I'm interested in investing in rentals and flipping houses but I first wanted to do my homework on the subject. When looking at foreclosures how do you figure out what kind of a profit you can get on the house your bu...
here's the deal:
He owes 68k
He paid 65k in 2004
Current Market Value: $50-55k
ARV: $65k-70k
Repairs needed: $10k
I'm thinking of making my top offer with the lender $35k. That would leave me with a $20k profit, ...
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $55
Cash invested: $72,000
I am purchasing and rehabbing this fourplex for rental to section 8 or other qual...
Rented out a property and tenant never moved in or paid first months rent. Do I have to spend the money and go through the eviction process? Lease was scheduled to begin 30 days after signing. It's been 60 days and t...
Hello all, I am a what most would call a newbie (developed two properties and sold on speculation, but no multifamilies owned) but i would like to get into the multifamily space. I have a fairly good idea how to analy...
I always do my due diligence prior to purchasing a property to rehab but this one got pass me. As any prudent investor, I always scope out my neighbor's property to see if there are any potential hang ups that would i...
This was a 4-unit building neglected by the previous owner, with deferred maintenance and extended vacancy. C+ asset when purchased in a prime B+ location within walking distance to burgeoning “Main St” strip of nume...
Happy New Year, everyone! I found BiggerPockets by chance, actually, after reading many other forums and investing websites. Over the past week, BP has been my only source for information and I have been digestin...
This topic probably applies to most of the country right now but I'll be using the numbers from the Research Triangle. After going to my local REA here in North Raleigh a few weeks ago, I realized just how much money ...
Hello BP! Short time reader first time poster. Facts: List REO price $88,900. Cash or conventional. Listed for 65 days (I know it's longer but listing was allowed to expire and then was relisted). Reduced $5,000...