Gordon F.
Guidance on first rental property
Hi BP.I'd like to buy my first rental property as soon as I find something that makes cents. I wanted to get some second opinions from you all to see if my logic is sound...I'm looking at the greater Phoenix and surro...
Nelson Taylor
General House Building Costs Around Rhode Island
I am considering buying a wholesale triplex property on a large lot in Pawtucket, RI. House after renovation isn’t the best BRRRR candidate and would cash flow at $100/door (not enough for my general parameters). The...
Kelly Byrd
Counter offer with credit at closing?
So lets say I offer $200K on a property listed for $200K. The seller countered with $220K as the price, but with a $20K credit to me at closing, along with a few other changes to my offer. There must be a reason this ...
Karen Margrave
REHAB COST VS. VALUE ADDED
Here's a link for Cost vs Value from Remodeling Magazine, thought some of you might be able to use it for general purposes.
http://www.remodeling.hw.net/remodeling-market-data/about-the-report.aspx/
Chris Harper
Giving Title information w no commitment
Has anyone ever disclosed closing costs to an end buyer who has not signed your assignment contract, or put down a deposit with the title company? I make the buyer pay all closing costs, and I had a buyer tell me t...
Thomas Kareeparampil
Let’s Make a Deal - Blog Post
How many of you enjoy sitting down to an episode of Flip Or Flop, or Fixer Upper, and think, it would be neat if I could make a deal like that and come away with a big payday. While real-life house flipping isn't as e...
Michael William Sheehan
Help Me With the Numbers
A 200k 15 yr mortgage with 6% rate will cost you $165k in interest. Stretched out to 30-yr it's still over 100k in interest. If the value of the home is 200k, after 30 yrs maybe it's 600k and it cost you 300k in inter...
William Presley
Are there any hidden risks to wholesaling?
I am new to real estate and, like many other newbies, have decided to start off with wholesaling. The reason I've decided to take this route (and I'd assume many others have similar reasoning) is because wholesaling s...
Edward Zachary Samperio
VA loan closing costs and down payment
I want to purchase a multi-family home using my VA loan. How much total cash on hand is recommended to have before buying? Say I want to purchase a property worth 300,000 - 400,000, what is a reasonable amount of cash...
Robert Steele
At what point is tenant not responsible for paint and carpet condition
I had a tenant move out after 5 years and the carpets are absolutely trashed. They were brand new when they moved in. I know the IRS assumes carpets are only good for 5 years so I am thinking I should not deduct this ...