I am planning to purchase a $30k 3/1 SF Home in Detroit.I receive lots of negative comments about this. I will appreciate some insights as the return % seems to be interesting.
My deal:"The owner of a 4/1 home is 2 years behind on his property tax and can't afford to pay it. I offered to write up a contract where I will pay the taxes owed and set up a payment plan with the owner. If he is in...
I just want to make sure I completely understand the concept of wholesale real estate. Please respond if I need correction.
You negotiate a deal with the owner of a property to buy it at a discount. You sign a cont...
Hi all-I recently purchased a duplex from a unique seller, and was able to buy it at a good price that gives me some options. I am thinking about buying and holding and also thinking about flipping. I know I am suppos...
Unemployed with $10,000 cash. Can I make something happen?I'm out searching for jobs with my degree in Drafting & Design at the moment, so I don't plan on staying unemployed. I need a job to build my credit, so ...
Good Evening BP members,I would like to know from all the investors out there that purchase properties from wholesalers a few answers so that I can do the best in my business and meet the needs of those investors see...
Husband and wife just moved in about 3 weeks ago with their 2 children. Wife calls me and tells me husband has moved his baby mama in with her 4 kids and a cat. My lease agreement states that visitors are not allowed ...
Asking for a friend... I have someone who has been funding deals with their own equity for years and want to transition into using Syndication. What are the necessary paperwork/legal work needed? In order to use Syndi...
ContextI'm about to close on my second deal, and am in the process of exiting my first. A lot of people in this group already know what my mid-term strategy is, which is primarily cash flow focused and relies on acqui...
Ok here is the deal. I am working an off market "deal". There are two triplexes for sale that each bring in $19,800/year per building.$19,800 x 2 buildings = 39,600 Total Gross RentThe seller in coming up with their a...