I have a question for you appraisers out there. I'm working on putting together a deal where I build a new single family home and sell it. Right now, it seems very cost effective and profitable to do this using a pre-...
Hello to all and anyone who is savvy about rentals in Newburgh NY. I've purchased some properties from the city, not the hot part but a nice street right below Mount Saint Mary's, just a half block above where everyo...
I'm underwriting a deal right now, trying to determine a generic rule of thumb people use for expenses. The deal includes: - Four 4-plex's totaling 16 units- 100% occupied (although I like running my numbers at 89%)- ...
Hello,I am considering to buy a portfolio of 25 single family houses in C/D level area in chattanooga ( most of them on section 8). I work full time and can contribute about 10 to 20 hrs/week for managing the busines...
Since I've never done a deal before I need a lot of guidance with this.I came across a foreclosure while doing something totally unrelated to RE. I have gotten some general information and I should be able to visit th...
After doing mostly fix/flips, foreclosures, tax liens, I'm looking to buy my first buy and hold rental. I've been running the numbers and typically use 5% for Cap Ex, Vacancy, and repairs, which I think are the numbe...
I'm setting a goal to have 10k/ month in passive (doesn't have to be truly passive i'm ok managing the properties myself) income by November 2016. I have 500k liquid to work with. Real Estate/personal background info....
Which projects have you decided to DIY but should have hired out?Was it more difficult than you imagined? More time consuming or more costly?I tend to bite off more than I can chew but if I don't try I don't know.
The underwriting team of a local bank I was working with in Louisville just gave me a "No" for a small balance commercial loan for a 5 unit that I currently have under contract. Unfortunately it took them 4 weeks to ...
I am very new to real estate investing. I have seen many ADS and forums about wholesaling ? What is wholesaling ? Is it illegal ? Is it the same as a broker ? Why do some criticize wholesaling and others praise ? Doe...