Thomas Lee Malpass
Subject -To Calculations
I need some help calculating a potential Subject-to deal. Here is the info I have so far... Sellers Loan Amount $500,000 They are currently asking $799,000 as the purchase price. The property is a multifamily Quadplex...
Carol W.
How I increased the value of my rental by $255k in 6 months
Hi fellow members,I closed on a 4-plex six months ago, with three units occupied and one unit vacant. Rented out the vacant unit at market price ($2700) on the weekend after closing. I also submitted application for...
Timothy G.
Rental rules about excessive cooking with oils and grease
I have looked at many properties where the tenants cook with oils and grease. I have passed many of these properties up because of the smell, the cost of cleaning walls and cabinetry and the damage that has occurred ...
Mike Rodack
First Time Flip - Trial By Fire Gut Rehab
We're considering attempting a flip of a REO with fire damage. Water damage too since the roof is open and has been for sometime. We assume a complete gut of the 2nd floor, the attic/3rd and full roof replacement.We a...
Keith Saunders
Good deal or bad deal?
Hey all,
I'm new to rei so I need some advice. Looking at a house in PA, owner is free and clear on the home. Been vacant for 4+ years, no utilities on and he started renovations. Tore out some of the walls, the kitc...
Luc Boiron
Deal diary - Finding hidden value - with pics - Brampton, Ontario
Warning - long post!My market is frothy - everyone seems to be a real estate investor, everyone wants to flip, and deals are very hard to come by, particularly on the MLS.On this page I'm going to try to work through ...
Allison Ezzi
Construction Loan Structure??
Hey there BP!I need some advice on how construction loans "typically" work.I am working with a private lender on a construction note., now this is not a typically loan that this individual provides, but he is willing ...
Shawn Adderly
Converting Basement unit to legal third unit
I recently bought a multi-family property in Chicago. I am looking to have the basement be made into a legal third unit. I would like to have the basement redone to have a separate heating system from the 1st floor un...
Jimmy Thomas
Detroit, Mi REI Rehab Cost- How Much Per Square Foot?
Good Day All,My Partner and I are looking to begin investing in the Metro Detroit Are for buy and holds on single and multi-family properties. 2 Questions:1) Can anyone recommend solid general contractors that they ha...
Jay B.
Anyone have experience with vinyl plank flooring?
Anyone have experience with vinyl plank flooring in a rental?
The stuff I am referring to can be seen here:
TrafficMaster Allure 6 in. x 36 in. Cherry Resilient Vinyl-Plank Flooring
Thanks