Devin Borders
To buy or not to buy
Hey everyone! My wife and I are considering a deal and would love some feedback. We just finished our first flip in the Charlotte area on budget, under our holding time and sold it for more than we estimated. All in a...
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 ...