Roc P.
Sub2 Deal
Hello everyone I think I may have found a sub2 deal, problem is I never done a sub2 deal. I've located a home that does not have to much equity so I figure that sub2 option might be a good idea.
My question is coul...
Cyrus Sidhwa
Purchase Price for Flips
The standard formula for max purchase price is 70% of ARV minus Repairs. However, this doesn't seem to account for closing costs or holding costs which can easily reach tens of thousands of dollars when using a HM...
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Assigning a Short Sale
Hi all. Has anybody had any experience in assigning a preforeclosure /short sale??? I always hear from people who say it can't be done but I've read that some people have done it but don't share HOW they did it. If y...
Thierry Van Roy
High ceilings in old houses
In my market, there is a lot of inventory of historical manors from the 17th century and up (example). These ask for a lot of renovations in order to increase their lifespan, but it is manageable...
Except fo...
Christian Benitez
What would you do to continue REI in this situation?
Hello BP Community,I would like to get advice or any recommendations on my current situation. I know there are many here with more wisdom and life experience and want to get someone else’s perspective. I introduced my...
Kristen Ray
Rent payment inquiry
Hello BP!What has your experience been with allowing tenants to deposit their rent payments into your account at the bank? Has anyone experienced a time when the tenant made a withdrawl? Also, in terms of setting up A...
Andrew Reid
Selecting your First out of state location
Good morning allif you had to pick a couple of locations to start investing out of state that would allow you to be all in for 65k with an ARV of 75% where would you look to invest. Ideally once more capital is av...
Paul Williams
Deal Analysis
Recently purchased a condo (3/2.5, 1500 sqft) at a foreclosure auction.ARV - $105,000Purchase Price - $68,000 cashRents for - $1,200Repair Estimate - $7,000 (Flooring & Paint)Association Fees - $203/moTaxes - $907...
Debra Muth
Looking for financing a new deal
I have 2 potential good deals. One that I think would make a good flip and the other that is a good rental deal. I already have 3 mortgages so I understand I can only have 4. I would like to find an investor for the f...
Jimmy Nguyen
Need some advice! - NOVA Market specific
Hey everyone!I'm trying to get some insight on what I should do with my next real estate moveCurrent situation:I just bought my perm residence a few months back, I put 15% downpayment, will have 20% by next year. I am...