Michael Arreola
Seller owes more than accepted offer
I recently retracted an offer I made on a house due to the seller delaying close for an unreasonable amount of time. His reason was actually legit but I felt I needed to move on to something a little more promising...
Jason Elbers
Flippers organizing bank accounts
Flippers, what's the best way to organize your bank accounts?
I have a personal account and an LLC business account.
Currently, I keep the bulk of my money in my personal account and transfer funds as needed to my LLC...
Akkiemaj Frederick
Moving too fast with no money
There is a scattered site portfolio available in a smaller city near Pittsburgh. Includes 64 individually deeded units in one housing plan with tremendous upside potential. 8-10 units currently rentable. 3 structurall...
Alexander Mair
Multi-family in Detroit
I've been looking into c class Detroit real estate for a while now (yes I know) and am amazed by the cap rates on multi family units. 17 doors at a 10 cap, 11 doors at a 13. Admirably they aren't in the best of areas,...
Miriam Gaddis
Countrywide Horror Story
In 1998 I purchesed a VA Foreclosure as an investment, and was collecting rent from it. The VA sold the loan to Season's Mortgage, then Season's sold it to Countrywide Home Loans. I had a fixed 30 year loan for $708 a...
Nathaniel Epps
FHA Assumable Loan Success
Hi everyone, this is my first post, so if I'm asking this question in the wrong area, my early apologies. I'm looking to purchase my first property, and I've been searching for properties with FHA Assumable loans. I d...
Account Closed
Car Wash
Hi Guys - I'm looking into my next investment and I came across a car wash. I like the location and the price point. I've never dealt in anything like this so I'm not sure what type of expenses to expect but there are...
Terry Portier
Builder Needs REI Help
I been away for a while designing my first spec home and forgot everything I learned. I have enough free cash $100K to build my prototype design lot included. What would be the best way to stretch that so I can ke...
Malcolm Darensbourg
Unexpected 1st wholesale call
Hey, how's everyone doing?
A woman just called me from a craigslist ad I posted about a month ago. I totally forgot I even posted the ad. She says she is looking to sale 2 of her houses. After all the studying I've ...
Robert Fletcher
Mobile home park valuation
I am looking at purchasing a mobile home park from a friends father who is older. . It is run down due to his age. This is the situation there are 40 lots, he owns two of the trailers only 10 lots leased he is getting...