Dan Greggs
My First Investment in a flip
A friend of mine is a general contractor, who decided to flip houses. I decided to become an investor to help with some of the rehab costs and he agreed to mentor me through the whole process. I put up 20k and will ...
Caroline Clark
capital gains on converting a two family to two condos and selling one
Hi all,
I have a two family which I am looking to convert to a two family and sell off one unit. The house has doubled in value since I bought it and I would likely sell one condo for a few hundred thousand more tha...
Mike Collier
Working On My First Fix-n-Flip!!
I needed a cash infusion into my REI business so I began looking for a Fix-n-Flip opportunity. I found a wonderful 4/2 foreclosure with a private pool in Orlando that needed quite a bit of TLC. When I first walked in...
Patrick Philip
How to sell and buy at same time?
I currently own a SFH. I want to move. So I need to buy something new at the same time I sell this one.How do I accomplish this? I don't have the money to buy a new one until this sells. And I can't sell this one unti...
KJ Smith
How to establish ARV on multifamilies
How do you establish ARV on multifamily properties? What systems are being used? What formulas? A cheat sheet of steps or a system with ABCs would be great. I've got a 6 unit in my sights and need a little guidance on...
Kelly McMahon
Newbie screening tenants, am I doing this right??
Hi everyone,
I have gained a ton of wisdom from this website about renting out our first home and wanted to check in again and introduce myself because I know I will have a lot more questions going forward.
My name ...
Johnny Thompson
Smartest place to keep my money?
Hello, I'm looking for some advice on my situation as a 28 year old. My real estate goal is to buy enough cash flowing rental properties to retire early and I should need about 10-12 to reach this goal. My short term ...
Shawn G Hope
Subject two purchases
I have been thinking about doing subject two purchases. My question is can I offer to take over the existing mortgage and try to work out with the bank to bring the loan current if it is scheduled to be auctioned off ...
Chelsea Wessman
Seller Financing Advice Needed
I'm about as green as it gets and currently running numbers on my first potential deal. He's willing to do seller financing and the triplex is worth about 160-165K. We can only scrape together 5% down currently-henc...
Dan Stewart
Am I expecting to much from my RE agent
Hi guys,
I have been dealing with a real estate agent for a couple of weeks. I have been finding some deals online and when I contact my guy about them, he seems to drag his feet for a couple a days. I feel like I am ...