Account Closed
Estimating a new construction project.
For all developers out there. How do you estimate constructions costs prior to presenting a project to lenders? Do you first acquire land and plan then perform the estimate, or is this done prior to securing a constru...
Marc Izquierdo
Direct Mail - Cash Offers
Hi all,I'm getting ready to start my first direct mailing campaign. I've seen a lot of direct mail examples saying something along the lines "we buy all cash - fast closing". In my case, I'm not in a position to but...
Gretchen Roberts
Capital expenses and NOI
I've read that capital expenses shouldn't be included in an NOI calculation, but is it ok to include a per-door reserve? (By OK, I mean if I include it and use the resulting figure as reasoning for making a specific o...
Melissa Camden
Opinions on a property
Hello I am just beginning my real estate investing journey. A little about me - I am currently AD military living near the Ft Bragg area in North Carolina. I don't have the most money saved but I would like to start w...
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Newbies Start Here
Hello All,
I just finished teaching a real estate investing class in Sonoma County California. The class was an intimate class of 20 or so would be real estate investors.
After the class a student approached me and...
Richard Jumonville
Do I need both Buyer's & Seller's Title Insurance
Hello, I'm under contract on a 4 unit apartment building I plan to buy and hold. I'm placing title insurance because I want to be protected and plus the lender requires it. However something new came up today. My titl...
Charles Granja
What are normal title fees 400-500k house?
In the past, I have purchased homes and title costs are normally 700-1200$ for homes between 100-250k (California/Missouri/Kansas).For a 420k house (Chicago), I am purchasing they have the total at 3500$, seems like a...
William Klawitter
Quickest way to get escrow instructions out to seller on a wholesale deal
I've been wholesaling for a bit now, and my current process is:1. Get purchase contract signed by seller2. Find new buyer, assign contract & get their EMD in escrow3. Escrow instructions then go out to the seller ...
CJ Moulton
What happens when an appraisal is higher or lower than the purchase price?
Hey BP,What happens when an appraisal is higher or lower than the purchase price?Lets say you put in an offer for a house at $200k, and it gets accepted. Once the appraisal is complete, the value is now $150k. What ex...
Brannon Hamby
Seller finance to reduce taxes?
I am in final negotiations on acquiring a property that was inherited. The property is in a good location, thus attaching $value to the purchase price, but there are years of deferred maintenance, and a full rehab is...