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I just received 2 bills from my property manager in Memphis. $575 to trap squirrels (they caught 4) and $500 to "fix a fan. Fan was on low speed. Moved the wires to run on high. AC is now working as it should".
I don...
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For those experienced and successful wholesalers out there, where can I draw up a purchase contract for the seller and an assignment contract for the end buyer from? Do I go to a title company/Attorney who's familiar...
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Hey BP members! Tomorrow I'm closing on my 4th property since joining BP.
This one was tremendously difficult to close and has taken nearly 6 months to close.
This property was a bank foreclosure. My first offer...
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So far on doors 1-5 its been mostly cosmetic rehabs (paint, light fixtures, appliances, sinks, counters, cabinets, flooring) without significant structural changes. Decided to do a single family to triplex conversion ...
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I'm really interested in starting out in real estate investing. I've been listening to a couple of the podcast, and started reading the ultimate beginners guide. I have absolutely no cash. The 2 niches that sou...
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I've searched around a little and couldn't find an answer, so I figured I'd master my fear of looking dumb and just ask.So I'm driving around a neighborhood I like and I see a house with a sign, "For Sale By Owner," a...
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I am using the method from the Rich Dad Poor Dad book the ABC's of real estate investing, for figuring out offer prices. The equations are pretty simple: Income= income-vacancy. NOI=income-expenses.Cap rate = NOI / co...
I know one of the strategies I hear frequently on the BP podcasts is to purchase a single family home investment property, fix it up to increase the value and then refinance - taking profits to use as a down payment t...
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Good day BP Nation.So some of you might remember a whole back I asked for your help to chose between a HELOC and Refi. Based on my time line to sell the property @Chris Mason suggested a HELOC. Unfortunately my lender...
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Hello everyone,
So I found the one, the property I have been looking for. It's a 4 unit multifamily. This would be my first real estate investment, worth $450,000. Quite expensive for my first investment and I am bit...