Is there a general rule of how much total cash should be left in a deal, vs the monthly/annual cashflow?For example, if I were to BRRRR a property and end up leaving a total of 24k cash in the deal, knowing that it sh...
Good evening all. When purchasing a property that has tenants and you take possession on the 6th of the month, at what point do you notify the tenants of the increase in rent? Tenants are currently on a month to mon...
I'm looking for my first deal in St. Louis. This is a four family in the North Hampton neighborhood. My question is does the analysis look sound? Is this the type of return I should be looking for or can I do better? ...
Does anyone have a lender they recommend who is willing to work on a Short Sale deal where I would use some gift money as a portion of the down payment. The property is in KS and is less than 50 miles from my primary ...
Advice Needed!I am meeting with a REI that is looking for a $20,000 hard money loan. I have never been a lender before and need some advice. Here are the details:$20,000 loan with me being placed in second position?...
Hello,
A family member is preparing to sell her home, and we are trying to decide what would be beneficial for us in purchasing her home, and something equitable for them as well.
Here is some of the info:
-Want...
Looking for advice from experienced legal minds here We own a multi-family zoned lot which we originally bought intending to add a couple units in the back. Lacking the capital and building experience to develop it ou...
Hello Everyone
Im a newbie in CT looking to begin her first flip! I'm looking into REO homes to purchase, rehab and possibly occupy for up to 3 years prior reselling. (tax incentive)
Although there will be instant ...
Hi! I'm Tonya Quinn. I'm originally from Des Moines, IA. I will be attending DMACC this semester for an Accounting & Bookkeeping degree.Get ready for a long post!A little bit about my experience in real estate:Whe...
Hi BP, I have come across a deal for a property where the owner of record on the deed is deceased. My direct marketing campaign led me to the daughter of the deceased owner. There was no will, and the daughter says ...