Economic Update
(Monday, August 10, 2020)
The resurgence in coronavirus cases is sidetracking an economic recovery that gained steam in May and early June, slowed in July, and now indicates a rocky path ahead. ...
Hi everyone, this is my first post.I am currently living in Chicago, in the very hot neighborhood of Logan Square.I own a 2BR/1BA condo that can be rented for 2000/month, I am currently living in it but plan on listin...
I am in escrow for a Triplex in Redondo Beach California. We are contingent on the sale of our current property ( Which we have an over ask offer for.) The Triplex needs a new roof (which we have asked for a credit fo...
Ok so I have a lead on a 20 unit complex. All units are 2 bedroom 1 bath units. All unitswill need a complete rehab. All units are vacant.The exterior of the building is in good shape and will need very little work. I...
Hello Everyone,I recently formed a real estate LLC as a 50/50 partnership. We are looking to have credit cards as an option to:1) Fund an entire Flip2) Pay for materials for a FlipQuestions:1) Should we apply for card...
Economic Update
(Monday, July 27, 2020)
This week is a good week for real estate investors (particularly if you have a house for sale). Existing houses sales are up, new home sales are up, inventories are down...
How do we factor in property management expense into cashflow? Obviously we factor in the percentage each month, but how about the bonus they get when they find a new tenant?Hypothetically lets say a property managem...
Divorced situation.
Husband and wife are owners on record.
House on short sale subject to bank approval.
LA is asking contract to say it is contingent on husband signing quit claim feed.
But...
[Note: I initially posted this topic with a poorly worded title - thanks to autocompletion on my phone - here. I am reposting with a new title and have cleaned-up the narrative].
I've been ap...
We all had to start somewhere . . . new investors are thirsty for real estate advice and I think we can get a thread going with some fantastic feedback from many different viewpoints. So . . .
What's Your Top Tip for...