Kevin McDonald
My deal good or bad, 2% not possible in my area
Do people really get 2% on rent of the purchase price? At least where I live there is no way this rule will work.A house that sells for a 130k (that doesn’t need any work) will get about 1200 to 1400 a month rent; no...
James Wise
Property Crime. A Cautionary tale that all investors should read.
We do not have a Real Estate Failure Stories forum, so I figured what better place than the Real Estate Success Stories forum to post this. Perhaps by coming out of this bruised but not broken, that in itself is the t...
Karan Nanda
Is Midwest (Milwaukee area) good for buying and hold strategy
Hi All,Just wanted to get opinion of experts.Is Milwaukee area is a good place for Buy and Hold strategy? Any thoughts from people operating in this region.How can I determine If my strategy for building passive Incom...
Zach Adams
Next deal: 1031 exchange for a Multi-Family Quad
Good evening all - I'm looking to purchase a multi-family quad for my next deal. I have a SFR in Atlanta that has about $55k equity and could sell for $165k. CapEx has been one thing after another and every time I g...
John T.
Large House Fire, insurance / tenant questions
Two nights ago the only house I manage that I don't own (favor to my GF) had a large fire causing large amounts of damage. It was from old wiring in the house that caused it and I'm glad nobody got hurt. I have a lis...
Benjamin Carter
Can I refinance a house that I own outright?
I am a 24 year old guy who is close to finishing up his first deal. I bought a house at a tax foreclosure auction with the intention of fixing it up and moving in with a roommate once it is finished. I am finally gett...
Jesse Lee
1 stage or 2 stage refinance?
I want to do a cash out refinance and was wondering if I should it it two stages. Goal is to pull out as much cash as possible to use towards next deal.-Credit score is around 625. It’s low due to high utilization (&...
Tom C
Your opinion on this deal
4 properties, SFR's in a fairly good location. Asking for the package $100K.
1st - SFR 3 bd 1 bath - rents currently $475 month. 6 yr tenant
2nd - SFR 5 bd 1.5 bath - rents currently $450 month. 8 yr tenant
3rd -...
Bryan P.
Dummy Newbie...
I never heard of wholesaling before I started reading this forum a few weeks ago.
Please make this simple for me because I don't understand the intense real-estate jargon!
So a wholesaler is an unlicensed "middlem...
Sean Gallagher
Closing cost
I have a contract right now used to wholesale and its puts all closing cost on the seller.. Is this fair? Usually most serious investors are dealing with cash so there isn't as many closing fees compared to a lending...