Jeremy Frederick
offsetting real estate income
This is my first post on here so bear with me. I am looking for ideas on how to offset my real estate gains. A little background is I am single and make approximately 150k/year in my non-realestate W2 dayjob. I have 3...
Shreya Modi
Is CoC different then ROI? Or is it the same?
Good Afternoon Everyone,I am very new to REI and also on BP. I am currently using the free version of the DealCheck App to analyze properties. The property analysis tool shows two different categories for the “cash on...
Ryan Kolodzej
Thinking about getting into the mobile home market in Charleston!
I am moving to Charleston in about 1.5 months. The mobile home market intrigues me.
Would it be wise to look at renovating them in this area?
Would it be better to buy-and-hold?
Is it possibl...
Andrew Hofing
Please Help! I would like some feedback on my work in progress Business Plan
New Horizons REG Business PlanMisson Statement: New Horizon Real Estate Group will be established to form a profitable and sustainable business model in Real Estate Investing. New Horizons REG will have 3 areas of ma...
Minna Reid
Got a live one - now what?
So after doing my homework, placing ads,etc, I finally got a call from a lady in foreclosure. I have the comps at 230-250, she says she needs 160 to get out of the mortgage, and wants some cash to start over. She says...
Stephen Dickey
Well, We Got Burned .. What I Learned
Just got burned on a flip. Did a cash out refi on my property to pay back some hard money that is due and banked on an appraisal without researching the market value. Appraisal fell short. Profit will still be made wh...
Lee Syndergaard
Someone please explain Cap Rate to me as if I'm in 1st grade
I've read about cap rate, heard it discussed on the podcast, but still don't have a grasp on it. How would you explain it to a new guy, using small words?"Layman's terms. None of that inside, b******* jargon that nobo...
Jon Klaus
Equity split/structure
I'm contracted to buy a home (2100sf) for $270k that should sell for $360k as is, if I listed it. It needs a full rehab, plus I plan to add 1800sf. Cost of rehab/addition should be near $200k, for a total investment ...
Jessica Hood
Do private lenders allow for DIY rehab?
Is it common place for private lenders to allow for DIY renovations by the borrower? Or do they typically require contractors to do everything like most banks do?
David Beard
Help w/ rehab estimate
I'm doing some exterior work on a 3-fam, and was hoping to get a couple of opinions on pricing from a contractor. This is a three story house, with a somewhat steep roof.
* Tear off slate roof and lay new asphalt s...