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Hi, I’m trying to start a discussion on where flippers or rehabbers are able to get deals at 70% ARV consistently in their markets. What strategies are being utilized to attain higher margins ?
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14 unit complex in Albuquerque near 4th and Candelaria For the past two years we have had only one full month of occupancy. Anywhere from 1 to 4 vacant consistently. Management company says the pool of renters in the...
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Hi, I work with a property management company at one of my buildings (a 7 unit) at 9% of rents. One of the units was destroyed by a tenant and need about $7,000 of rehab. The property manager offered to do rehab in ex...
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Hey everyone, back again already! Has anybody ever had a home appraise for below the tax assessment amount? Typically there's a pretty big discrepancy, but it's typically one that goes in the opposite direction (tax a...
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Hi BP, has anyone had experience(preferably in Ga) with properties where owner was in Bankruptcy? I had a wholesale lead, and the owner wanted to sell the house, and has recently been discharged from Chapter 7. Of cou...
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Hey BP Fam., I need some advice on how to go about this potential wholesaling deal. The seller wants $89,000, she owes about $70,000 because she owes a loan on the home. She already has a tenant living in there. It ne...
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I'm talking with an agent who's selling the portfolio of a client who's getting into apartment complexes. The houses he's selling, I asked about viewing them, and he said we couldn't do showings because they're all te...
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My tenant will be moving out soon. I was wondering what things wear and tear does not cover? For example, do you typically charge for:
1) rug cleaning
2) dings on the walls
How do you figure how much to charge? A...
Hello, i recently purchased a duplex, i'm living in the bottom floor and have tenants above. for multiple reasons, i would like to kick them out asap, and either find new tenants or just leave it vacant or merge it wi...
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Hey Guys! Im well on my way to my first deal in this adventure! I need help strategizing creative financing options to secure this property. Here are the details : Home for sale by owner, owners are ready to retire an...