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We’re buying a coastal property and made the mistake of not getting references for an agent in that area. The one we ended up with is incompetent. Skipping past other issues to the about to be deal-breaker: We’re past...
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Not sure how to proceed —2 adult tenants. No children . newly moved in and tested for lead on peeling paint on side of painted bathtub. Positive. From what I’ve read, I am required to remediate this if a child under 6...
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Restaurant & Hookah place on the works to putting under contract. I have a list of potential buyers but they want to know the liquids, cash flow and a run down of numbers. I’ve never done it before so looking for ...
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I've been reading on the 50% rule for calculating viability on a potential rental income property:
Gross monthly rent
-(minus)50% for operating expenses
______________________________(equals)
NOI(Net Operating Inco...
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I have been working with a real estate agent on a potential flip property. She contacted me today saying the listing agent said that the potential buyer would have to buy the property with cash or conventional financi...
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My wife and I just finished our first flip. We put the house on the market about a month ago and have had almost zero traffic (two showings). Empirically, I know this means it's overpriced, despite an initial listing ...
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What's up guys,I just finished building a permitted ADU (accessory dwelling unit) on my sfh. Converted my garage into a 488 sq ft 1cbed 1 bath apartment. final cost with permits was about 37k. I built most of it with ...
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Hello Guys
I am a new member to this forum and new to real estate too. I have a question about the flip projects.
Is that possible (or common) to sign a turnkey agreement with a contractor for the flip? So that they...
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Overview of the numbers: Purchase Price (Cash Sale) $31,500.00 Closing Costs $2,019.02 Rehab $29,800.00 Mold Remediation $1,950.00 Furniture Cost $1,200.00 ...
I am 22 and just purchased my first rental property, a $390k Duplex right out of Philadelphia in Montgomery County. It will also be my primary residence for the next year or more. The seller purchased the property as...