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auction property/how to get title info on my own
Hi! I am new, and am more familiar with rehabbing, and would like to purchase a property up for auction next week. However, the owner, whom we already spoke with, says that she owes about $40k more than the info I hav...
Heather C.
How can banks drop price so much?
I just looked on Zillow at a foreclosed house that we are considering (http://www.zillow.com/homedetails/1712-Loberg-Ln-Jonesboro-AR-72401/76106778_zpid/) and I'm just baffled how the bank can drop the price from ...
Jeff Lubeski
Where to Start in Multi-Family Investing
I have a few SFH rentals currently and have been investing for a couple of years. I would like to move to larger multi-family units (20+ units). I am lacking in the knowledge to invest in these larger size housing u...
J. Johnson
What to expect with wholesaling
Hello, after reading and doing more research, I just want to ask about the aspects of being a wholeseller full time. Can this strategy sustain you until you have a solid business plan? Can you replace your job with th...
Tom Dewit
foreign investor looking to invest in SFR in Atlanta, GA or Charlotte, NC
The kind of property and price tag that I am looking for, including
repairs and renovation would be rehabbed SFR's of under 70.000$, built after 1995, in A, B or B- areas. No C- or D areas.
Considering the rule-of-th...
Ty Wesley
My First Home
How's it going BP members ?
I'm trying to estimate what my monthly mortgage payment would be if I put 10k down on a 55k condo. Property taxes are about 1500 a year and the HOA fee is 150 per month. About how much wo...
Aaron Smart
Friend Soon to be Foreclosed on
I have a friend who has lived in his house since August 2008 without making a single payment. I know he will be foreclosed on at the beginning of next year. This house will need significant rehab. Is there any steps ...
Corey Dutton
5 Great iPad Apps for Realtors
The iPad seems to have been made just for the real estate professional. And now with a plethora of apps for real estate, the iPad is a must have for just about any realtor. Here are a list of 5 apps that two successfu...
Jeff Fairchild
Crazy (but maybe not) idea to buy at 85% of asking
Since I'm a new investor, I'm obviously trying to figure out as many ways as possible to not lose deals. One crazy idea that I came up with is:
Arv 210000
Asking 200000
Use option - purchase price 170000 (85%)
...
Brian Stein
A property good for rehab but not for rent?
So I basically have seen two basic formulas on these message boards to determine whether or not a property is a good buy.
For rehabbing: (ARV * 70%) - repairs = Max Purchase Price
For Renting: Rent * 50 = Max Purch...