Darren Nichols
Cost to check out a property
So I am just wondering what the average cost is for a General Contractor is to come and evaluate a property that I am attempting to get under contract? I am sure it may vary based on the property and time spent. I ...
Jessie Harrison
First rental property in small town 3.5 hours away
I have my first rental property under contract, which is a SFH and a duplex (one floor of the duplex is completely gutted). However, the property is 3.5 hours away from my city of Houston in a small town of northeast...
Peter Schuyler
Using Maintenance Reserves to Crowdfunding
Im curious if anyone else had tried this:
At the beginning of a lease, say I would reserve $250 a month into a checking account to build up for Capex and or small repairs. I actually use 10% of the gross rents whate...
Lois Stern
Is there an "order" to purchasing first property?
I have a real estate agent [my son], I have a relationship with someone knowledgeable in construction who is willing [for a fee] to come out and give do pre-purchase inspections, I have a few places to consider [more ...
Shawn York
Shawn from Denver - Longmont
Hi! I'm new to the board but not new to renting. I've been renting a small house in Denver for over 10 years. I fell into the property and renting quite by accident. The house was left to me, mortgaged to the hilt and...
Danilo Dias
Was I smart to walk away?
Hello,
I just won a bid on a HUD Home.
Winning bid: $150K
Closing costs: $3.3K
Estimated in repairs: $50K (with margin)
Potential rent: $1,850
Potential resale price: $220K-$240K (at $230K, I'd make $211K after ...
Justin Johnson
First Property, Advice Needed
Hello,It has been a few months since I've been on the BP forums. I have spent that time saving everything that I could, I met and exceeded my savings goal by 2 months! Now, I am just starting to physically look at ...
Sarah Carlson
First potential deal - help!
Expertise needed! I have a connection with an REO listing agent and just received the price to a property from the bank pre-MLS so I have first dibs to send in an offer that I need to submit tomorrow morning. I'm not ...
Travoris Love
What Do You Want from Your Property Managers
Hello again BP family, I have finally found a need in business that I believe I can fill. Property Management! Based on what I hear from landlords, tenants, and even from my personal experiences with 90% of prope...
Jessica G.
Please evaluate this DFW possibility
Hello,
Asking: $135K
ARV: $185K
EDIT: Reviewing comps, might be closer to $200K.
DOM: 30
Seller has several active offers he/she is considering. At least one contract has been can...