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I understand the math to the 70% rule in house flipping. (Conservative Market value after repairs X.70 - repairs). What I don't understand is where this 30% magically disappears to. I know that there will be closing c...
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I need help with the following deal from a smaller turnkey provider in Memphis, TN 38117. It looks good to me, but I'd like to know if the numbers look good for local Memphis investors/realtors. Deal Details:Sale + R...
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I am having a little trouble with calculating the maintenance/capex expenses. It is also hard to find comps for this type of property in this area. I would be putting 20% down with a 3 year ARM amortized over 20 years...
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Add this to the stories of nightmare tenants...My tenant was late on rent payments month after month. She ends up writing two bad checks in July, and not paying at all in August, then blocking my phone number. I evi...
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so this is my first property. It's now under contract and we have just gone through the comprehensive inspection which found signs of foundation movement. The signs were vertical cracks around the brick veneer on the ...
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Hello All,
Hope you are doing well. My house in houston had roof damage due to hail and strom damage. I have already identify the roofer and he helped me with the whole process of getting claim approved. I am replaci...
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Hi everyone, I was talking with an investor friend the other day and he asked me a question I didn't have an answer for. He asked "So if I were to invest 100k in a multifamily deal, how much would I make total over a ...
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Welcome to the new Question of the Week! It looks like estimating rehab is a big hurdle, so let’s get talking!
Make sure to vote in our poll and mention your location and average in our post. If you can give ballpark...
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https://www.toledoblade.com/local/city/2020/06/26/kapszukiewicz-administration-delays-lead-safe-housing-enforcement-citing-coronavirus/stories/20200626079The latest and greatest on the Toledo Lead Ordinance. The 2019 ...
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Hello everybody,
I'm working on a 2 bedroom 1 bath 1945 built Texas house , when I bought it I had the intention of changing the layout since it’s in my opinion has a very big design issue with a lot of wasted li...