Nelson Van
Questions on investing into condos
Hey there you guys...I’m looking into buying my first rental property and I’ve been running numbers in my area and have a few questions to see what you seasoned vets would think. These are strictly questions for buy a...
Ronald Jones
What needs to be considered when contemplating buying a business?
BP, this is not necessarily a REI question, but here it goes. What are some of the things that one should consider before deciding to buy a business? In particular, a friend was approached about buying an existing dr...
No Name
Deals still being done?
With the current economic crisis and slumping housing market are any deals still getting done? Are flippers still flipping? Investors still buying? And if so, what segments? Low income areas, apartments buildings, e...
Dominick Iacovone
Double check on numbers and maybe a kick in the butt needed
First time posting here. So if this is the incorrect section let me know. Quick overview, own a condo bought at $132k in 2015. Paid off condo and built new home, still own the condo. THe condo has appreciated to just ...
Kevin Brian
Fix then Sell or Rent?
We acquired a rehab for about $30,000. Requires about $18,000 repairs. ARV for property is about $85,000. Average rent in area is about $800. Would you sell or use property for rental after repairs? Whats the best rat...
Cindy Wyman
Private Money
My husband, Gary, and I have invested in two properties. The second one is on the mls right now. Both times we used hard money which eats up so much of the profit. Where can we find private lenders with better terms?
Steve Crisp
Out of state property
Father passed away. Mom is relocating to another state and moving out of the family home. Home is in St. Louis and currently has a mortgage loan of $17grand remaining and is worth $42 grand according to Zillow but has...
Steve L.
Do you disclose your price on a wholesale deal?
We rehab and wholesale properties, a couple times I have had my wholesale buyers ask about my contract price. Sometimes I disclose it, but most of the time I would prefer not too, as most of the time I think buyers d...
Alice Green
condos are risky
Condos come with a little bit of more risk and the reason for that is that they are tied to the other properties in the existing neighborhood because when you talk about a condo complex, every single unit is typically...
Jose Falconett
Nailing this down MAO
I have tried looking all over biggerpockets but most people are only looking to find out how much their wholesale profit should be. In my opinion, a wholesalers profit should be determined last in the MAO formula when...