Jerry Evans
I need another pair of eyes, please, help analyze this deal
(11 unit complex)Asking Price: $80k 25% down: 20kMonthly rent(s):5k Property tax: $282($3,380, 2015 tax year)Estimated mortgage: $250 (20 year loan)Utilities: $425Vacancy: 10%= $500Repairs: 20%= $1000PM: 10% = $500To...
Rhett P.
How Long Before You Bought Your First Tax Deed?
How Long Before You Bought Your First Tax Deed?... That is, after you learned about them. And for how much? (If you don't mind me asking.)From there, when you got the deed, what did you do with the property?
Mike Palmer
2 rare situations/crazy tax questions for any tax experts
Hello:
I have 2 situations that I have not been able to find answers to (at least to my satisfaction that they are correct). One is very rare and crazy, but the other I am sure has happened to someone out the...
Account Closed
DM to larger list or hit a smaller list multiple times?
Im about 3 weeks into my wholesaling journey with no leads and im just trying to figure out the best way to use my limited capital. So far I've been targeting a list of 700 High equity, absentee owners. I've sent them...
Mary Nathan
Yellow letters
Hi Everyone,I sent out my first ever yellow letter campaign through www.yellowletters.com to about 300+ out of state absentee owners. I extracted the list from propertyradar. It has been just over a week and I have no...
Account Closed
Foreign Students
I just had 2 very nice Chinese students look at a house I have for rent. They want to rent it.
They speak very little English, but have a friend that can translate. They do not have a ss# because they are tra...
Brad Gibson
Laminate Flooring Throughout entire APT?
Hello, I recently bought a 6 unit apt building and have decided to start updating units as they turnover. All of the floor coverings in units are pretty much worn out. I'm debating on eliminating carpet completely and...
Haitham Abbasi
Flagging in craigslist
Hi my friends, I hope that you are feeling grand! I have create more than 5 Craigslist accounts. Posted some ads yet everything gets flagged. Here is what I am doing, please direct me to the right direction. MY QUE...
Mike O.
renting to someone who is retired
What are your experiences renting to people who are retired? I have a potential tenant interested in renting a townhouse from me ($1800/month) and will be living alone. Curious on the best way to verify income, she me...
Benjamin Haberman
Keep rental property?
Hello,
I purchased my first primary home in May of 2009. Just bought a new primary in April 2014 and kept our first as a rental property. I'm just trying to figure out whether or not it's worth keeping this house As ...