David Tate
Security cameras on rental
I'm about to become a first-time landlord and want to have exterior security cameras at my unit that upload to the cloud. This type of camera will require internet and a wifi password. Should I require the tenant to p...
Jerron Horn
Is property preservation a good way to build capital?
Hello BP,My name is Jerron. I am an inquisitive and aspiring Real estate investor out of Metro Detroit. I am currently unemployed with hardly any capital but a lot of knowledge and ideas. I am looking to venture into ...
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I bought a fin.calc.what are the essential formulasyou use?
what formulas do you use when evaluating a deal for the first time? the only one i know is to take ARV * .7 to get my max asking price (not including repair estimates)
Michael McConnell
Is subdividing creating cash/equity?
Just bought my first home and am wanting to develop the property into 2 fourplexes eventually. My lot is large enough and the zoning supports this project but I am short on the downpayment for the construction loan.I ...
Waylon Smith
Deal 2 - What?
Someone asked about whether or not they should hire a coach or mentor from a different thread in the "Starting Out" forum. @henryclark was nice enough to offer free assistance. I jumped on the offer immediately becaus...
Brian Orr
Should I expect discounts from my realtor?
I've been wondering about all the overhead built in to buying and selling. Especially the 6% commission on each end, closing costs and all that. To all my investors and realtors out there - should I be getting a deal ...
Bobby Holley
Can A Seller Finance A Downpayment?
Here's the scenario: I am purchasing a house from a seller for $198,000. He owes $158,000 on the mortgage. Can I get a loan for $198,000 and instead of putting 20% (roughly $40,000) down with the lender will the lend...
Elias Wiscovitch
Turnkey For A Starting Investor? Why or Why Not
As I’m researching and starting to figure out how I want to go about in REI, I’ve come across the idea of turnkey investing, which unless I’m wrong is purchasing a home for rental that’s already renovated and ready fo...
Dalton Willett
Question about assuming a loan
Good Evening everyone! I want to bounce an idea off of you all and see if my logic on this makes sense. My uncle owns a property in Iowa City, which is a great place to own real estate and a market I want to get into....
Mike Sedlacek
Discussion on froeclosure fraud.
It seems to me that a bank foreclosure on a persons home is nothing more that a bank rip off destroying a families life. Think about this - When a bank offers a home buyer money to purchase a home and the deal goes th...