Hello All, happy new year! I hope 2017 is off to a good start for you! We visited with a seller today who called in response to a letter we sent. To make a long story short the seller is elderly, has been in the home ...

What are the pros and cons to selling my first rehab?

So we purchased a place for $25,000 and put $25,000 into it. We currently owe people and a bank $50,000 on this house that appraised for $120k. The end goal is fo...

Is a 5% return on investment a good deal?PropertyPurchase 91,500Rehab   20,000ARV 140,000The arv is in the median range for this area so I priced the offer at an ARV of aprox 130,00The home sold in 2006 for 150,00 cou...

I have a seller willing to do 0% down for 12 months. Payments per month are still TBD, we are discussing potentially 3k/pm for 12 months.
Purchase Price: 825,000.00
ARV: 1,050,000.00 - 1,150,000.00
ARV x 0.75 = 825...

Greetings,I am in discussion with a potential buyer on a condo I want to sell. The buyer wants to borrow more than the sale price, and would therefore be doing “seller concessions” at the closing table. eg, if house i...

Hi all,

I am a New Jersey realtor and recently approached a contractor I know personally to see if they had an interest in partnering for some house flips. I have an LLC I would like to utilize for the purchase of ...

I finally received my first contract to wholesale! I noticed that there is no insulation in the exterior walls and since the drywall mostly needs replaced anyway, I was wondering what to estimate for that budget? I am...

I just got a 26 Unit property under contract with and 8% cap rate and an upside potential to create a 11cap, there is also the opportunity to put another similar building on this parcel. I am looking for advice on how...

Hey BP peeps -

I own a 3-flat in Chicago. Live in one apartment, rent out the other two. I've had a lot of work done to this 100 year old building during the 7 years that I've owned it including work to fix gas rel...

Hi everyone, I’m a newbie; trying to work on my first property with a buy & hold strategy, looking for a 3 unit multi-family, I’ve been doing my homework on FHA loans. I already have a preapproval from The Federal...