We have a house under contract for $76K. End buyer wants to buy it for $96K. It appraises for $135K. End buyer is going to put $5K into rehab and intends to owner occupy. His credit score is 750. He was using a mortg...
Hi all,
I'm in the process of doing a deal involving a condo conversion with another investor. I found the multifamily unit and will be responsible for doing the conversion legwork, while he will supply the credit ra...
Hi everyone,
I am yet another longtime lurker, first time poster on the Bigger Pockets forums. (If LTLFTP isn't an official BP recognized acronym, it should be.) Besides the wealth of information containe...
I acquired a house in September 2010. I evicted the previous owner in December 2010. I paid the eviction costs in January 2011. I listed the house for sale in March 2011. I expect to sell the house in 2012.
The house...
My name is Kamau Kenyatta. My experience in real
estate includes 1 flip and owned a 4 unit rental apartment.
Did the flip years back when the ballon was blowing up.
Bought the 4 unit apartment bui...
Hi all,
please help me evaluate this deal. Legal 2 family with 3 electrial meters and "maid's quorters" in the backyard. It's a bank REO.
Asking price - $349,999.
Cost of repairs - $25K - $30K
My offer price - $230...
I'm looking at purchasing a property that is in need of work. I'm able to purchase the property and believe the house itself will pay the bills and also have a couple hundred in cash flow.It comes with a hand built ca...
As the days get shorter and the weather gets steadily colder, homeowners across the country will see their power bills increase dramatically. Heating and lighting your real estate investment through the late fall and ...
Hey South Florida people! Just trying to gather some thoughts and figured I wouldn't be the only one with this question on my mind so here it goes..I have two deals under my belt and my feel/opinion lately, compared t...
Hello,I'm looking to make my first purchase for an investment property. I live in the California Bay Area where home prices are exorbitantly high, making the risk higher than I am willing to take at this point. My goa...