If you can't see the inside of a foreclosed property, how do you estimate the cost of rehab and ARV?Cheers,Andrew
Hi all. I tried to search what I was looking for through the forums, so my apologies in advance if this has been brought up too many times recently. I’m searching for tips, tricks, and pointers to using a private lend...
such a difficult market for a rookie investor trying to get ones feet wet very competitive in most states where should one target for cashflow and slow appreciation to start all advice welcomed.
What are some of your ideas or strategies in place (outside of 6-12 months of reserves on hand) that you have for your long term properties for when the market/economy crashes?
Hello BP!I got a call from a seller yesterday that I mailed a yellow letter to. The owner sounds VERY MOTIVATED to sell. The house is currently being rented out. It’s also a house that was converted into a 3 unit a...
Hello BP, My question is, as a beginner wholesaler how will others such as the seller and title company view my credibility. I'm more concerned with the title company or attorney, I do not think sellers care too much....
Hi all! I'm a new investor in Rochester, NY. I've been mostly lurking on BP for about a month and I've chatted with a few local folks, but I thought it was time to finish my profile and introduce myself. I love thi...
Hi Everyone, I'm looking at a short sale right now. It was originally priced at $180K but now it's going for $200K. The broker ran a comps, with two properties being sold for $255K, one sold at $285K, and one listed f...
45k purchase price. 3br 1 bath SFH. 10k down. 35k borrowed. 10 yrs at 5%. Monthly princ and interest payments of 375. Taxes and insurance 100 a month. 475 total piti. 675 rent. 200 cash flow.
So, I have been doing my homework, and now I am getting ready to do final negotiations with the wholesaler. I know what he purchased it for, and he is only asking for about $4k, which is fair I think. Once we strike a...