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Hey guys. Have a new situation that I haven't dealt with before. Located a vacant property and also located the owner. Owner walked away many years ago, declared bankruptcy, but loan owners never completed foreclosure...
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Hi everyone,I'm very new to the world of investment properties and have yet to even do a deal but after listening to Bigger pockets first 20 podcasts I had a question about short sale/pre-foreclosure deals. I'll try ...
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So there are a couple deals in my area that I am currently looking at. I am eligible for an FHA loan and I was wondering if I could use an FHA to purchase a dated house (that would only need cosmetic rehab), rehab the...
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Quick recap of my current/first deal: I am buying a duplex with my contractor/family friend. He brought the deal to me on this occasion, before this he was just inspecting and giving quotes on properties I was analyzi...
I was offered an opportunity to partner with an investor who purchased a single family home and would like to flip:The investor: Real estate agent Purchased home for 230k has put down 20% and financed the rest, as wel...
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I recently set up a self directed IRA through Midatlantic. I was wondering if I use my self directed IRA money to wholesale properties, does that avoid the dreaded dealer status? One of the Midatlantic reps suggeste...
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I would really appreciate any referrals for 203(k) general contractors who operate in Brooklyn area of New York City. Thanks very much in advance!Rich
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So after much reading, I finally decided to take a shot at my first real estate investment; thanks in no small measure to all the wonderful information here at BiggerPockets. So here are the details:Closed 5/11/17 Fin...
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(11 unit complex)Asking Price: $80k 25% down: 20kMonthly rent(s):5k Property tax: $282($3,380, 2015 tax year)Estimated mortgage: $250 (20 year loan)Utilities: $425Vacancy: 10%= $500Repairs: 20%= $1000PM: 10% = $500To...
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Ok. I have a HELOC of $200k I'm having a hard time figuring out how to start and scale. There is only 2 ways I can think of to make it work. 1. Buy property outright and just pay the HELOC off slowly. 2. Is put a down...