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@George Paiva and I closed on a different asset class than our single family flips. We purchased a 16 unit in New Britain, Connecticut.We purchased it for $505K (~$31.5K/unit) and average rents are $675. Top line numb...
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My wife found a 3/2 FSBO as the owner was putting the sign out in the yard. I did my research and feel like ARV is $240k but asking is $250k. We looked at the house today and we were the first folks to see it. It need...
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I have had a lot of trouble with no shows for unit viewings lately (mostly at multi-family properties, not big apartment complexes). I go through the process of initial contact with someone who puts in an inquiry (via...
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I am pretty excited to say the least. I have analyzed a little over 100 deals, made 30 or so offers, and have finally had one accepted! Set to close at the end of this month. It has been a great early learning proc...
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OK folks, I need some creative suggestions here.
Scenario: I found this house I want to purchase as O/O. House is REO in need of repairs: needs carpet, appliances, some plumbing and electrical work, some exterior touc...
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I’m brand new to Hard Money. I understand the concept and want to use it for my next deal to better learn the ins and outs. My first question is do I need to have a property under contract before applying? Or can I fi...
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So I've never bought a REO but there's one that's been for sale for about 3-4 months where I recently purchased a SFH rental.
The REO
Listed @ 90k
according to records this is what seller owed when foreclosed on. (...
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I know its case by case but for the sake of of this post, but what added value have some of you add? to increase rent or other factor that increases the bottom line?. And what would you recommend for first the buyer?.
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Hi, I am currently looking for single family homes for approx $100k-150K. I make offers using a realtor and then they send me everything to sign and submit my offers to sellers. And these offers if accepted become leg...
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I’m trying to get my first investment going to start my real estate portfolio. The frustration is that I search through what seems like hundreds of properties that are within my buy criteria, when I find one it gets s...