David Maggard
Miami, FL - How to get the property under contract ?
I'm looking at a four plex that is Listed For Sale at a price of $645,000. There are three comparables in proximity that have sold for $650k in the past 6 to 12 months. The subject is vacant and by the appearance of t...
Miles Stanley
Using hard money on 1st rental (BRRRR) deal
Is this recommended? My thought is that if i understand what I'm getting into and I'm sure i can pay off the HML with a refi, sale, etc i should be set...unless the wisdom of the forums can show me otherwise!I'm cert...
Justin R.
FNMA Loans and Code Enforcement Liens
Alright, I need some expert input from those of you who work with Fannie and Freddie underwriting guidelines for a living.What are the rules for originating a loan on a property that has a code compliance lien on it? ...
Adam Demchik
House had mold..was cleaned with bleach and primed with Kilz...is this good enough?
Looking to purchase a rehab and the seller has already remediated a mold issue by using bleach and painting everything with Kilz. I am pretty sure this is not the correct method. The house had mold in the attic a...
Justin Escajeda
Cannot Complete a MOBILE Home Park Deal
In the last year, I have been avidly trying to buy a mobile home park, I have had 2 (out of the maybe 40 that Ive spoke with owners) that were making progress. One, the seller and I came to an agreement on price, and...
Rick Beringer
Questions for First-time Home buyer looking @ 203k/Homestyle rehab Property
Hey everyone, Recently signed up for this site and have been impressed by the wealth of knowledge I've found here. I'm currently looking at a property in northern Maryland. It is a real "fixer-upper" (I will know th...
Ian Smith
What to Offer
I talked with a seller earlier today. He has a house in Renton, WA that is currently being rented out (lease goes for two more years). He wasn't sure about the value. He mentioned that zillow had it at $333k and tax a...
Nic S.
Where/what should I invest $250K in?
I currently own 8 units in the KCMO metro area. I'll be doing a 1031 exchange on a duplex leaving me about $250K cash to invest in a like-kind property. My realtor is on the lookout for a MF building. What else and wh...
Phu Le
Is this a smart dumb idea or dumb smart idea?
Hi guys,
So to get it out of the way - I have zero experience in real estate and have no money. To circumvent this I have an idea. It comprises of a few steps.
Step 1: I will have you sign an Exclusivity Agreement w...
Cody Hunter
State Requirements for Flipping
Hi All,
I am curious as to each state laws for flipping/rehabbing as a business. Let's see if we can cross off each states requirement's. Thank you for contributing.
I'll share Oregon's point of view: If you are pu...