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I'm wanting to sell one of my properties to my mom. The current loan is about 200k the appraisal 6 months ago was at 425k. With her income she can qualify to purchase about 350k. I want her to be able to purchase with...
Hi Investor Friends
I need advice. I am looking at a property that looks like I could get for 150-160k the HOA is $42. And the possible rent is at $1450-$1600. This property is rare because it has 4 bedrooms and most ...
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In the process of getting prequalified for a FHA loan and I've been talking back and forth with a real estate agent (known her since I was a kid). I asked her how much usually is closing cost and she said 6%. Is this ...
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What software do you use to keep account of your rental income, expense, mileage, receipts, etc?
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Even though the state of Texas enacted legislation creating the series llc back in 2009, few people are using it. I am interested in your feedback. Have you heard of this? How are you using them? If you are new to...
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This is an part of an ad I saw on Craigs List:If you fix and flip After repair value $115,000. Purchase, plus costs $15,760. Repairs (estimated) $45,700. Holding costs $2,400. Closing Costs $11,500. Gross Profit $39,6...
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Hi everyone. Which case would be better for you if you were the buyer? To record this property sold at $50k or at $110k?Case 1: The seller wants $50k in his pocket after COE. He owes $60k for a lien on the propert...
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This is my first flip. The seller has accepted my email offer on her house. The cash buyer has accepted my price. Question: Do I still need to get the property under the contract or could I just connect the seller and...
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For mom and pop or single investors: After all payments/fees/taxes/repairs/vacancies / mortgages if any, etc. how much does your entire real estate portfolio NET you per month?
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Recently I have been hearing rumblings from other Phoenix area investors, that are pulling permits to add sqft or tearing down old properties and build new, about a Speculative Builder Sales Tax in many metro-Phoenix ...