Edward Heavrin
Paying off a rental aggressively. Pros & Cons?
I've got 5 units (Duplex & Triplex) that I've owned for 4-5 years now. currently cash flowing $1500 total.
Since I'm really busy with my job, I've been strongly considering paying off each one aggressively, whic...
Account Closed
Dug Myself Into a Hole
Houston, TX. I decided to jump in and buy a house and now I feel like I have backed myself into a corner. I bought a single family house with a detached apartment for $250,000. I'm living in the apartment and renting ...
Kevin S.
What to do with $1,000,000.00?
I wonder what do someone approaching retirement do with $1,000,000.00? Buy a single property with cash and have about $65,000/yr in cash flow or use it for DP on a $4,000,000.00 property? Would the cash flow be the ...
Jake Larson
Central AC and Heat vs window units
What's up BP family?!?!? Currently looking at a deal in Houston Texas and am working on an ARV for this property. I'm seeking a little advice, I know how to determine ARV but am a little confused on how to comp out a ...
Patrick Britton
Estimate of repairs for southside Chicago
I am wondering if anyone has a handle on what the price per square foot for repairs should be assumed for fixers in southside of Chicago.
Tony Marcelle
What should I do with this house?
I got a call back from a motivated seller after he responded to my direct mail. I am looking for vacant houses to wholesale. The seller's house is currently being rented, which I did not know prior to seeing the house...
Steve B.
Advice on Northern VA Condo
Hello All. I'd appreciate anyone's thoughts on what to do next with a condo in Falls Church VA. We lived in the unit for a little over 2 years and moved out last September. Starting in October 2017 we started rent...
Nikhil P.
Underwriting deals in declining markets
Any investors out there knowingly investing in markets in general decline? My hometown is effectively a rust belt city. Population is exactly the same as it was when I was born and median income has stayed relatively...
Jordan Powell
Buying townhomes from multiple owners?
I was curious if anybody has tried or had success putting together a package deal to buy both/all connected townhomes where the units have different owners.
How did you approach the different owners?
Ar...
David Holland
Analyze this deal in Baltimore
I found a 3/1 2,200sqft row house in Baltimore, MD for $75,000. Here are the numbers:
Price: $75,000
Repairs: $2,000
ARV $97,000
Section 8 rent: $1598
Taxes: $2,200 yearly
Insura...