Matt C.
Utilities
I just purchased a single family rental property in western Houston, specifically in the Katy/Cinco Ranch area. I've got renters lined up to move in for July 1, but I have a question about utilities.Are there any util...
Olivia Piper
Tax implications of roof replacement due to hail damage
I'm trying to figure out how I should report the roof replacement in one of my rental homes due to hail damage on Schedule E. The rental home was purchased in May 2017 and the previous roof had half of its usage life ...
AJ Wong
The inconvenient truth about Buyer's Broker Commissions and what to expect next..
Don't look now but another seismic shift is coming to a real estate market near you.As you might have heard, there have been several recent class action law suits and even Department of Justice guidance that could cha...
Mariah Jeffery
How much to pay for 4-unit REO
I just viewed a 4-unit REO property that will come on the market tomorrow. It's in good shape structurally except for frozen pipes, which is a pretty big deal. Cosmetically, it needs a lot of work. I estimated $22K wo...
Tyler Proffet
Potential first deal?
Hey all! First time posting to the forums... hoping to get some feedback on a potential first deal...A bit of background about us first (me and the wife), being's this is the 'new member' section and all ;)We're both ...
Jack Srimani
Need help in analysis
Hi
I have seen a two unit house in a decent neighbourhood. The first floor has three bedroom and two bath while the upper unit has one bed room and one bath. The owners are selling this property and were in this one ...
Richard W.
Offering at Owners Loan Payoff Amount
Im looking to purchase a SFH as a rental and told the listing agent I would offer 51k for a house that was listed for 60k. Early in our conversation I asked what the sellers loan payoff amount was and got a vague ans...
Douglas Larson
I made $185,00.00 this week on two sales!
While this statement is technically true, there is much more to the story than the headline.First, both sales represent a bit of a let down as I actually thought my net from these two deals would be closer to $250K. S...
Todd Willhoite
Closing costs and BRRR
I have a property I bought a year ago for $50,000, rehabed $15,000, now worth $100,000, current loan balance about $50,000. In theory I can refinance and pull $75,000 out doing BRRR strategy. Applied for conventiona...
Natasha Wilkinson
Help with leads!
If this has already been discussed, please direct me to the forum :-) because I couldn't find it on my own.
So I am finally to the point where I am looking for motivated sellers. I have came across some forums where ...