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Good morning everyone,I started marketing to absentee owners in my market (Chicago land Area). I have 2 leads that seem very promising and want to know how I should go about sending an offer.The current owners want to...
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Hello everyone,
I am orginally from Monmouth County but currently I am renting in Jersey City living with my brother. Our lease is up in August and instead of renewing we are looking to purchase a property. ...
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Investment Info:
Single-family residence buy & hold investment.
Purchase price: $111,000
Cash invested: $35,000
First property. Goal is to simply start.
A great opportunity to move from theory t...
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Lately we have been doing an exceptional amount of assignments and on some of these land deals we are receiving rather large assignment fee's. I am a large fan of using the verbiage "Vested Title to Be Determined Prio...
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My wife and I just acquired our first deal. A 3/1 built in the early 1900s that has fallen into disrepair over the past 20 years and in needs of a full gut. We acquired the deal mostly for the lot, it’s a B class neig...
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I need to understand how a mortgage lender thinks re: short sales when they've been paid a mortgage for 8 years.Situation: Nice 3/2, 1,350 sq. ft. SFR in good location (great neighborhood, near schools, desirable par...
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I own a Real Estate C Corp that Flips properties. I also own a construction/ design company that gets paid from the C-corp through a 1099 each year when I do construction or design services for the C Corp.
Averagi...
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Evening all, I am getting lost in NOI and Cap rates. What is the formula or points of reference to calculate investing in a multi-family? Can I work backwards from a projected rent? Lets say each door rented for $700....
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Hello BP,What are your experiences/opinions about using a FHA loan over conventional financing? Which scenario is better, in your opinion: (1) waiting a couple years to come up with 10-20% for a down payment or (2) ge...
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I have a few rehab and flip opportunities in Atlanta which have significant upsides if done properly. In order to scale, I would like to partner with contractors for rehabbing. The thought is that I shall focus on dea...