Landon Elscott
I think this is a good thing!!!
Yesterday, I just signed papers to accept a sellers offer of $36900 on a 2Bed/1Bath assessed at $58,000.
Already have the pre-approval, don't foresee any issues with inspections, and should be closed up b...
Justin Goodin
👋16 CRE Terms You Need to Know
16 terms you need to know in commercial real estate:
1. Internal Rate of Return (IRR): A metric used to estimate the annualized return on an investment based on the timing and magnitude of cash flows.
2. Cash-on-Ca...
Paul Nguyen
Should I buy a condo to rent out?
So I plan on getting into the rental business. I noticed the prices of condo units are much lower than the single family homes in the surrounding areas. I am thinking it would be much easier to rent out a condo versus...
Zak Dahl
Putting an offer on a lot rent MHP.
I want to put an offer on a small lot rent only MHP. It is a dirt road with trailers parked in dirt. It could use a ton of upgrades. Each of the residents is paying $600/mo. Great profit but potentially large cost...
Luis Molina
Need help making calculations (Newbie)
Hey everyone I am new wholesaling and have a homeowner who is awaiting an offer for his property. This would be my first offer so you could imagine I am a bit nervous. Here is the breakdown:
Owner asking: $125,000
Pr...
David Sabine
Potential Rental - Specific questions for seller
So I'm getting deeper with this potential rental and numbers are looking OK without specifics yet from the seller so, I'm looking to the BP experts on specific questions I need to ask of the seller. Below is what I've...
Craig Neil
Purchasing a property with a busted CA HOA
I'm looking at a California property that I believe is undervalued 3-4x it's current market value. Stips are cash only. A crook had filled the entire complex with straw buyers and now the HOA is busted. This is the ...
Zakk Surprenant
Advice on condo investing
Hey Everyone!I'm looking for a bit of advice on investing in condos. Specifically, I'm looking to understand what is actually included in HOA fees so I can do a more accurate job when running the numbers. My understan...
Fred Conway
Condo HOA questions to ask
Hey all, long story short, i'm looking to buy my first condo, HOA is $300 a month, the #s make sense but as I've heard, HOA's can make any deal go bad with rules and requests. What questions I should be asking for buy...
Dominic Jacquot
Repairs and capEx for condominiums
Hello,
I'm new to this community, and I have a question regarding the analysis of a condominium property. I'm unsure whether repairs and capital expenditures (CapEx) should be included in the list of expenses or if t...