Hi everyone,I am new to real estate investing. I decided to purchase my first house for a flip a few months ago. I purchased the house, built in 1950, for $49,000 with funds from my newly formed Self directed IRA set ...
I recently got an appraisal done on a property that was completely rehabbed for a cash out refinance. In the appraisal report, one of the comp used is a house that was sold for $199,000 on 6/2/2020, three months befo...
I have come across and REO where the previous owner still resides in the property. I guess the bank never evicted them. Either way the bank is trying to sell it with the people in there. I was told I would not be able...
I have some personal friends who are interested in going 50/50 on some buy and holds sfr. These are some initial questions.
How do you guys structure that?
Through a RE...
What is the typical cost to remedy a foundation issue?
If I already have a financing/inspection contingency, do I REALLY need an appraisal contingency?My reasoning is because if I have a financing contingency, I feel like if there's an issue with the appraisal, the lender...
I'm under contract on a turnkey rental property. The inspection report is at the link below. The seller has offered to fix most or all of the issues. This is in a B neighborhood.What to you see as potential red flags?...
Hi all,
I own 4 properties all in an LLC. I have a $2,000,000 umbrella property for all these properties. One of the properties I bought for cash. I am trying to do a cash-out refinance for that property. All the...
I have a fourplex under contract. FIrst investment property. I found the property card for it and it has remark : "Dwelling straddles adjoining parcel"Is this something to worry about?Who do I contact about this?There...
View report*This link comes directly from our calculators, based on information input by the member who posted.This is an estimate. The list price is a few thousand dollars more but based on the initi...