Larry August
Looking at an auction property for first buy...Advice?
I have been looking to get started in buying rentals. I came across a house in a really nice neighborhood that will need some tlc and is up for auction. It is listed on Xome and I am wondering who has experience with ...
Dave S.
To be Free & Clear or not?
Here is the situation...I am purchasing two properties. Total between them is $183K. The seller doesnt care how i split up the purchase prices. So it got me thinking, the one property has a likelihood to appraise for ...
Heath Green
Determining asking prices on small multifamily property (2-4 units)
I've been researching properties and trying to determine good asking prices. As part of my research/practice I've been using the method described in The ABCs of Real Estate Investing (great book BTW) to determine pric...
Carlos Fong
If I want to sell for $450,000 how much rent should it produce?
Hi Everyone - I just purchased a duplex in Miami, FL at a good price and I am looking for a quick sell. I don't currently landlord any properties so I wanted to ask the professionals. If you were buying a duplex for ...
J G
Low balling
How do you handle low balling a seller for their property? A seller is warming up to a lease/purchase deal, but I think he's overvaluing his home. Here are the facts: he paid 92k in 2005, took out a 73k mortgage, off...
Account Closed
Refi into LLC
If I buy a property as a primary residence with 5% down that is 30% below market value, then later down the road convert it to my first rental property, is it possible to do a cash out refi into the LLC leaving about ...
Reden Dionisio
Estate Sales: what to ask the realtor, seller
I was driving to the bank the other day and saw a for sale sign in a good neighborhood. Talked to the realtor and she mentioned the owner passed away last year so it’s an estate sale.
What are some questions you’d g...
Michael Trueba
Investment Property Purchase Limit
Hi! I am trying to be a real estate investor and I am in my research and learning phase. I am having a difficult time determining the purchase price of a home for buy and hold investing. How do I determine my limit? I...
Eric Odum
Private - Hard Money
I am curious what tactics your hard or private money lender uses to arrive at a value in which they are willing to loan.Do they use a 3rd party appraiser?Use 3rd party real estate agents for an opinion of value before...
Ryan Jones
West Palm Beach, FL - Rent or Purchase? Starting Out
Hello, my first post here and just getting started. I’ve been interested in real estate since before college and purchased my current home where I reside in 2012.Background: We used to live in Palm Springs, FL but mov...