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Hello Team,I'm new to this group and hope to get the professionals' advice. I did a couple of fixes/flips last year and am now looking to do another this year. Most investors follow the 70% rule of thumb (ARV x 70% ...
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Hi, I am NY-based looking for purchase a long term/BRRR in Cleveland, and want to hear your experience with out of state investing. Are most out of state investors closing on properties without doing physical walkthro...
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Hi BP Fam! So I came across a nice little duplex in my area, a recent flip, decent rents at 1650, PP of 100K (nicest % I’ve seen in a while, considering the 1% rule). I immediately reached out to my agent asking to sc...
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Are out of state investors paying people in the area to go see a properties when they dont know anyone in the city? (before paying an appraiser) How much would you pay some one to go check out a property for you? Deta...
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Hello Everyone,
Like many folks, I'm new to REI and am here to learn more about it. Of course, my interest has been heightened due to an opportunity that I am currently pursuing. :D In fact, I will be getting my f...
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Scenario:
Investor purchases building in North Miami in fairly dilapidated state.
3200 sq ft block construction with no doors, windows, electrical, drywall etc
At time of closing investor is i...
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Hello I’m a first time buyer. I live in Wilsonville Oregon, I’m looking to finance an investment property. I have 30k saved up but I can’t seem to find anything worth looking into around my area. I wanted to know what...
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What do you check with your quarterly inspections for rentals?
I am working on making a template for quarterly inspections for my rentals and want to know what are some good items to look for?
Thanks!
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- This is my first time posting in this section of BP! How’s it going guys/girls? Here’s my situation!!!! - My partner is deciding to give me a “ project “ to handle. It will be my first flip. We assessed the COMPS, t...
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Hello all,
I just wanted to run my checklist by you guys and see if you can please something that I may have missed.
1) If the property is for sale by owner, why is the owner looking to sell the property?
2) How lon...