Felipe Ocampo
New to 1031 Exchange
I am currently selling a rental property(just signed the offer) that I have had for about 6 years and just realized that the capital gains will probably be pretty steep so I may want to do a 1031 exchange. I originall...
Jack Phillips
Need help with mortgages, liens, etc
So I have a hypothetical situation:
Lets say a properties ARV is $550k,
Repairs are $75k,
And Wholesale Fee is $10k.
Using the mao formula:
$550,000*80%-Repairs-Wholesale Fee = MAO of $355k
When I am making my...
Tim Browne
Pre-Forclosure NEGOTIATIONS
Hi,
I new to the home buying scene. Me and my new wife are planning on buying a home in our area to live in, not so much to flip and resell immediatly. Heres my deal. After looking up some pre-foreclosed homes via ya...
Brady Tome
Multi-Family Deal Analyzer
Hello all,I am currently searching for my first multi-family investment property. I've been using the basic Google mortgage calculator, but I want to know if there are any other tools I can use to get a more detailed ...
ANDRE SMITH
Newbie to wholesaling , first deal under contract need help.
I have my first deal under contract .It is a 3 bedroom , 2.5 bathroom 2300 SQFT It is a rental and it has a current tenant who is on a month to moth lease. The property doesn't need any repairs just basic refurbishin...
James Syed
3% Rule Possibilty
Hi BP, I have noticed a lot of discussion on 2% rule here at BP. I am wondering if it's possible to get even 3%. Is there anyone getting 3%? I am curious to see if it's achievable. To be more precise, we are not talk...
Joe Garbarczyk
Need advice on lease option deal
Hi everyone I'm looking for some advice on a deal that isn't a great fit to wholesale, but I'm thinking it could be a good fit for a lease option. Looking for some advice and some help on if this is a good candidate f...
Alex Locklear
What's the Better Choice?
I have a motivated seller who is looking to relocate; wants to sell her place for 75K --no repairs are needed and it's move in ready and the value is right at $111K.
Should I try to wholesale this to an investor or ...
Garret Coffman
Help Analyze Deal Pittsburgh PA Greenfield Area
Hello,
First time posting here looking to buy my first deal soon.https://www.zillow.com/homedetails/525-Farnsworth-St-Pittsburgh-PA-15207/11544694_zpid/ <--- Not planning on buying just verifying I get this.
I'm ...
Josh Wood
How much too offer for REO/Post foreclosure bank owned home?
How low do you go when making an offer to a bank on a REO Property? I am looking to flip a property in West Michigan. However, in my opinion, the bank is asking way too much for a property in which they own. They are ...