Ok, for wholesale deals I was taught to use the formula Arv x .5 minus my fee (5k min) and minus repairs = Max allowable offer I can make on a property. Right? Ok. I go into Propstream pro and I find a property. - The...
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Houston investors... I currently own 4 SFRs in the Houston area. I was very lucky and walked away with minimal damage following Harvey. But I'm wondering whether this should be a wake-up call to get flood insurance ...
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Using this new build as an example: https://www.redfin.com/IL/Chic... . It's two units and they're asking $1.4m. The top unit is a 1800sq ft. 3/2 simplex. Bottom unit is a 3500sq ft. 4/3 duplex down. Sold as vacant la...
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Hey guys. I just bought my first house, moved in last month. A couple of weeks ago, we had a very wet weekend and I noticed water stains in the baseboards of my finished basement. No French drains, no sump pumps. I’m ...
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Hello guys,So I was wondering if any of you can share any templates or rules of thumb you have when deciding if a property is worth the investment. For example, I recently purchased a 5-plex (3-1 bed and 2-Bach) in Lo...
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I see that Cleveland and Cincinnati are hot markets in Ohio where all turnkey companies invest.What about Columbus? Anyone who has experience with Columbus market and whether it's a good market for investment or not.....
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Hello Everyone. I want to first start off with saying I am brand new here and new to investing. I did do a search for "Due on Sale Clause" and yielded 86 pages, so to be upfront, I really didn't want to read thro...
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Private money, non-bank lenders, also called hard money lenders have always lent money without the need of a mortgage licensing. But the financial reform following the real estate meltdown, namely the Dodd Frank Act, ...
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I have done some calculating and with my curcumstances. I should be able to have $30,000 of hard cash. I can possibly finance for more but would rather have two other investors to go in on this deal with me with equal...
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Hi, I am a newbie and this is my first potential deal that I am in. I randomly found a house on realtor.com, sent a request for more info in and a realtor called me, showed me a property in "B" neighborhood; i.e. ni...