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As of this morning I have an accepted offer and my 7-day option period has begun. I have a quick question though about the property which is a 3/2 front house with a 2/1 back house (but really is a large 1/1 since bot...
Hello All,
I bought a property in March 2012 for the purpose of renting it out. I spent the rest of the year fixing it up and I put the house in "in service" (For Rent sign in the yard) on December 15.
I'm trying...
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I found an interesting property that needs some cosmetic upgrades. In addition, it has a large unfinished basement. How do I figure out how much value I could add to the ARV by finishing out the basement?
I've seen ...
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I am just getting into vacation rental investing and I am curious what other investors look for in regards to expected profits from a vacation rental. Is it comparable to long term rentals? My first vacay purchase "...
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Good afternoon BiggerPockets!
I am closing on my second buy and hold property within the next week. Currently the property utilizes Natural Gas for furnace, water heater, oven, and cooktop. The furnace is 18 years old...
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I am looking to refinance a duplex that I purchased in July using an FHA loan, and am trying to get an approximate idea of whether or not there is enough equity to refinance into a conventional mortgage. We paid $163k...
I'm new to this whole "house flipping" thing. There's a house in the family that my family member is too old to live in so I had the idea to flip it and then sell it for a profit. My situate seems a bit different then...
First time posting and need some advice on this topic:Currently, my parents (retired) own a house in Phoenix, AZ area that is free and clear that I am estimating worth $300k-$350k. I also own a free and clear home in...
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I'm closing on my first rental property tomorrow. The first thing I want to do after closing, is change the locks. I've heard that in Texas, a rental must have a single sided deadbolt (where the deadbolt locks ONLY...
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Has anyone ever worked a deal out with a seller in which you'd renovate their house first, list it fully rehabbed--and then pay them their asking price out of the ARV? The strategy was mentioned in the book I'm curre...