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I have been browsing for awhile and reading. About to jump on my first home as an owner/occupant. The property is currently fully rented. I'm eligible to use a TX VA loan which has a current rate of 3.5%, Zero Down...
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These are the details I have...
SP. $269,000 (probably get it for 250k)
9 Units 4 x 1 bed and 5 x 2 bed
100% occupancy (maintained for 12 months)
Scheduled Gross Income 62,100
Effective Gross Income 55,027
The que...
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Everyone is always talking about the pros and cons your realtor's license, but what about those of getting your General Contractor License (GC)? Especially those who make a living off of flipping and / or building hou...
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Hi everyone!
I started a company in Brooklyn, NY in order to do wholesale deals on residential properties. After speaking to various lawyers, I was told that sellers will expect me to put anywhere from 5-10% down on...
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Very green and very new to the game. I have a neighbor who is moving quickly to Texas from PHX. He wants to get rid of house pretty quick they are just coming back on weekends. Here is scenario and looking for advice ...
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I’m 26 and want to start investing in real estate to ultimately flip houses and also rent out for residual income. Is there anything I should know before I start and is it a way to do it with minimal out of pocket cos...
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Hi All, Flipping is a new area for me, one in which I am trying to do my home work in a serious way. Based on books I've read, I've been able to identify a number of calculation to consider when reviewing a property a...
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Life is too short to not have a little fun!
Me (don't worry I'll keep it short and sweet!):
Glassblowing (well, actually flameworking), here I use a propane / oxygen / compressed air mix and a German torch to heat u...
im thinking of investing in another city but it will cost me 100$ everyday to go there with a car, so, do you think its worth it?
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Anyone have any suggestions on how to estimate upcoming capex costs for bank owned properties, or properties where the seller doesn't know how old the roof is? (or other items where there's no sticker saying when an i...