Howard Yang
Advice on reviewing Phase 2 report
I'm assessing a commercial property (occupied by a major automotive service tenant) and the seller has completed a Phase1, Phase2, and a Phase2 supplemental report as part of the seller due diligence package. The fina...
Chris T.
Please analyze this deal
I want to buy at 70% of ARV with hard money and wholesale it.
REO Property
ARV is $107,000
Purchase Price is $65,000
$15,000 in repairs
ARV - re...
Fay Chen
Story of a Trying Newbie -- My 1st Purchase
Hello, everyone. I'm a new real estate investor. I would like to share the story of my first home. It's not a success story, rather a learning experience. Since I'm not good at writing, I organized the story in the ea...
Ryan Boren
Is it smart to invest in Illinois, specifically Cook County?
Hey BP,
I currently live in the south suburbs of Chicago near Crete, IL and own a SFR in Steger, IL on the Will County side. My taxes are not horrible approximately $3,500 a year on a 1100 sq ft 3 bed two bath.
I u...
Evan Kummer
First Deal
Hello,I am currently in the midst of the first real estate deal. I have a property that the current assessed value is 168,000, and they are asking 144,000. I want to wholesale this deal by offering 135k and assigning ...
Jack Brethauer
SC property tax strategy for out of state investor
Hi folks - South Carolina (Greenville, Spartanburg, Columbia, etc) looks like a great market for buy-and-hold rentals but the property taxes are prohibitive for out of state investors. By my research about 6% of as...
Theresa Zihlman
What's good offer that's not offensive?
I am wanting to get started in real estate for rental purposes and have a potential house purchase available to me. Without all the extra details, it's assessed at $135,000 but the owner says to make an offer, that we...
Chris Wenchell
What Time of Year is Best to Refi Your House?
I am looking to refi my personal residence in Colorado. Is there a best time of year to do this? Navy Federal tells me end of October and early November is best for great deals. Does it make sense to refi if a potenti...
Ben Bakhshi
Question about property taxes for distressed properties.
I am trying to estimate property taxes on a potential buy that was an REO in 2009 (sold for $50,000 at auction).
8 bedroom duplex asking $85,000 in Atlanta Georgia.
Redfin shows:
Tax (City & County): $2,250
Tax ...
Matt Pieper
Buying land, previous auto salvage with EPA concerns
Im looking at buying an industrial lot that was previously an auto salvage yard. It is currently a mixed use industrial site. Bank owned. The seller (bank) has contracted a company to complete an environmental asse...