I thought I had a great deal on a 4 plex, and got 20% off the list price. We have a contract for a cash purchase. The numbers are great.The home inspection yesterday disclosed that there is vermiculite/asbestos in...
My husband and I just had an offer accepted on a multi-unit (our first investment ever!). If all goes well, we'll be occupying one side, and the owner JUST got new tenants in a week ago, so we'll be inheriting them. W...
What are the pitfalls with delayed financing. This is what I read in various threadsa) In delayed financing, the appraisal is typically more strict. So may not come into the right valueb) with delayed financing, u end...
Hello to All,My business partner and I (both Realtors in southern Ca)have decided to take the plunge and purchase our first flip. After running the comps and walking through with my dad and Uncle (both in the busi...
Hi all, I'll try to be brief.My house has been on the market for 5 months with no offers, even with 2 open houses and extensive marketing. It's large, is a 1920's historic home in a very high-demand area, and feedback...
Our architect has done a good job helping us draw up plans to rehab a wing of an 1880 property (including some tear down and re-creating) and suggested working with one of the three contractors he often uses. The cont...
This is just the start of my journey, both for this property and for my REI career, but I learned a lot in the long time it took me to get this property under contract. Want to share what I learned along the way in th...
What percent, and how are you taking your profits in materials and labor or sale of home?
I wanted to provide an overview of how to more accurately estimate remodeling/repair costs on a property that has no interior access, by using 3D modeling. This would be property that is currently occupied, out of sta...
When investing in notes, we all have those deals which are “head scratchers”. Interesting to hear your story. I have many to share (including offering a non paying borrower who hadn’t paid for over a year a free house...