So I basically have seen two basic formulas on these message boards to determine whether or not a property is a good buy.
For rehabbing: (ARV * 70%) - repairs = Max Purchase Price
For Renting: Rent * 50 = Max Purch...
So I have closed on 5 homes now in 6 months. Every time I am waiting for title to come back I feel like I am holding my breathe hoping it comes back "clean". I haven't had an issue with one yet. But I am always stress...
Anyone here a travel addict?! No? Just me? Im sure that is not the case!One of my dreams that greatly feed into my investing goals is to have properties that bring in cash flow but also allow me to write off my travel...
I have excellent credit and I've been getting offers from various companies to take out quite large personal loans. For example, SoFi sent me a pre-screened offer for a large loan at attractive terms. But their rules ...
Hi everyone! I own my single family residence but just sold my business and am looking to purchase an investment property. My goal is monthly cash flow. Cash I would have to commit to this is around 20k. Does anyone h...
Hello and thank you for reading and commenting on this post! My question might be a little long and there are several parts to it as well.Background:I am new to real estate investing, green as green can be, so I have ...
Happy Monday to All!My wife and I are planning to start work on a 2 family we just purchased this year, architect drawings to be complete and all. Reason for the post is we want to see if there is an existing inventor...
I am looking to purchase a STR in Maui but I have run into a few road blocks. I have been told a loan has to originate from the island and that you need to put 30% down payment on a purchase. Anybody have lending i...
Hey BP, Scenario: I am Purchasing a home with a hard money loan. We went under contract with the following assumptions:Purchase: $91,000Rehab: $64,000ARV: $215,000ARV*0.75= $161,250$161,250 - $64,000 - $91,000 = $6,25...
I am looking at a home built in 1900 for buy and hold. I would like to know, what are the dangers of buying a home that was built that old. The home looks in good condition. One thing I observed is that the steps of t...