Krishna Surendra
Seeking Guidance: Prospective Purchase of Multifamily Property in St. Louis
Hi,
I am currently exploring the potential purchase of a 12-unit apartment complex located in St. Louis. The property consists of ten 1-bedroom, 1-bathroom units, and two 2-bedroom, 1-bathroom units. Before proceedin...
Grant Bartel
New duplex needs work. DIY guidance?
We're finalizing the acquisition of our first duplex and just had our inspection. I'm not a handyman by any stretch but there are few things on that list that I'd like to tackle. Example: replacing the bathroom vanity...
Stephen E Drew
Big Lead for Possible Deal
Hello everyone. I met my neighbors today and they are a couple that have been doing renovations across the street. I'm always on the look out and I struck up conversation. I asked them if they are flipping the house, ...
Nancy Zhao
California flippers, what are your profit margins?
Just curious to see if my numbers are better or worse than the average. I'll start, on my last 3 flips it was 9%/5 months, 17%/3 months, 16%/4 months. This is on total project cost with no financing, before tax.
Pyrrha Rivers
Questions about offering on a short sale
Have never offered on short sales but have questions before I try.Is the listing price on a short sale the least the bank will accept?Does Approved short sale mean that the bank has approved the asking price?Does Pre-...
Jeremy Fenceroy
MF Disaster Recovery
Investment Info:
Large multi-family (5+ units) buy & hold investment in Phoenix.
Purchase price: $762,500
Cash invested: $236,500
14-unit of 1BR & Studios that I purchased after another inves...
Brad Fitzpatrick
Creative Purchase/Financing Help!!
I'm trying to buy a bank owned property that is probably 50% finished and needs a lot of work done. Any creative ideas on how to finance this? I was thinking about how I could get the bank to agree on a purchase pri...
Fahima Hilal
Investment Fraud Alert !
It took a good amount of ego-bashing to actually own up my husband and I have been conned. We held to our belief(hope) that we were not, and in fact,the person was honest and would pay us back eventually. That is ...
Miguel Romero
How do i get the amount that the bank foreclosed on.
So the foreclosed home was listed and the asking price is $97k. How do i find out how much is actually owed on the house (the foreclosed amount) so i can make a better offer and know im getting a good deal.
Josh Justiniano
When calculating IRR...
When calculating IRR should I account for equity accrual? Or do I only account for initial cash outflow and cash flows without principle pay down and appreciation?