Howard Johnston
Do we use equity on our home to fund first flip?
Hey folks. My wife and I are REI newbies and are looking to flip houses. Although new to real estate on the investing side we have flipped two homes that we've lived in with great returns. We are self-employed (contra...
Gustavus Adolphus
Etiquette in dealing with contractors
I made a contractor very upset by not accepting his bid and am trying to figure out if I broke some important etiquette rules of dealing with contractors.The story is this: I got two estimates from painting contractor...
Aleksandra U.
Advice on potential investment needed
Hello,Looking to purchase a condo for investment. My last offer was $62500 and I'm paying closing costs (seller didn't not agree to cover any of it). Seller wants $65000. I still consider it a good deal even with purc...
Brad Uricchio
Adding sufficient "new" value to a rehab?
Recently passed on a home that needed only light "ginger breading", along with a new A/C unit to bring it to market. While this sounds great at 1st, and might be just the thing for turning a home into a rental, my fea...
Michael Gayer Jr
Is "this" Selling without a License?
Total Newbie Question ...Is "this" Selling Real Estate without a License? .... An investor giving a borrower (in pre-foreclosure) advice and strategies to sell his/her house .... and then splitting the profits with th...
Donta Busch
Question about my first possible deal
(this will be my first deal, i have limited/no experience beside reading the forums and listening to the podcast, I also have limited funds for a down payment) I have a friend who is renting an townhouse 2 bd 3 br bui...
Royce Sanders
Your BEST/MOST CREATIVE negotiation story!
Hi, I am not the best at thinking outside the box and from listening to the podcast I can tell that sometimes you have to think on your feet to make a deal work. I was wondering if you could post some unique and creat...
Dmitriy Fomichenko
Getting in trouble with self-directed IRA?
One of CPAs we work with sent me their client who have gotten themselves in some trouble with their self-directed IRA.
The client opened self-directed IRA with IRA Resources Trust Company. Then he created an LLC wit...
Tony Castronovo
Self-Manage or Professional Property Management
I know every investor is faced with this question. Self manage or hire property management? I have self-managed my SFR portfolio (8 properties) quite successfully and developed some great systems and processes. But...
Jerryll Noorden
Help on negotiating
Hi everyone.I am dealing with a situation here.I made an offer, the owner likes the offer.As the owners are a brother and a sister, he (the one I am dealing with, brother) wants to run it by sister.It is taking weeks ...