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How much is typical price to pay someone to develop land? My uncle has an offer he pays all development fees and then gives the guy who engineers it all 33% gross cut. Is that excessive? he pays the million for all co...
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Cost of labor has gone through the roof, as with materials, property tax, insurance, and even utility cost. In 2023 I was able to grow my top line revenue in my portfolio over 250k. My NET operating income (what actua...
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Can a seller hold 20% of the mortgage as the down payment if the property is not paid off? Could I offer the seller $40k higher than asking price and have that profit go into the deal as the down payment? Keep in mind...
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The last few years I have done several deals, from condo conversions, launching airbnb's, and long term rentals. I also built my network where I have some off-market deals flowing my way. I have 4 on the hook right no...
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First time land-lording, so go easy on me :)
The area my property is in has coin-op laundry in the basements which seems to be common on other similarly rented properties in the area. I would deem the neighborhood a...
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I just purchased my first Investment property in a developing area. It is 9.5 acres that has a carport and a well house on it. My current home owners insurance won't cover it under my home owners insurance due to havi...
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I am purchasing my first house, and had an accepted offer on a property. offered 260k and appraisal came back at 263k. now the owners said originally the house was not in a flood zone anymore. turns out they lied and ...
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I know this varies a lot, but is there a somewhat standard formula to factor certain size properties...6 units typically run X, 8 units typically run Y....etc.?
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Does anyone know how a second mortgage holder comes to know that the borrower is going to be foreclosed on the first mortgage? In the rare circumstance when the borrower is current on his second but has defaulted on ...
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I installed solar few months ago; now looking to house hack large basement. Solar generates aprox $250/mo in credits; some months I generate more than I use, so bill is $0, other months bill varies b/c I use more than...