Naseera Mohamed
3rd deal done
Happy to share with BP that my 3rd deal is done for an REO 2-family house in Jersey City. The good thing is the whole house has been renovated except for the basement . Cost -270K Rehab for basement estimate -$15000 ...
P.J. Reilly
Newbie to real estate
Hey everyone, I'm brand new to real estate. I recently purchased eight vacant land properties in Colorado and I'm looking to sell them asap. I'm looking at my competition (same size, area, etc) and offering my lots a...
Account Closed
Wholesaling out of state
Hey everyone!I'm gathering as much information as I can about wholesaling right now, and something I was very curious about is out of state wholesaling. I went to a rich dad seminar weeks ago, and they mentioned out o...
Amy H.
Richmond Virginia Recommendations
I am about to close on another BRRRR property and am looking for a few contractor recommendations. I have my usual go to people but some are way busy this month and/or out of town and I might have to wait longer than ...
Jon Angle
Should I show up for the holdover court appearance?
The condo association for my condo sent a notice for me to terminate my lease. I obliged, but my tenant chose not to leave. My property management company has handled everything for me so far. They have lawyers goi...
Account Closed
Loan servicing company or Note servicing escrow company
Hello,I have recently bought a property subject to existing financing in Illinois.I am planning to sell this house on owner financing. The monthly payments from the buyer needs to cover the monthly payments of the loa...
Jehanzeb Beg
Lease expiration - Chicago tenant
Tenant lease is expiring on may 31st. It’s family with husband/wife and a brother in law. They split rent. I wanted to ask them if they want to continue to stay month to month or leave at the end of lease term. The te...
Joseph Ruiz
Income approach vs comp approach for a sale price and buy price
Hello bigger pocket family. I am needing some advice and a good rule of thumb for Appraised values. On a duplex rental property. Comp approach vs Income approach. How close in relation are these numbers? I have a disc...
Ryan Kephart
Taxes on Flip Project
Hello,
I just bought a property for 160k in 2022, spent roughly 40k on it, and sold it for roughly 210k in 2023.
I'm confident I will be able to figure out how to write off the 40k on my 2022 tax return. I think I ...
Mesa Mao
Buying Turn key rental.
Hello all, has any of you guys purchased your rental from a Turn Key operator? Who did you use? How was the experience? And i assuming they are all cash flowing right? Thank you.