Hi Everyone, I need some help! I have closed on 2 properties both with seller financing for a 30 year mortgage at 7% interest. But the loan balloons in 2 years meaning that I would have to have the loan paid off in 2 ...
Hello, I am preparing to purchase my first property to BRRRR. I will be using a hard money loan to purchase and rehab the property. What is the process of acquiring a hard money loan? Do I need to already have a prope...
The two most used flip formulas I've seen for max possible purchase price are ARV*0.70-Repair Costs and ARV-Repair Costs-Quiet Costs (Including Closing Costs, Commissions, Holding Costs, etc)-Minimum Profit. From my ...
Hello all, I am a newbie and about to close on a couple of properties here within the next month. Had a question in regards to how much tax money should I be putting aside each month from my monthly net income. Any fe...
So in my area the homes are more high end than starter homes. I'm wondering if you guys are making the jump to induction cooktops or sticking with tried and true gas cooktops. A high quality gas cooktop makes a statem...
Hello, I am a newbie and excited to learn from all of you. I am looking for buildings that allow short term rentals in South Florida, and preferably in Fort Lauderdale. Which buildings (e.g., name/address) would you r...
Hello, I'm looking to meet up with someone from the bay area, to be precise, San Mateo or San Francisco, to talk about real estate. I own a home in California, my primary home, and I would like to prepare my home for ...
Hello there,Good morning! Hope you are all doing well in such a rainy Seattle Thursday!I am looking for reliable handyman for a property management company that I am starting. Most properties will be in King county. P...
Any suggestion on the best way to look up historical comp value of a home?
Background…
1) fahter-in-law sold a home recently. Need to pay the capital gains tax.
2) Trying to look up the historical value of the hom...
What Is ROI in Real Estate?
First and foremost, we would like to focus on the definition of ROI in investing.
Return on investment (ROI) is a type of financial metric—a formula—which acts as a helpful tool for inves...