Here is may latest deal and I am jazzed! As of last night, I have an accepted offer of $17,500. It is a duplex 3/1 both units, his asking price was $23,000. Currently rents for $400 per unit.

The current owner paid ...

74 2 br/1ba for $800
Lot rent of $150 mo. includes garbage
repairs estimated at $1000 to 1500
Rent for $450 clear around $275 per month- paid off in 10 months.
Or I can sell for 5,500 with $500 down and $500 per mo...

Had a question about the math on 'Betty's house' offer.
In order to get a realistic cap rate, why wouldn't l divide the NOI of 7896 into the ACTUAL cost of the project which is 93,500 getting a cap rate of 8.4%?

This property I purchased in June of 2013 with an existing tenant.  I renewed their lease in Aug 2013 and in Jan they moved out.  They took 2 months to get out and forgot to pay the rent as well.  I decided to rehab t...

So the market is fairly hot here in Colorado and I've been attempting to wholesale with limited results. About 3 months ago I decided to upsize my goals based on input from my BP mastermind group here. I decided to ke...

Can I use my IRAs to start my real estate business and is there a way to avoid the taxing of the IRAs 

My wife and I are wading into the waters of syndicate investing as accredited investors.  I am a bit of a bookworm, and really learn best with self study.  (Hat tip to “the hands off investor”).   I would love to buy ...

Can you drug test a potential tenant during the screening process?

We bought a duplex and several months later an existing tenant is complaining about rodents.  I contacted a local pest control company and they want $100 to start and $45 per month for both units and a 1 year contract...

I'm just about to get an approval on a SS and the negotiator came back and said the borrower qualifies for HAFA. They sent along some paperwork to fill out and I'm not seeing anything that looks bad on it. Borrower ...