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I am new to REO investing. My offer was accepted by the bank for a duplex of 2 units. It is valued at $210K by the city tax dept. My offer was 152K. It was listed for 170K. It needs 10K rehab work to make it perfect. ...
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So I'm having an issue figuring out what to do with a property I own. I purchased this 4 bedroom 1 bath home for $8,500. with the remodeling costs I will finish out between 28,000-$30,000 all in. I sold a property ...
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Hey guys,
I am a new investor from Vermont still trying to find my first deal. I am interested in buy and hold investing and found a property that might be a good deal if I can get the seller to drop down the price so...
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Hello, New to REI. In the “gaining knowledge”phase. Focusing on long term buy and hold strategy. How do you, those who have multiple properties, analyze a property? I know that is a broad question. But i mean you have...
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Good Morning BP. Quick Question. I've been purchasing properties for the past year and waiving all the contingencies on the agreement of sale. I hear people leave themselves different caveats in the contract that coul...
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I’ve had one rental for almost 2 years. It’s 2.5 hours from my home. My daughter was managing locally but she moved, now my partner and I are struggling to do it.It’s a 5 bed/3bath house that we rent by the room as me...
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My wife and I purchased a four unit apartment in STL. Purchase price $85000. The market rent in the area is $500, but we knew that we could place value in the apartments by cleaning up, installing electric appliances,...
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Just closed on my first full deal. I have another rental prop on my own land (I unknowingly house hacked by turning a second building on my property into a rental which generates $950/month CF). I have done a flip wi...
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I purchased my first property back in January and I'm getting ready to purchase my 2nd. I live in Seattle so I'm starting out with the turnkey route. All properties have brand new HVAC system, hot water and roof so my...
Hey everyone,
I’m looking for advice on an issue I’m facing with my rental properties. Recently, my property taxes and insurance costs have increased significantly, turning what was once positive cash flow into negat...