Chris Allen
Possible deal for fix and flip/Max bid at auction?
I am looking to bid at an auction for a potential fix and flip. This is going to be my first deal. After looking at the numbers and making this post my instincts say bid lower (35k) and be prepared to be out bit. A...
Brian Finoro
New build as a rental - pros and cons
Hey fellow BP'ers, I've been reading the forums for a while now but this is my first post. I'm just getting started in real estate investing in the Cambridge/KW/Guelph area area and I want to know how you guys feel ab...
Gentry Redmond
Good equity but no cash flow
What are your feelings toward properties with good instant equity but poor cash flow? Recently I found a foreclosed single-family property tax assessed for 183k on the market for 149k. I submitted an offer at 144k and...
Brandon Brador
New Jersey Duplex Owner Fininancing Help!!!
Hi All,I am relatively new to really estate investing. I just bought my first property in NJ - a 3bd 2bath condo so I am able to move out of my parents house and be on my own. However, my parents live in a duplex wher...
Eric Upchurch
House paid off, want to take out cash to invest - help?
Thinking about taking $250k out of a house I just inherited (with two siblings) in the SF Bay Area to invest in RE. Can anyone tell me what strategy I should/could use? HELOC? Cash out refinance? Other?Any issues I sh...
Ori Skloot
Can the second wife sell?
Hey Folks,Anyone able to help with this scenario?Property is bought by a man with a wife and children.His wife dies.He later remarries and then he dies without a will (while still married to his second wife).There has...
Michael Camden
Mechanics Lien ? - Missed Completion Date
Hi All,
We're currently flipping a property in Texas and are at the end of the process. Our Contract with the contractor called for a specific completion date, and we agreed on a cost per day reduction in the contrac...
Account Closed
question about Probate deal
Hi everyone,I negotiated a deal with the executor but the probate case hasn't closed yet. The executor told me they would like to sell the house before the case closes. Is this possible and are there any risks associa...
John Dersoe
How much to keep aside for capital gains tax?
I'm selling in NY. 2fam, I lived in one unit and rented the other. My acct says when I bought the house for 560k 14 years ago, and sell it for 825k, it will be split into two sales.. and on the investment unit is what...
Jeff M.
Can anyone recommend a financial advisor?
Hello Colleagues: I am looking for a financial advisor who knows small scale SFR real estate and other retirement and investment tools for a diversified portfolio. I want someone certified who charges by the hour w...