Account Closed
Property Disclosure Debacle
If you want to keep it short, skip to the last paragraph where I ask a question, otherwise read on :)
I put in an offer over a month ago on a house that is in pretty rough shape. Holes in walls, flooring torn...
Tony Hernandez
Income vs Equity
I got a call from a seller. Here are the numbers.ARV: $270kRepairs: Paint & carpet. Year built is 1999 and has new roof and fence.Rental income: $1900 monthly (is average for market)Monthly Expenses: $496 for prop...
Gustavo Delgado
Should I sell or refinance?
I own a property with roughly $140k in equity. I've owned it for 6 years and has been lease out the whole time. My last tenant move out 5/1 and I am undecided on what to do. The property is in good cosmetic shape and ...
Bill S.
Latest Deal
So the market is fairly hot here in Colorado and I've been attempting to wholesale with limited results. About 3 months ago I decided to upsize my goals based on input from my BP mastermind group here. I decided to ke...
Vince M.
REO has room additions without permits
I came across and REO that looks like a good prospect to wholesale but it has 2 room additions that were built without permits. I spoke to the city engineering department and they said they would need to have plans su...
Matt Cupp
Fair Private Money Terms
Purchase price is $83,400. Rehab is $8,600Total investment is $91,000.ARV is $115,000 - $120,000Would clear $111,000 - $116,000Profit between $20,000 - $25,000Turn time should be 90 days closed. I have 50% and borrowi...
Michael Slabitcher
Let me know what you think about these numbers in Fort Worth, Texas.
Purchase Price $101,900.00
Number of Bedrooms 3
Number of Bathrooms 2
Car Storage 2 Car Garage
Estimated Rent Range $925-$1,025
Rent Amount for Calculations $1,025.00
...
Montana M.
Bedbugs Not Disclosed but present and known
keep in mind reading this post that I have learned and pieced things together over 2 months, so this sounds like a "well you should have known he was a shady guy" situation, but it was too late by the time it was clea...
Austin Bright
Investing in Condos - Good strategy for a beginner?
Can anyone speak to whether or not buying a condo as a rental property would be a good investment for a beginner? I don't have a lot of cash, so I am attracted to the price range of condos vs other housing.
Besides H...
Carlos Perez
$0 Land Value possible? What depreciation can I use?
Hi, my first BP question here.Im looking at a property in the property appraiser website of my county and its showing this property as having $0 land value. The property is a 2nd floor apartment and is part of a condo...