Michael Arreola
Seller owes more than accepted offer
I recently retracted an offer I made on a house due to the seller delaying close for an unreasonable amount of time. His reason was actually legit but I felt I needed to move on to something a little more promising...
Atwan Kwan
Wholesaler Taking Too Much Pie....?!?
Do you care how much the wholesaler is taking from the deal?..... When you get a deal, does it make a difference to you how much the wholesaler is making?If so, how do you know how much he took for his cut?
Stephen Masek
Run the Numbers: Two Older vs One Newer
Your ideas on the numbers would be interesting. The comparison is between buying two older $60,000 rust belt houses which rent for $1,000 per month, vs buying one newer sun belt $120,000 house which rents for $1,000 ...
Mitch H.
P-Trap Requirements on Clothes Washer Drain?
I recently had to do some research (read: cutting into the wall) on my clothes washer drain. I found that there is no p-trap, either in the wall or below grade in the crawl space. The washer plumbing drains straight...
Jonathan B.
Flipping advice needed - Having second thoughts (Jacksonville)
Hi Guys,First off, very grateful to have a place to seek support when needed - ThanksHave this property under contract, got it via the MLS with a buyer's agent, who pulled what seems to be good comps-The property is v...
Steve Candor
How are the Numbers on this property?
2 duplexes. 4 apartments. Both for $250k (this is a packaged deal). Owner will help pay for the closing costs.
A.) 800/month, $700/month in one duplex
B.) $825/month $675/month in other duplex.
A.)...
Ashley Whidby
Property Management For
Hi Everyone, My fiancé and I are house hacking our way into Real Estate Investing. We closed on a 4/2 SFH (with FHA financing) last Sept and are preparing to apply for a 2nd FHA loan to get a second property so that w...
Dustin Beam
Too much, too soon? (Experienced advice requested)
Hello beautiful people of BP,So I'm a pretty new investor, purchased 12 units two months ago. They have kept me pretty busy as I try and develop systems and meet people that can keep me from fixing all the little prob...
Roger Doe
Making Bank Happy
What do banks look for? Are there any loan officers/underwriters here that can chime in?
Here is what I know. I believe that loan officers make about 1% on loan amount. So, they are always looking for solid invest...
Michael Spindler
Can somebody please explain how a turn key works?
Still in the initial stages of reading/soaking up information on real estate investing. What exactly is a turn key? Do you recommend them as a beginner?