Eric Robert
1031 Rules with Duplex in Los Angeles
Im looking into selling my duplex and using the 1031 Exchange to purchase a property that brings in greater cash flow. DetailsMortgage - $350,000Appraisal - $550,000With this information I could roll the $200,000 "pro...
Panela Leung
Looking for FHA approved contractor in Kansas City
Hello BP!I am currently looking for an FHA approved contractor in Kansas City. Can you recommend someone?
Glenn Espinosa
Weird floorplan HELP
What would you do to this floorplan in order to make it a 3/1.5 or better yet a 3/2?
The house is going for 28k and would need 35k to fix up in order to sell in the 110k range. Keeping it a 2 bedroom would net an ARV...
Matt Beans
Does the assignment of contract state the total price the end cash buyer pays?
I have noticed the on the S and P agreement with the seller and the wholesaler (me) states the price the seller will be paid for their property, as well as a earnest money deposit. However, the assignment agreement...
Daniel Sisto
Master 1 investment vehicle to begin OR learn several ways???
Goodmorning BP!Should you focus on 1 investment vehicle (such as flipping or wholesaling or leasing or holding) and try and master that one specific vehicle or should you learn how to do all of the above so you can ap...
Kim Kelly
Would you Consider buying a Foreclosure as your First investment property?
Hi BP Family,
A quick thank you to some of the seasoned REI’s actively posting that strive to help us newcomers understand and use the forum the best way possible! To my fellow Newbies – Don’t Give Up! It’s ok to fe...
Umer M. Chaudhry
Dynamic Bank Account for collecting rent
Hello Guys,Ideally, I want to set up one account with the tenants, however; be able to control which bank and account # that money ends up going to.Reason: I am dealing with multiple banks for loans, HELOCs etc. I u...
Jordan Solomon
Determining my profit?
Hi. One thing I'm still confused about how to come up with my own profit amount. I always hear, of course, that you take 70% of the ARV and then subtract repair costs and then your profit amount, but how do I come u...
Muinda Gueston
Owner and Renter insured simultaneously?
In Md the state requires renters to provide rental insurance. I'm looking to purchase a MF home in VA in Jan and wondering if it's customary to require renters to obtain insurance as well. Is it overkill or even legal...
Karen K.
Contacting Deceased Owners Children
I found a property near me that looked abandoned and upon researching it, I found out that the owner has passed away (1 year ago). He is still listed as the owner of the property on an online county search. I search...