Brian Tome
Rent or Flip hypothetical?
An colleague closed on a single family house for $68K. He anticipates $40K in repairs and a rental income of $1400/month. The ARV will be $160K.Based on that limited information, Rent or Flip and why?Go!
Ronald P.
Can anyone explain liens and foreclosures to me?
I was listening to a sample call of an interested seller of a house that had a lien of 124,000 dollars. She was talking about foreclosures and how it was going to be put in auction, but she still owned it??? (I don't ...
Gina Corsi
Investors and flippers
Would investors be more inclined to use an agent that offers high-end photography and staging to sell their investments? How are you locating and electing your Realtor?
Carolina Mejia
HELOC W/ LOW CREDIT
So I am trying to do a HELOC to be able to pull equity from my current investment (only have 1). My credit is low 618 give or take- (I am working on it with credit versio- removing somethings that are bring down my cr...
Juliette V.
Where to get money for renovations?
I've always been nervous to buy a property that might need anything more than some paint and new carpet....So, I see places with potential but shy away because I'm not sure where to get money for renovations?Any ideas...
Michael Kopyscinski
How much to pay an investor? Interest Rate, Percentage, Term?
BP, I am working with several people on gaining capital for my business and I have a few questions in regards to investors. I am researching the site as well to find some information on this topic as well.When an inve...
Account Closed
Question on self representing as a buyer
Hi there,Wondering if the professionals here can give me a clear answer. On several occasions, I’ve asked listing agents if they would be open to a cash buyer who represented themselves which would help save the selle...
Eli M.
A property is too long on a market. Is it good for me?
Dear BP friends,I found a property which I liked but it was on the market for 165days.Why would a good property be on the market for so long? What am I missing?Thank you all in advance
Lesley Resnick
Home Warranty
Has anyone purchased a Home Warranty? I am looking for feedback on this idea. The cost is between $400-600. A quad would cost $1,100 ($275 a unit). Typically, the cost of maintenance is estimated in the 1% of p...
Dan C.
Getting a positive return on your renovations
So I understand that we typically make our profit when we purchase the property. However, we obviously renovate the property to make it more attractive, thus, more potential buyers. I have been researching which ren...