Andy M.
I HATE condo's as rentals! Here's why...
I know, I know, "hate" is a pretty strong word, but it's true, I hate condo's as rentals. I reluctantly bought a REO condo 3 1/2 years ago and had it as a rental up until last week when I sold it and I couldn't have b...
Christopher Blanco
Best Course of Action to Cut Back Scope
I ran an initial estimate on a property, when I showed it to my contractor, before he went out to the property he thought the dollar amount and the scope looked good. After words, he came back with a bid that was abou...
Jack Srimani
Need expert advise on this figure
Hi,
I am looking at a four unit property which was built in 1926. The owner furnished the following:
Sell price 130,000
Rent- 23640
Operating Expense- 11315 - (Gas 3852, electric - 4260 Tax and Insurance 3200)
Net ...
Upgrade Costello
In which warm city should I buy a winter home duplex?
I am an investor, I have 7 properties free and clear, and I have bought foreclosures and bank REO's.I want to buy a winter home that is a duplex in a warm city where I can get a foreclosed duplex in a B or C class nei...
Alex Alanis
2flat and SFH on same deed
Hello, this is my 1st post, so please bear with me. I live in the West Chicago suburbs. I have been interested in buying and keeping rental properties for many years, I ended up buying my 1st house when I was 22. Now ...
Jay Dee
IS THIS A SLAM DUNK?! BRRR OR FLIP? HELP!
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...
N/A N/A
How to get properties from the bank
I've been reading on here for some time now, planning, watching and saving. Here are some questions I've come up with based on reading here and there.
Once you've located a property and searched public records to ...
Jay Hinrichs
yellow letters and direct mail solicitations
As an active investor in 11 states I get yellow letters and all sorts of solicitations every week. From those that wholesale and want to add me to the buyers list ( as they can see I pay cash) To do you want to sell y...
Kyle Wifler
Rental Timing
BP Experts,My wife and I bought a duplex and we're going to occupy one side and rent the other. The timing is going to be a little difficult to fill the empty side. Here's the situation; we close 8/19, the occupant on...
Meghan McCallum
Lead Paint Certified Contractors
Tonight at our investor meeting we heard an ignored tale. One of that of the Federal and local regulations on rehabs have been around for 15 years and NO ONE has been applying them EXCEPT for the new trendy group that...