Keith Faulkner
How do I know that I’m getting a great deal
I’m looking at houses and prices but don’t know if I’m getting a great deal I’m looking at what other houses in the neighborhood cost but just don’t want to put my hard earned money in to something that not going to w...
Matt Cupp
Fair Private Money Terms
Purchase price is $83,400. Rehab is $8,600Total investment is $91,000.ARV is $115,000 - $120,000Would clear $111,000 - $116,000Profit between $20,000 - $25,000Turn time should be 90 days closed. I have 50% and borrowi...
Robert Burns
What Should I Offer?
I'm working on a wholesaling deal and trying to determine a good offer.
Overview:
- Multiunit property (1) 2 br/1ba house (3) garage apts
- All leased for 1 year total rent/mo = $2650
- Owner pays utilities = $700...
Joshua Towry
beginner rental question
Hello all!
So me and my girlfriend are doing our studying up on the world of real estate.. we own a property in the west suburbs of chicago, and are looking into moving and renting the home we are currently in.. we...
John Stoller
Should I purchase this duplex and live in half?
I currently live in a duplex which is now for sale. I am interested in buying it, but I cannot make up my mind. Any advice would be appreciated. Pertinent information is below:The Property:The duplex is listed at $400...
Albert Gutierrez
Rental Property too good to be true?
I found a property in Texas (Duplex with an extra unit so a Triplex) that has rental incomes of $2375/month, recently renovated (like 2 years ago) and it costs around $150k, am I missing something? putting 20% which i...
Jon Ostojic
How are utilities billed in a small apartment building?
I'm considering doing 1031s out of a few SFH on the west coast and purchasing some small apartment buildings. In researching different markets I find deals like this:http://www.loopnet.com/Listing/5175-Warrensville-Ce...
Dilman R.
Utilities Included in Rent During House Hack
Hello BP,I am having trouble deciding including utilities as a flat fee in the rent. I know utilities fluctuate based on usage, the season and the market (I'm in Connecticut) but since I'm house hacking, and only one ...
Abigail Hansen
What are the additional costs of purchasing a property?
I'm saving up to buy my first investment property within the next year. I'm sure the costs of buying and owning a home can add up quickly. I want to be prepared when it comes to closing time. What fees/additional ex...
Sam R.
Verification of income and expenses
What kind of paperwork does your lender request in order to verify the income and expenses of a commercial residential property? Leases? Utility bills? Tax returns of the seller?