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Good Morning!My name is Manny, and I'm very green to this whole Real Estate thing. I'm currently in the 2nd phase of Real Estate school before I get my real estate licence and I'm looking for any heads up on Real Esta...
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On a ground up development deal - are construction costs split pro rata between the LP and GP?If LP put in 90% of the equity, do they contribute 90% of the construction costs?Is it the GPs responsibility to obtain the...
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I am beginning to wholesale in my area and I am unsure on something I thought about concerning the assignment of a contract. Here's an example I was thinking about:1. Wholesaler finds property with an ARV of $140k2. E...
Supper excited to announce, that I just closed on my first piece of investment property. Two Bedroom, Two Baths, Detached One Car Garage, all for 9K. I think its a pretty good deal. Ready to Rent and looking for my next!
The two most used flip formulas I've seen for max possible purchase price are ARV*0.70-Repair Costs and ARV-Repair Costs-Quiet Costs (Including Closing Costs, Commissions, Holding Costs, etc)-Minimum Profit. From my ...
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As discussed in my "How to sub divide vacant land? steps and suggestions" forum post, I have recently been placed in the situation where I have to buy a small parcel of land to the rear of a rental property of mine (a...
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What are some shifts in marketing and what type of deals/clients are you anticipating?? I'm a Realtor here in the Bay Area and am starting to prepare now.What are some strategies you're going to start implementing to ...
I just finished my first remodel on a doublewide with the ugliest green laminate counters. I used epoxy and a little tint and spray paint and turned it into faux marble. I did it over a weekend and it cost about 300...
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Good evening everyone. I just purchased a duplex, and one of the HWH is in a separate room off the back of the building. The room is probably about 30-40 sq ft. There is a heater duct in the room, but nothing else.The...
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I've been reading quite a few of the past discussions about lease amendments but thought I would post our specific situation to see what your opinions are. We are new to the rental business. We had our tenants sign ou...