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Listening to @Brandon Turner's webinar on BRRRR, and his first example looks like this:Buy house for $70,000Rehab: $30,000Closing costs: $2,500Total cost: $102,500Appraised after rehab for $141,000Refinance: 80% ($112...
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I’ve finished my first flip in October in Richmond CA. A single family, 3 beds, 2 baths, huge yard. The house turned out great after renovations. It’s listed at $650k based on comps. It didn’t sell in 40 days tho...
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I have been reading about the 2% rule but seriously questioning its accuracy. I got a great deal on a house in a desirable area of Austin for $297k. The rental we are getting is high ($2500) for the area. However, acc...
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Hey Y'all, I had a question on mind. So i found a home, its listed above $400,000 Duplex in the Sunny side Place area, if you are from houston you know gentrification is happening around this are. The home has been on...
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Hi BP community,I would like to have your advice about one of my tenants.I rented a property to a lady, her daughter and granddaughter in Nov. They signed a two year lease. Four months later, she claimed her relative ...
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Do you tell your buyers your assignment fee before closing? I have friends who have been asked by potential buyers what their assignment fee will be even before they sign any contract. I really do not feel you shoul...
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I bought two turnkey rental duplex units in Indianapolis last year that came with a one year rent guarantee. The rent protection was thru AON and was paid for by the advertiser that markets turn key homes.
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My business partner and I are closing a 4-family rehab property tomorrow in Central Connecticut. I will be using this thread to post what we go through on a daily basis. As soon as I can I will get some before pictu...