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Have real estate investment deal in Wilmington, NC that I would like some advise on. The current owner purchased the property at $225-$227k back in 2006. The property is currently been appraised at $203k. Initially sh...
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Two things: 1. I finally got my first wholesale deal done! It was a joint venture (with some Local Active Investors:Key) and I got 20% of the spread for me and my business partner! Whoo hoo! My kids helped me find it ...
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I've noticed as I'm trying to analys deals that I'm see properties purchased at closer to 80% or if its a 70% of ARV there doesn't seem to be any room for rehab or holding cost. Should I be working from a higher start...
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I've worked in construction since I was in high school so I would like to tackle most of this myself, just maybe not the gutting. But I've always been the laborer and therefore mostly oblivious to the costs. So I'm lo...
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Tenants of 3 years purchased a home of their own in March and decided to stay in rental through lease period so they could renovate. Requests for extensions soon followed, and I approved (in writing) the first request...
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Duplex: C areaLP: $104,9992 x 2/1 w/ month to month tenants 10+ years both sidesRent: $650/eachTaxes: $1140/yrInsurance $860/yrUnits have own meters for water and electricRoof 12 yrs oldA/C 1: 8 yrs old, A/C 2: 2 yrs ...
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I live in NC, have one house that I rent, my (now former PM) had to evict the tenant which has cost me over $3k in repairs and 3 months lost rent, so far. Anyway, a neighbor just called to tell me that the tenant tha...
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I've moved in with my partner & am considering whether to rent my condo out, which is just a few miles away. Because the condo is so close I think it would be fairly easy to deal with. Here are some numbers:$119...
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For example, I set aside a specific amount for each rental. Each year it comes out to about 7,500 in reserves to cover vacancy, maintenance, for each of a small handful of rentals (let's say 3). It's really rare I hav...
Hello Bigger Pockets world. I’ve been obsessing over the podcasts and books over the past several months and finally made the leap. We are planning to rent out our current home ( Bentonville ) here in the next month o...