Hello, We are considering purchasing our first rental property. We have researched a variety of properties thus far and have not yet found one to our liking. Family members notified us of a potential deal. From a b...
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Hey everyone, The 70% rule seems absurd. If the contract we have goes through on my current flip I should make $69,000 in profit on a property that came out to an 85% ARV-repairs. What am I missing? Teach me please...
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I'm planning to buy my 2nd property in my name to decrease my down payment (3.5-5%, FHA or Conventional) and plan on house hacking. My question is, would it be better for my roommates to pay me directly or should I st...
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The types of creative financing options I was looking into were a lease option/lease-purchase agreement, loan assumption, wrap-around mortgage, and subject to financing.I guess my question is... Are any of these optio...
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Good morning,Up front: Current tenant may potential be seeking legal action on grounds that I am not making reasonable efforts to rent the property. Details:House is located in Mount Pleasant, South Carolina (SC). ...
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Hello, first time investor here based in Atlanta! I’ve been able to locate a property off market and have been having conversations with the owner for a few weeks. He has agreed to sell me the home, but seems pretty a...
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Hey I'm brand new to the community as of a week ago and working on setting goals for real estate. I realize it's very personal and depends on many factors, however I am a little lost on 'how' to get started. I'm seeki...
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Hello! We have a commercial retail building in the 5 to 6 million range that we're looking to make an LOI on out of state.typically we do not see the property ahead of time before getting in contract, Just online due ...
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Hi all,
I'm scheduled to close in Nov on a 2-family. The inspection revealed some legitimate concerns about the foundation of the house. I was aware some of the stone and brick needed re-pointing when I put in my ...
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I have a question re: consequences for a property management company and parties involved in a fraudulent transaction. What potential penalties would exist for a licensed property manager / firm who engaged in the fol...