Justin Nothem
WB-24 Option to Purchase Agreement ?s (I apologize its so long)
Hello,I will first give you back story then the questions.I have recently started to dabble into real estate. I came across an opportunity to purchase a property that I am leasing for office space. The property has tw...
Paul Wilcox
Mentor & Student Team Close 104-unit in Virginia
Investment Info:
Large multi-family (5+ units) commercial investment investment in Chesapeake.
Purchase price: $9,250,000
104-unit multifamily, mix of 1, 2, & 3 bed, completing 60 unit renovations ov...
Josh Wood
How much too offer for REO/Post foreclosure bank owned home?
How low do you go when making an offer to a bank on a REO Property? I am looking to flip a property in West Michigan. However, in my opinion, the bank is asking way too much for a property in which they own. They are ...
James Syed
Buying a Fourplex
Hi everyone,
There so many formulas / equations when it comes to buy an income property, such as cash on cash return, cap rate, debt coverage ratio, break even ratio, gross rent multiplier, price per unit, p...
Bruce Woodruff
Best Credit Cards and Why?
So question - If you were getting a new credit card(s), which one(s) and why? Not interested in miles so much. Some points would be ok if they were significant enough. Just to use and pay off monthly. A friend of min...
Scott Pigman
Does John T Reed's formula for positive cash flow make sense?
A week or two ago there was a discussion regarding the 50% rule based on this "positive cash flow" article by John T Reed (actually Reed uses 45%, but that's neither here nor there for my question).In the article Reed...
Blake Piedrahita
Pros/Cons or Refinancing 6 Months In
I purchased a 2 unit home in March for $322k and have spend 6 months renovating. The property was so cheap because it wasn't in great condition and was listed at about 1,200sqft, but was mismeasured and is actually a...
Keith A.
Having trouble figuring out property comps due to foreclosures
I wanted to see if others are seeing the same scenarios. I buy properties that need rehab and also ones that have already been rehabbed.
One that I am looking at has already been rehabbed but there are no comps clos...
Lee Melvin
Price to rent ratio (lower better?)
Wouldnt it be better to buy properties in places with a low price to rent area?
In other words, cheaper houses with the highest rent?
Am I off here?
Christopher Stanis
Why a "POWER TEAM" is a waste of Time
You MUST HAVE ALL these professionals on you "POWER TEAM" to Begin Real Estate Investing: 1. Real Estate Agent 2. Home Inspector 3. Mortgage Broker 5. Attorney 6. Accountant 7.Contractor 8. A...