
Ginger Spurlin
Listed as a 4-3 but really a 3-2
Is the seller/agent accountable if they list a property as a 4-3 but the renovation/addition of the fourth bed and third bath was not permitted work, therefor, it is still a 3-2 in the tax records and the appraiser d...
Jeff Rabinowitz
What Rates And Terms Should You Expect From Your Private Lender?
Different forms of this question are posted frequently and the answer to the title question is the same as the answer to many real estate questions—it depends. To answer this question we must have a common unders...
Justin Conza
Wholesale Lease Option Paperwork
Hi, My name is Justin and I'm a newbie to REI but I am very eager to get started investing. My background is in IT as a Systems admin and I've had my hand in a lot of other smaller business ventures. Now i am really t...
James Bordeaux
Pickle in a Fix and Flip
Hi Everyone,
So, I took the plunge. I bought a house (Tax Lien). Last year. 8 to 10 weeks to renovate, but I got road blocked with a redemption and lost about 2.5 months of work and holding costs. Then house gets bro...
Katherine S.
Would you agree to this seller's addendum?
My husband and I tried to purchase a 2/1 SFH earlier this week from a flipper. It is in move-in condition, could be put on the rental market the moment we close, ties up very little of our funds, and fits our perform...
Mike Evans
Networking with other investors to raise capital
I live in West Texas and I'm looking to purchase my first cash flowing multifamily property in Midland/Ector county within the next few months. I have identified and I'm working on putting a contract on an 80 unit pro...
Dan Cerempei
Renting or selling my 1st house
I'm in process of buying my 2nd property as my maine residence. Thinking to rent my 1st property. Just numbers don't really add up. So:
1) 1200$ mortgage payment
2 ) extra 100$ a month cause we are loosing homeste...
Marcy Albrecht
Interest rate on private money loan
I am looking to lend some money to a RE friend for one year for her seed money to buy an investment home. I am coming up with two different amounts of interest. Help!
Let's say: $ 10,000 x 12% int x 1 year
When I put...
David R.
House Hacking - Chicago & Philadelphia
All,First, I would like to say I am new to BiggerPockets and I certainly appreciate a community, like this one, that helps and guides like-minded individuals. I am a 28 year old Finance professional living and working...