Lisa T.
"The Rules" of Investment Property
Clarity please! When calculating a potential deal, is the "Rule of Thumb" 70% or 75% (i.e. ARV x 70% - Rehab = Max Offer)? Also, any recommendations for estimating rehab cost (i.e. ARV x 10% + $10k = Rehab Budget)? I'...
Carrie A.
Keeping track of accounting crap
Quickbooks and I DO NOT get along.... Any other software out there more user friendly?
Mike V.
Open house led to an actual buyer!!
I closed on my latest flip today and the buyer found it by none other than the often bemoaned open house. I know the percentages are low and most open houses are held to generate new leads for the agent showing the h...
Account Closed
Hard Money Info
This is my first time considering hard money- made some calls today, and I'm wondering:
Is it ok to give your hard money lender the address for the home you're looking at buying before you have it tied up?
Seems l...
Lisa Roehrl
I have a zillion questions.......
I have a lot of questions as I begin my journey into real estate investing. Hoping this will be a source for asking questions and supporting each other.
I feel like I am standing on the edge of a cliff and if I st...
Danny Colacicco
When your deal is that good....
I was just curious how others would approach this situation...
We put a deal under contract this weekend and when we sent the listing out to investors yesterday evening. By this morning we already have 10 in...
Account Closed
Conventional limited documentation loan program
I know many buyers who are looking for a conventional limited documentation loan and are having difficulties finding one. In this day and age these types of loans with respect to conventional institutions are very sca...
Alex Ramirez
Seeking Guidance about a full rehab
Hi BP friends. I need your help. I have a lead that I think has really good potential. It consist of a 5,000 sq/ft building. Half of that are 4 apartments and the other half is office/retail space. The building was bu...
Cherisse B.
Dealing with Squatters for Prospective Purchase
I'd like to make an offer on a property that appears to have an issue with squatters. I've never dealt with this before. Is it worth the hassle? If anyone's had to deal with this before, how did you handle it? Are the...
Felicia Hamilton
My first apartment bldg - 20-30 units
I’m ready to take the next step, but am unsure how to go about it. I have several rental properties that are doing well. But I want an apt bldg... maybe 30 units? I have good credit, a good W2 income, available cas...