So I found a property that will rent for $500 and I can buy for 30K cash.
My problem is that I then will have 30K + 5K (repairs) tied up for a couple years until I could do a cash-out refi. There is no way to figure...
I am not wholesaling anything but had a question.
You find a REO for $500,000. Market value is $3,500,000.
How much would you wholesale this property for? And would your end buyer have a problem with the spread?
I started conversations with an owner last month who said she was going to sell without an agent and use her attorney. Ok that is great I have an attorney as well and prepared to hand an agreement sent over to her.
O...
Should I be suspicious about receiving a request for rental application from someone who I have not yet spoken to much less even shown the property to? My gut tells me this is highly unusual especially considering the...
Let's assume that you have a track record of success in whatever aspect of real estate that you are doing. You have tax returns and successful projects that you can show potential investors if they ask.Let's also assu...
I have an opportunity to purchase a model townhome from a builder in one of the better neighborhoods in Charlotte, NC. The builder would then lease back the model home to use as their office/model for the duration of ...
Hello BP,My wife and I own one rental income property (outright, San Diego) and are looking to invest in a second or more (Houston area) to increase cash flow. I have been reading the forum posts on the debate between...
Hi all,I was curious on everybody's perspective whether buying or selling single family rentals use a Cap Rate valuation, or a more traditional $/sqft with comps. On on hand it seems $/sqft makes sense, but if it's s...
Hi all,
So I am in contract with a property that is a flipped property and was built in 1917. The home and pest inspection were done on Wednesday, and Friday the plumbing inspection was done. Only problem is that onl...
I have a 4-unit property (all 2 BR, 1 BA), that I'll rent by the room. I'm catering primarily to Oil & Gas contractors (pipe-fitters, electricians, etc.), then to traveling nurses. Are there others that you'd re...