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Hi, say you have a single family that you force value on. When you go to refinance after renovating and forcing value, If the property can still cash flow, do you take out more money than needed to pay off the purchas...
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Lets say I bought a house for 200k with 20% down so 40K into the property and a year later I decided to refinance to get better rates for more cash flow but the property went up to 250k would I now have to put up an a...
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We bought an older duplex as a buy & hold. The attic has space has a stairway & room for about a 12x12 bedroom. I would guess I could get an extra $100/month rent by converting it. My contractor originally tol...
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For Mortgages, including Primary Residence and Rentals, Do you choose 10, 15, 20, or 30 year terms and why? We tend to go fewer years, with the mind to pay down principal faster and so far all are buy and hold, with ...
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Hi everyone, I am a newbie in house flipping. I am wondering if I can have 3-4 contractors to go to the properties at the same time to see and give me an estimate or quote or I should schedule with them one on one. I ...
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What percentage of your real estate profits should you be putting back into your marketing? I was told by someone 20% but I wanted to check with a few other investors to see if this was a right number or not.
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Hi everyone!
Just put an offer on an older home
It doesn't seem to have gone through any restorations but I have a budget that I will not pass if If my offer is accepted.
I wanted to know your stories on your hist...
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Hi Every Just a quick question does anyone set-up their renters on a one year lease where they pay weekly instead of monthly. I'm looking at a property where they have done this and they told me they make more that w...
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Hi,
As most of is are pretty aware;
1. Im not seeing anying go for under asking price or even asking price (unless the place has burned to the ground & the ask is just for land.
2. How does one determine which ...
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I recently signed a contract to have some work done on my buildings. I paid 50% upon signing the contract. Before even starting the job, the contractor is saying he talked to his engineer and the job is going to cos...