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Just getting started with wholesaling. I inspected a lead I got from direct mail the other day and I'm wondering if I went way too low on my offer because I overestimated the rehab cost substantially.The owner was an ...
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I have two major wholesaling questions that are troubling me:
Firstly, when you wholesale, does it matter if the seller owns his home free and clear or does it make a difference if he has a mortgage on it?
Secondly,...
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A Scope of Work (SOW) is a description of planned property renovations, with the primary components being a line item budget and a construction schedule. A detailed SOW is important for nearly every type of value-add ...
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My wife and I own a two-flat in Chicago, and we're planning to upgrade our heating system. Currently, we have boilers and radiators that we want to remove to create space in the basement for a future conversion into a...
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Hi,
I am in an escrow for a property requiring major fixer-upper work. The property has a lot of unpermitted additions and alterations which would need to be corrected. I checked with the city but doesn't seem the ci...
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Hi all,At the risk of having analysis paralysis, I've been having a lot of fun culling US Census data from the past 10-15 years and assessing markets by the hard numbers.I'm about to do a big data pull (which is time-...
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Hello Everyone!I know that a college education isn't exactly necessary to get started in REI, but I am currently on my way to getting my degree and figure I should go for something that would help my endeavors in real...
I'll try to not make this post too long! Sometimes it is a tough balance getting enough info out and not blabbing on. Hang in there with me please!A family member of mine unfortunately and unexpectedly passed away. To...
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Looks like my 1st property will be an FHA owner-occ quadplex. I've heard time and time again that there's no need to hire out property management for this small multifamily. What I'm unsure of is how I would handle ...
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Hi all -I'm evaluating a short sale with the intention to BRRRR it. I'm currently "house hacking" a 4-plex. This would be my first short sale and BRRRR. I could use some help checking my numbers / plan...Property deta...