I just got off the phone with a gentleman selling two duplexes in my target buy area. He asserted that the prices asked were a "solid 8.5% cap," but a quick glance at the numbers reveal that all of the soft costs -...
Hi folks. I'm just trying to get a supremely Ball Park rehab figure for the City of Buffalo for a Rehabbed Duplex.It's actually in really good shape, so no real demo. Needs new roof, 3 piers replaced for the Additio...
Greetings! My wife and I have 2 Single Family Homes in an LLC with another couple. We've had it for 9 going on 10 years now and have taken an owner draw one time in the history of the company (maybe 2 times) for les...
Hi everyone! I'm just starting out and hoping to get some advice. I love the idea of house hacking and since I'm a freelancer (with lots of tools!) doing the property management should fit into my schedule fine. My in...
I am in the 11th hour leading up to clear to close. My bank just sent me an email telling me that the underwriter wants me to sign and date something that says I will not use this property as an investment property. ...
I am a new landlord of a 6 unit building in Philadelphia. What are some ways to grow in real estate aside from reducing expenses and increasing rents (e.g., buy other properties)? I prefer the monthly income over the...
My wife and I are expecting a second child. The house we are in now (in Texas) is not going to be big enough. We owe $60k on the house with plans to sell for $135k. Additionally, we own a rental property in New Hampsh...
Total Newbie Question ...Is "this" Selling Real Estate without a License? .... An investor giving a borrower (in pre-foreclosure) advice and strategies to sell his/her house .... and then splitting the profits with th...
Hello,
I purchased a foreclosure property at tax sale in Michigan in July of 2012 for $88.5K, and put $80K into the renovation with cash borrowed from family members. After the renovation was finished in January I we...
Is it possible to structure a deal where the seller contributes toward the down payment? For example, rental property purchase price is $30,000. Lender requires 20% down. Assuming the property appraises for $30,000...