The house value is around $50k.
The amount of repairs are around $20-25k.
He owes $30k, but is up to date on the payments.
He recently bought a new house and will have to pick up both monthly payments by September....
I purchased a SFH, 4 bedrooms, 2 full baths, 1424 square feet in December. Both bathrooms were basically unusable (extremely gross), and the house was from a hoarder so it was pretty gross in almost every room. But ...
I'm working on buying my first investment property in Oklahoma City (where I also live). We made an offer and it was accepted and right now we are in the inspection period. It turns out that we are dealing with a whol...
So I am definitely a newbie to investing and my plan is to do fix and flips, property development, and whole sale. I'm reaching out to distressed properties wherever they pop up in my area. My full time job is being...
Hi all,In a bit of a predicament on my first deal. This first one has NOT been easy and we have been under contract for nearly 2 months now, but I am committed to make it work because I think it is a good first deal.I...
I've been reading this forum for a while, trying to learn as much as possible about real estate investing and property management. Lately, something that I've been thinking about is how to protect my investment if I w...
I put an offer on a Homepath 4 bedroom home on Monday for $44,000, a $1000 less than the asking price. Also I asked seller to pay $2000 in closing costs. My realtor told me other buyers also made offers about the sa...
I am looking at my first possible flip purchase. I can account for all cost except this. The roof needs to be replaced hence the water damage in most of the rooms on the ceilings. The homeowner says it has been the...
Even though I have been doing this a few years, I still consider myself a newbie. I just had a deal fall through and learned a new lesson. Well not a new lesson but, was reminded of a previous lesson and why I g...
After 6 months, 50+ properties analyzed, 10+ property tours, and 2 offers, I am finally under contract to buy my first rental property in Omaha, NE! A 3BR/1BA in Midtown near UNMC and the VA hospital.While I feel like...