Davit Gharibyan
Making an Offer on Older Multifamily
Hi fellow investors. I have a silly question. I have been shopping quite a bit older apartment buildings (60-70's). Many properties have outdated kitchens and bathrooms. The units are still functional but in serious n...
Austin Powell
How to properly analyze a potential BRRRR
Hey BP, anyone have any tips on how to accurately analyze a BRRRR? I will be using the BP calcs but want to understand everything going in and don't want to miss any info. Thanks in advance!
Roberto Borja
Do I trust this agent and do the deal?
Got a property under contract from an agent that is doing the property management. At first, he said everything was functional and livable. Then after going under contract he said they replaced water main from cast ir...
Joe Rodriguez
Federal Hill Providence
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Providence.
Purchase price: $320,000
Cash invested: $25,000
3 Family buy and hold deal in the Federal Hill area of Provide...
Jake Tilleson
Home Appraisal Disagreement
I had a property appraised in April of 2020 and then again in January 2021 to refinance. Between the two I converted the back half of the attached 4 car garage to a livable rec room/addition (approx 500 sq/ft) and had...
Jen Hoang
Should I replace the furnace and water heater?
I have my first property BRRRR deal, the furnace is old but in working condition and so is the water heater. The house also doesn't have AC. Would it affect the ARV greatly if I don't change these items?
Scott Hughes
Help with writing a non standard offer on a property
I have a question or two for those who write offers often.
Here's the scenario: I want to put in an offer on a 2/2 condo that is rent ready. The asking $ is 76K, however, I had my realtor comp it and it came back at ...
Robert Villanueva
How to Pay a Contractor in a Fixer Upper?
Wondering what is the best way to pay a contractor in Texas? I know for sure you NEVER pay all up front but what are some common percentages now and days or form of payments. Also, what are these contractors charging?...
Kaleb Musie
Possible Insurance Claim Issue?
Hello Everyone,I'm purchasing an investment property in Memphis, TN and wanted to verify the information below is not problematic.Through research, I came across that Name Insured should equal name on deed, otherwise,...
Dave Brooks
Under contract on a REO
I am under contract on a REO and just wanted to get a feel for whats next. This is my first foreclosure. The house is in really good shape although missing all of the light fixtures and kitchen appliances.My plan is t...