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Hi folks, an update on the place I've been looking at. I have a 3 family, 3 story home (built in the 40's) under contract. The ask price was $355K, I negotiated it to $302K. The rents are at about $2800 currently, ...
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The property in question is a SFH, needing new flooring as a major repair and also several minor repairs such as hardware, cracked tiling. Is it more cost effective to just have a PM take care of this or do they gener...
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Hi everyone,My neighbor whom I've known since I was 7 years old recently went into assisted living and Medicaid will be kicking in. She has offered to sell me her property for $50,000. The current market value is ri...
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Hello,I'm recently gotten a property under contract at $80,000 with an ARV of $110,000, it needs very minimal repairs (paint, carpet, etc.). Furthermore, I've found a (traditional) buyer who's highly interested in th...
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I need to move and was thinking of renting out my current house. Comps say I could sell it at $575k. It is completely renovated. $120k left on 15 yr mortgage which is 2.75%. Was thinking of doing a Heloc to take ou...
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I keep hearing that equity in houses are going to go up 10% next year and possible 15% in the next two years. People are paying for houses way over their appraised value and bidding wars are sparking up all over the ...
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Hi I was wondering what would be the best way to prevent a house from flooding other than not buying a house in the flood zone. There is a house in the north suburbs of Chicago in a amazing school district, but its i...
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I’m interested in getting my first Flip property. Getting started which would be better long term and short term, Flipping properties or investment properties ?
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Noob here. I am looking at my first rental property purchase in the Las Vegas area. I am looking at a class A, SFH. Can someone help me analyze this deal and if it makes sense, or am I being silly? I feel like its...
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When evaluating finishings or additions to a property you are looking to rent what are some ways you determine what is going to provide the best return and what is just going to eat into your investment? Particularly ...