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Hello BP,I need help analyzing this deal. This is a foreclosed condo.2 bedroom, 1 bath 924 sq ft condoPurchase price: $65,000 Estimated repairs: $14580 ($15 sq ft estimate) for carpet, paint, kitchen, light fixtures.A...
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I signed a contract to buy a property “as is”, however, during the time between us signing the contract and closing, we learned that we should have offered much less, but we already signed the contract (we were also p...
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Has anyone had success cleaning a shingle roof? I have one with the black mold stains and streaks. Someone recommended something called neutral copper fungicide power. I have no idea what it is or where to get it. Any...
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Hi All,I am curious to hear from successful investors who have trained their children to develop an interest in REI. Do you have any tips?I have played the Cash Flow for Kids board game and Monopoly with my kids. Perh...
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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...
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I am new to real estate investment and i found one property that is foreclosed. This property is in a decent condition and it is "de-winterized" so i couldn't check wether property has proper plumbing or has any issue...
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Hi. I'm new on the forum and have a ??
The flipping rule of thumb of 65% ARV minus repair costs makes sense in markets where houses are affordable. I'm wondering if it needs to be modified in southern CA.
If I cou...
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Good morning everyone! My name is Holly and my fiance Ken and I are looking to get our current home ready for the rental market as we have accepted a position back in Southeast Texas, close to our families where we gr...
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We just closed on our second duplex! I wanted to wait a little longer to build up our cash reserves a little bit but this deal popped up: duplex built in 1978, 2 beds/1bath each side, fully rented, 5 minutes from our...
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Hi, We live in Southern Illinois and we found a house on the fb marketplace that was for sale by owner. We viewed the home, made an offer for asking price, they accepted, and we signed a standard real estate purchase...