We have one rental property in Michigan with a great tenant paying on time. The property cash flows great. We also have two deals going with a hml, these deals are getting close to closing and becoming a reality. I'm ...
3bd 1 1/2 bath, 1,600 square foot.REO with asking price of $56,000I want to offer $42,000 on the property. It is in a good location and would make a great rental.Rent $750Taxes $65 Insurance $60Repairs 5% = $38Vacanc...
So, I was wondering what everyone thought of this deal? 120,000 for a 2 family unit making 1675 (raising to market rent) . Would that be a good deal? To me that is 15% COC, and its 50% number is 347 after Mortgage.
I have the opportunity to buy 10 properties. Asking $866,000. The total SEV is $1,300,000. Total gross revenue is $103,000/yr. They are all houses except one 6plex. Is it possible to get a zero down commercial loan si...
I have the opportunity to buy 10 properties. Asking $866,000. The total SEV is $1,300,000. Total gross revenue is $103,000/yr. They are all houses except one 6plex. Is it possible to get a zero down commercial loan si...
Hey BP, Need help on structuring a new deal I'm working on but haven't inked yet. It's a SFR 4/3 2 car garage in a nice neighborhood. The seller owes about $150k on it but it comps out about $240k. They are being ...
Hello All, I've been starting to get my research done on syndicating real estate deals. My current understanding is that you cannot send out mailers, unless the individuals have a certain net worth, and have expressed...
I recently came across 3 properties offered by an attorney as an estate sale. Property 1 consist of 2 3br/2ba with a tax value of $74,500 with an asking price of $40,000 each but will do $70,000 for both. The next pro...
BP,
I have funds, credit, realtors and contractors capable to purchase, rehab and sell property in Colorado Springs. It has been rather difficult to acquire distress properties in the springs. Any leads or deals? I w...
There is a house that is up for sale in the neighborhood that I grew up in. It caught my eye because it is For Sale By Owner; which seems to be much more favorable than through a Real Estate company. Am I wrong?Anyway...