So here's the situation:
A wholesaler recently came to me with a property he is trying to unload. I was able to find an end buyer who loves the property based on the numbers. Unfortunately the current home owner isn'...
So I just submitted an offer on my first deal. It is a 2800 square foot duplex 6 bed 4 bath (1400 sf on each side)... in a great location. Both sides are currently rented, but the offer is contingent on side B vacatin...
Good morning everyone,I started marketing to absentee owners in my market (Chicago land Area). I have 2 leads that seem very promising and want to know how I should go about sending an offer.The current owners want to...
Hi BP-land!Just looking for thoughts on how you might handle this scenario.We are about to do a joint venture (JV) project with a contractor. It's a cash only property from the MLS. He can't put up the purchase pri...
I work for a couple investors. They brought be on to dig up deals for them. For every deal I bring to the table, I make 20% of the profits. Most of the time they will close on the deal and then sell it to someone els...
www.649Summit.comWhat do you guys think?
I purchased an occupied duplex earlier this year in Mystic, Connecticut. It's a Greek Revival style building originally constructed in 1845. The location is very good (although it's in a historic district).The house i...
I would greatly appreciate some advice. I own a property in Arkansas (1300 miles from me) free and clear that was bought for $215,000 as a primary residence in 2008. It is a large SFR on almost 50 acres in a rural t...
I'm planning on making a bid on a Wells Fargo REO (listed on the MLS). Records show WF paid $137,500 in 4/17 and it is now listed at $65k. Since the comps in the neighborhood are $140-$200k, the listing agent is expec...
A cautionary tale with actionable advice for STL specifically, and probably REI in general.Advice: When looking at tax numbers for your investment model, make sure the property is assessed correctly when running the n...