Max Cordova
$400,000 Multi-Family in Central Jersey (worth it?)
Currently looking at a multi-family property in the Central Jersey area.
They are asking for $425k for the property.
It has 4 units (2 bd/1 ba)
Each unit can rent out for a minimum of $1200/month.
PROBLEM: Asbest...
Tyler D.
Looking for advice. I want to finance a small property. BRRR
I have a house I bought last year for 40k, and want to pull the cash out so I can put it into other investments. The two issues I have been having are:1) The closing costs are so high that it seems not worth it to pul...
Maria Teo
joint or seperate contractor & engineer contracts
I've heard it is preferable to have separate contracts with each building professional (architect, engineer, contractor), but why?I received a contractor proposal including both the contractor fees and the engineering...
Marco Morkous
Too many properties?
Is there such a thing as too many single family properties? Say some gets up to 100 single family rentals. Is that too many moving pieces? Is it better to have one apartment building? I feel like I heard that on today...
Mike Ritter
Should I sell my duplex?
Hi,I have a duplex that I bought in 2008 as my first rental property when I wanted to get into RE investing. Just would like some recommendations on what others would do with this property.Details:Both sides are 2 bd...
Chad Skiles
First Deal on a Fannie Mae REO
I am about to make my first offer on a Fannie Mae Home Path home. It's going to be a live-in-flip. It's listed for 70k. ARV is 110-115k. My MPP is 60k, but I really want to get it for ~50k. How can I get the b...
N/A N/A
how do you explain that you will be assigning contract
is it necessary to inform seller you will be assigningcontract, and if so does anyone have a diplomatic way to explain. Also, who determines the earnest deposit amount?
Account Closed
What Would You Do Here
Came across a property that is only being rented for 750, but rental comps say it should be rented for 1000. Deal could realistically make sense at 1000 but not at 750. I'd have to go through the rest of the lease at ...
James Forester
Evicting house guest/tenant
I'm in Portland OR. Around Thanksgiving, my wife's friend wanted to stay with us while she looked for her own place. It was only supposed to be a few weeks. In January, I told her she couldn't stay for free anymore. S...
Joe Wright
Property Manager willing to float the rehab
Last month I purchased my first rental (2hrs away) and the property manager I chose handled the make ready via her husbands construction/rehab company. She charged 10% of the rehab/make ready cost to manage the rehab...