David Ounanian
How do I conduct due diligence on a property before making a purchase?
Conducting due diligence on a property before making a purchase is crucial to ensure you're making an informed decision. A well experienced real estate agent can help you through this important process. Here's a compr...
Nobuko Morgan
Contractor Draw Schedule
I am hiring a contractor for my first rehab and flip project and I already have the scope of work on a typical contractor invoice.My question is, do I need to have something drawn up in a draw schedule format before w...
Scott Graham
Cap Ex? What % of rent?
Hi BP!In the process of acquiring my first 4 family property. I am wondering what percent of the rent do you set aside for Cap Ex? Is 10% a reasonable amount?Scott
Sarah Jones
appraisal proccess
i bought a house in dec... and i did 15k in renovation.. i did not use licensed contractors.. they are too expensive i used my family members to do it.. i am trying to get it refinance and appraised at 100k more
1. w...
Account Closed
How much would you put in a VA Repo?
Hello,
I've recently put in an offer for a VA Repo that's $14k above the asking price give or take using a VA loan. It was priced at $61k taking final offers today and I put in $75k competing with around 10 p...
Mitchell Kane
Neighbor fixing his house up to sell
Hi all,My neighbor is fixing up his house, and I over heard he was preparing to sell (aka its not yet on the market). Over the past two weeks he has installed a new roof, new exterior paint, and has been working non ...
John Blythe
Profit, numbers, and guidlines for the first flip
hey all.did a BRRRR last year and learned _a tonnnnn_.still wanting to do BRRRR as our general strategy, but have come across a potential flip. wanted to see what some of your rules of thumb are concerning profit, mar...
Raj Vajir
Initial property viewing guides
Would someone be able to assist in answering what things I should look for when going to view a property for the first time. What are some of the clues to knowing issues with potential future problems. Major things ...
Mario Hernandez
getting started
Beginner looking to start flipping residential houses. How do i find the right hard money lenders and contractors in my area? Pasco county, Florida. Any tips or advice would be greatly appreciated.
Mike Dorneman
Purchasing a “winterized” foreclosure
Just went under contact on my 3rd deal. This happens to be a bank owned property with no running water or electrical. I’ve scheduled my inspector to do his normal routine and I’ve also hired a plumber to do a pressure...