Dustin Scobell
My first flip and rent
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $82,000
Cash invested: $10,000
1400/month rental. Took eight months to flip it with my cousin and business partner,...
Lynne Hart
Bargain buy to renovate and hold
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $90,000
Cash invested: $50,000
4 family building purchased in distress in Mount Pleasant neighborhood, previ...
Misty Edens
Lease to own property and owner not paying property taxes
We were leasing to own a property and found out the owner did not pay her property taxes and went into a tax lien sale and was bought, she has a year to take care of that, but then we found out that she had irs taxes ...
Scott Kuhnert
Best way to get equity out of rental house?
I'm looking for thoughts on how, or if, I should get access to the equity in a rental house?Situation: I own a SFR 3/2 in WA that currently rents for 1900/mo. It currently cash flows about $100. There is roughly $70...
Scott France
Downsizing. Need advice?!?
My father owns a SFH free and clear . Its worth around $200k . Between the annual property tax and maintenance/upkeep it’s getting to much for him . He wants to down size to a condo with hoa for lower maintenance and ...
Rohan J.
Anyone ever give back partial rent when a tenant moves out???
I live in CA, and on May 2nd, I gave my tenant (who is currently month-to-month) a 30-day notice to vacate by June 2nd, as I am planning to sell this property.She said that she was in the middle of finals (she's a pro...
Stephen Wiater
Refinancing a Mortgage & (Taking equity out) for next deal
Hi all,I am acquiring more information about refinancing a property, any info on how it works, how long you have to wait (can it be 6 months or like years)?In my situation:I am looking to get a conventional loan 5% do...
Melissa Kirchhoff
Bank wants more than it's worth... Now what?
So... I found the property, and it had another offer that had just come in on it. I thought I could win out, so I went through the hoops to get a personal loan so I'd have the POF (knowing I couldn't win without it) a...
Chris C.
What kind of APR should I expect for preapproval?
Hi. I am trying to analyze my first deal. I’m aiming for $200/month in cash flow. But the loan rates I am getting in pre-approval are about half a point higher than the proforma budgets I am seeing. What APR should I ...
Edward Kanive
Real estate professional status
Does anyone have a good link to how to deduct from w2 income using real estate “losses”. I understand it mostly but I need my wife to more and I can’t get her on board, I’m trying to convince my wife it’d be worth her...