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For a novice investor/wholesaler, I am curious to fully understand the concept of the 70% ARV rule. I think I know the jist of it which is being able to buy a property at a discount, or cents on a dollar. But..how do ...
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Hi
I found a building that was converted from a senior living facility into a band-practice facility. The rooms have been soundproofed and are rented to bands to practice and store their gear. It's in a city known to ...
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Generating Leads:
First, things first: (1) there are opportunities available on the market, (2) you do not need to become best friends with a real estate agent BUT you do need to have your stuff together; before you ...
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Sent out my first ever letters to pre-foreclosures on Tuesday. I’ve received a call back already today. (I’m purchasing homes for flips, not wholesaling, but open to that option if its there). Bank will not work with ...
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I bought a bank owned house in Washington state. After purchase I figured that the square feet in Mls ( and based on this I did my price calculation too), is 100 sqft less than county website. Can there be any genuine...
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Not sure if everyone saw this but Reuters had a big article yesterday on short sales.
http://www.reuters.com/article/bondsNews/idUSN3046464720091130
Some highlights:
1. Subordinate lien holders have a cap of $3...
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Welcome to our question of the week! We want to help you build your team so you can be efficient. Today we are talking about agents. What is the most important factor for you when choosing an agent? What are your deal...
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Hello All!I am a new investor looking to flip my first home, of which I am very excited/nervous about but ready to get going!I met an agent awhile back who has become a friend and is very knowledgable as far as workin...
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I am under contract to buy a C-class 12-plex in Tucson, Arizona for 680k (roughly 57k a piece all 2 bed/1 bath). Rents are currently $500 at the moment but market rent is about $725. I pay water and garbage. Here is t...
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Hi all,I was curious on everybody's perspective whether buying or selling single family rentals use a Cap Rate valuation, or a more traditional $/sqft with comps. On on hand it seems $/sqft makes sense, but if it's s...