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In the latest podcast as a rule of thumb it was stated that the monthly rent should be equal to 2% of the purchase price in order to ensure the property will cash flow. I'm not sure this works, especially in my area (...
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Found a person who has a house worth $200k, he has 50% equity and is behind $20k in taxes. Shortly they will take his home and I know for a fact he won’t be able to pay any taxes anymore.How can I structure a deal whe...
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Hello BP,
I have been thinking about financing some more deals and I have several friends willing to give me money to invest. I was interested if there any law that restrict the amount of money an individual can inve...
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Hello. I am in California and plan to purchase at the trustee sale. There is equity in the property by about $70,000. County records show a child support judgement recorded in 1997. I called the county that has th...
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Hey everyone!
I'm currently looking at an out of state multi-family package that includes 3 triplexes and 1 duplex for a total of 11 units. The asking price is $327.6K for the entire package with a "little wiggle ro...
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I have been trying to purchase a property that has been stuck in foreclosure limbo for a couple of years. The owners are deceased, the children didn't want anything to do with it and the bank holding the note wasn't t...
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Good day,I'm looking for a SFH, up to 100,000$, easy to rent and high ROI. The problem is, what I find at these prices is either in a problematic area or with a high property tax that eats up the profit. Any suggestio...
I am a new landlord with my first application. I use an online service that does background checks and credit checks with a fee. Two people applied, 24 hours apart. I like both applicants.Applicant #2 has double the m...
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So I've finally gotten off the pot so to speak and after years of reading on real estate but investing in the stock market, I've acquired my first rental. Here's the deets with a couple of questions at the bottom:Pur...
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Hey Community I am just starting my wholesaling business and its proven to me so far that it could actually work out for me. I am just having a little trouble understanding this (i know you can mess up but there are c...