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Hi all,Quick background: I have a house that I am currently renting out. I still have a mortage on it. My mortgage/ins/taxes is $1200 but I am renting it out $1900 a month, so I am making a little cashflow.I plan on g...
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Hi,Although I have several rental properties, this is the first time I will sell one of them in US. I'm selling a Condo in Florida to invest that capital in Houston. The plan is to set this up as a 1031 Exchange. I'm ...
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About 2 years ago I drove by this horribly ugly blue house that I could barely see from the road. I had been reading BP posts about driving for dollars and finding the seller to buy it. After an hour of google searchi...
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It's been a little while since I posted on BP. That said hey guys! Last time I was on here I was asking questions about a wholesale deal that literally fell into my lap, at the time I thought I had a "Qualified" Cash ...
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My parents are in the process of selling two properties (single family) and they will close next week. They bought under their own names together. They have identified the replacement property (a 5-unit multifamily bu...
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Thanks to @Zach Shepard , @Kyle B. , @Sean Jones, @Kevin Lochen and other BP members for attending our South Chicago BP Meetup. Below is the picture.
It was a small group but it's not a bad sta...
Hey guys,I'm thinking about purchasing a property.Numbers:Selling price: $158,700Rehab: $56,200ARV: $320,000According to comps and 3 realtors, the house should sell for $320,000. BUT there's a big major black mold pro...
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Hey guys
I was wondering.. how would you calculate if a property is worth going after? What numbers do you run against the price of the home.. Does it depend on how much they owe against the property or how much the ...
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Thoughts on this purchase, have I missed anything? This would be my first multifamily and going through due diligence.Needs new appliances, paint throughout, carpet and some new flooring. Would need to do RUBS for ut...
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Hello guys,
There is this house in my neighborhood that has not pay their property taxes since 2014, so I’m assuming she hasn’t pay her mortgage payments as well. I have drove by her house a few days now and notice...