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Anyone from Chicago familiar with Glenwood IL?
Hi Everyone, I just got a property under contract in Glenwood IL. It's a suburb in the southside of Chicago. I was wondering if anyone is familiar with this area? My comps show an ARV of 140-150,000 for similiar prope...
Jerry Chetrancolo
Hard money lending. What I need to know?
I’m curious to learn more about hard money lending. I know nothing about it. Wanting to know roughly how much do I have to have to be able to lend out to investors? Also how much of a chance is it that I can potential...
Ratan Lal
Build home : Moving Out of State should I break contract or rent
Hi All,
Need your advise , I am based out of Indiana and is moving to Seattle for a better job opportunity .I recently signed a contract (Jan) to build a home worth with Pulte group in fishers,Indiana . The purchase...
Daniel Highsmith
Market Trend Direction - When To Buy\Hold And When To Flip
I'm selecting a Farm Area to send direct mail to. I have two areas that i'm comfortable with. After some initial research on Trulia i can see the median sales price for Area A is trending downArea B median sales price...
Raymond Rodriguez
Port Saint Lucie area
Hello, I'm Raymond i am new to Port St. Lucie FL. I just moved from Orlando FL. But since I don't know much of the area and the plans that this city is going threw I will need to learn more about the area and devel...
Stephen Flynt
Columbus Georgia Property Manager Recommendation?
Good afternoon,Can anyone recommend a property manager for single family homes in the Columbus, Georgia area?Thanks,Stephen
Roy Stange
Creating a reserve for Cap Ex, Turnover, etc
Would it make sense to take some of the money from a loan when financing a new property a create a reserve for cap ex, turn over, etc? When designing my model I planned to build up a reserve over time from the cash fl...
Walter Thompson
70% rule?
hi BP
I've been trying to wholesale homes in the state of NJ (not as easy it looks but I knew that, nothing is easy when it comes to make a life for yourself.) I was wondering do you guys use the 70% rule for...
Priscilla Aidoo
Acceptable PM rates
Hello BP nation,Does anyone know the best PM company rates to negotiate for? I heard first month's rent of any new tenant plus 10% monthly for all routine issues managing the property. Any jobs or issues outside routi...
Jason Martinez
Analyzing First Rental Property
Hi everyone, I have been trying to analyze deals on my own and I am asking if you guys and girls can help me with my numbers. Purchase Price: $25,000 (without negotiating) Repairs: $4,000 Closing Costs: $3,000 (this m...