Brian Christoff
Does each person on lease pay and get background & Credit checks?
I hadn't thought of this until asked tonight. Should I require each person that would be signing the lease agreement, to submit for and pay for a background and credit check? I'm assuming so. However. That means, I...
Idan Narotzki
Kansas City, MO - starting out
Hi Everyone,My name is Idan, and I am new to real estate investing. Did my research and decided to invest in Kansas city, MO.My plan is to start out by purchasing SFHs, in a C class (and above) areas with a budget of ...
Apinya Patterson
Will BRRRR Works With FHA Loan? If yes, How Does It Work?
Hi everyone, I’m trying to buy my first rental and this will be my first home as well. I have no idea what I’m doing. I got pre-approved with FHA loan for 250k. I’m looking at a quadplex consists of 4 /2 beds 1.5 bath...
Jenny Cashin
Real Estate partnership gone bad: What is Fair Division Of Assets?
Hello,
10 years ago I bought a 4 suite building in Brooklyn with my best friend. We agreed at the time (verbally only, because we were best friends) that either party could get out of the venture after 3 yea...
Vonetta Booker
Bank & LA defensive over inspection...WTH???
Quite the interesting REO experience I just had: I put an offer in on a property last week w/ a 10 day inspection; the bank countered with "0 days" for one. Now, since this would be my first rehab, I'm not comfortable...
Jason Noel
First Time Mobile Home Park Purchase
I am looking at purchasing a mobile home park in the town I live in. The basics of the listing are:Purchase Price: 2,500,000.00NOI: 224,000Cap Rate: 8.965.311 acres18 mobile homesRenovated in 2020I have never made an ...
Kirk R.
What were your 1st and 2nd RE Transactions?
Seems like getting started is always the toughest.Anyone share your 1st and 2nd RE transactions. How you found it? & whether you made money or lost money?
Andriy Boychuk
Typical Mistakes - MH Park - Seller Financing
What are typical mistakes when you buy a mobile home park with seller financing? What should I include and not include in the contract? What kind of lawyer to hire? Should the layer be regular RE lawyer or MHP special...
Blake Mgbada
Avoiding Capital Gains Tax
Does this situation sound feasible?Let's say I completed a live-in-flip as a single person. When I sell my house, I have over $300k profit. I have to pay capital gain tax on the $50k surplus. What if I refinanced for ...
Adam Simpson
First Rental Property - Thoughts?
This will be my first purchase so looking for any feedback from the community.Ask - $50k - started above 70k. Assessment well over 100k. Homes in area 130k+. Needs - probably 15k in immediate repairs, another 10k in v...