Aaron Wyssmann
Does this meet code?
Ok, so I know that there is no way this meets code but I saw this in a possible investment home yesterday and I had to share. Just think, you could take a shower and plug in your hair dryer and then if the breaker ha...
Natalie C.
Providing inspection reports as a seller
Hey everyone!My family inherited a house through probate. The home was owned by a hoarder and the house is in pretty rough shape but in a good neighborhood (Rockridge in Oakland, CA). The home itself is VERY charming ...
Joe Leonti
Closing costs and lender fees are killing my deals
I am planning to purchase a duplex (or triplex). I am now working with a lender to get pre-qualified for a loan. I wanted to find out what the real cost of a loan would be, so I am getting estimates. Well, what happ...
Kent Harris
Why do I need to use Hard money?
I recently purchased a house for $120,000 in cash. The cost approach on the house is $185,000 after renovations. If I go through a conventional lender they are requiring me to use a hard money lender to renovate the h...
James Robert
Contractor Keeps Picking Up Other Jobs During My Flips
I have a contractor whom I met from a friend of a friend. He is a jack of all trades. This is the second house flip I hired him for. First one went about 30-45 days over what was expected. He is a one man show so I ge...
Will F.
Insurance for flipping
What type of insurance do you all recommend for short term real estate holding and construction. Liability, etc? Also how do you generally hold title? LLC?Our plan is to flip and only hold for 4-6 months.
Roc P.
Rentals in bad areas
I was wondering what was everyone thoughts about rental properties in dilapidated areas was. Is it worth having all the numbers work out, i.e. 2% rule and house bought @ 70% of value etc., vs. the appreciation of the...
Chris Levarek
Where It All Began - A Real Estate Journey to 626 Units
The sun was just peaking over the mountains in an area typically packed with hikers called “Dreamy Draw”, a mecca of crisscrossing hiking trails in the center of Phoenix Arizona. Splitting these mountains, thousands o...
Neerav Patel
LLC with commercial mortgage VS personal regular mortgage
I just bought REO property as my own residence and renovated it inside out(which is almost done).Now I am planning on my next investment but I have trouble deciding path for finance.On one end I can get an HELOC on my...
Account Closed
Pennsport Philly HUD Bid Accepted
Hello, everyone. Just received word that my bid was accepted by HUD. I'm waiting for the contractor's estimate in terms of repair costs. It's in the lovely section of Pennsport in South Philadelphia. The address is...