Kelly Conrad
Real estate lawyers and rates
Hey everyone!
I just contacted a Real Estate lawyer that was recommended to me, but her hourly rate was $250 (and no minimum). For now, I just need someone to look over our tenant documents and make sure they're all ...
Shaun R.
Rehabs on flooded houses
There are tons of flooded and gutted houses on the market since the big flood last year. Have any of you guys done any rehabs on these houses and were they different than any other rehabs you've done? Do you need an...
Asher Anthes
Estimating ARV... Factor out distressed sales?
When estimating the approximate retail value that I should get when the house is fully fixed up, isn't it necessary to not use the "distressed sales" in my comps? Obviously, in today's market there are a good many fo...
Dennis Meyer
What Heloc strategy is best?
BP Community,First time posting to the community. I am a new investor and I am in the process of purchasing a property with my Heloc (7.75% fixed for 60 mo). The property is $105,000. With expenses and minor rehab I l...
Wilson Lin
SFH analysis - Milwaukee (first property!)
Hi everyone,I would appreciate some thoughts and feedback on my potential first property. This will be financed with a conventional 30 yr mortgage at 4.75% and 20% down. Purchase Price: $50,000Monthly Rent: $850 (sho...
Frankie Lotrec
Should loans be from local bank or where investement is?
Hi all,I am greener than green to the real estate investment field. I 've not been this excited about life in a while, buying property as a means to build wealth is an exciting venture. LOOOOOVE this country.so my q...
Marques Johnson
Whole process from motivated seller...
Can somebody please walk me through the "typical" wholesale process from beginning to end, starting with however the motivated seller gets in touch with me? I have some contracts from my investor friendly real estate ...
Kam Lau
Hard money and private money questions.
New investor here. I’m looking for some advice about screening hard money and private money lenders. What are considered some fair terms and what are some things to look for and avoid? Where’s a good placeto find repu...
Jonathan Small
How to account income from multiple properties on a single 1099
Scenario: I have 3 properties managed by on property manager. I receive one 1099 for all properties at the end of the year. I am using a CPA to do my taxes. How should the tax return capture each property separate...
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Advantage of Allowances to Seller?
I'm currently working on purchasing a duplex. I have made an offer, and the seller has countered. The duplex will probably be in need of a new roof in about 5 years. The seller has mentioned a couple of times, that...