Ruzanna Queenan
Do real estate investors need a financial plan?
Hey successful investors - If you have a robust property portfolio do you still need a financial plan? Or as long as you have cash coming in you're all set?What are your reasons for having or not having a plan? Apart ...
Jason Garrison
Renovation Order
Does anyone have any tips on renovation order? I'm remodeling my basement. It will soon be turned into a duplex to rent. The sheetrock and mudding is finished. I have concrete floors I'm going to clean and stain r...
Eric F.
“Small” items which turned out to be a much bigger pain
I am sure everyone has had this problem once or twice (or 100 or 200 times). We look at a rehab and see a couple of things we believe will be simple to fix but turn out to take 10x more time than anticipated and cost ...
Michael O.
First Time Investor Looking for Advice
I am looking for advice on a potential first time investment property. I am located in the Los Angeles, CA area.
The property that I am looking at is a duplex (zoned for three units - third unit could be built in the...
Ross K.
Critique my Rehab SOW
First, sorry for the long post! I have my first rehab project under contract and having just finished up the @JScott books on this topic, I've used his strategy as a starting point. I've built the below SOW and ...
John Chapman
Are there actually properties that you would not buy at any price?
I've been doing some direct marketing to small apartment buildings and have come across one or two where when I look at the expenses and rent (based on what I perceive to be reasonable assumptions), I would not offer...
Damon J.
Financing 5 unit MFH - what are my options?
My understanding is that a 5 unit property will not qualify for convetional financing (FNMA only for 1-4 units).
What options do I have then if I have good credit, can put down a good & and only have three proper...
Matt D.
How much is it worth….?
12 unit apartment complex that will gross $9,000 month in rent, after expenses nets about $7,000 per month. Fully renovated, Low property tax area, low insurance area. No mortgage on it. High rental demand due to l...
Steven Barr
How is a single family home portfolio valued for cash out refi?
Trying to wrap my hands around this theory….Let’s say I buy a home in the Midwest - a duplex for 75k. I rent each side out for $800/mo.Now let’s say I do that 10 more times. I have 10 duplexes that I bought for $75k e...
Josh Mills
Creative Ways To Purchase a Distressed Property
Hi all!
Looking for creative ways to buy a pre-foreclosed property, the situation is below.
The owner owes in the 400's on a property that is zoned 2 fam but they converted back to a 1 fam. Listing talks about t...