Dave Smith
Understanding the numbers of the deal - when using HELOC
This is a cash buy from a seller. He is motivated, and the numbers look good, but I can't get my head around the impact of using my HELOC. Also need to understand the Quit Claim deed. Purpose is rental for eventual...
Account Closed
Novice - Flip First Home/Primary Residence, or Buy side property?
Novice here, looking for investment property (no rentals) w/in 6-10 months.Areas of interest in Central NY - West, South, and North-West of Syracuse, and East side Auburn.Question:First time home owner; to buy first f...
Kyle Grimm
Sub-metering Mobile Home Park
Hello all, I am currently negotiating a price on a small 22 space park in Illinois that currently has one water bill sent to the owner. The bill is around 10,000 a year and I am starting to look into having this sub-...
Adam Craig
Wanna be out of town investor but should I start local?
So I am self employed with an internet eCommerce business - I averaged around 15K a month profit in 2011 and 2012 looking much stronger - I am very fortunate.
All I am doing is socking away every penny so I can real...
Katrina P.
Should I buy this property?
Hi guys,So I am analyzing a 6-unit. Please let me know your thoughts. Personally, I'm not crazy about it. Details below:Purchase Price: $124,900Contains (5) 2-bedrooms and (1) 1 bedroomRents: $3,490 totally rented...
Rita Lo
How to organize finances when renting property
Hi,
Just starting out as a landlord (with a single property), and wondering what the best way to set up finances is. I currently operate out of my personal bank account, but was told it's a good option to set up a se...
Matt B.
Long distance Rehabbing & Flipping
Has anyone purchased and flipped/rehabbed a place that you've never been to in person (i.e. out of state or country)? I'm currently out of the country, but I don't want that to stop me. Would just like some input on w...
Ryan Dossey
First deal closed this morning!
Alright guys I wanted to share with you about our first deal! We used @Jerry Puckett and did a mail drop of 1k yellow letters to high equity home owners. Given the fact that my business partner and I both work full ti...
Kuan Jengniang
Newbie from Charlotte, NC
Hello Everyone,
My name is Kuan Jengniang. Briefly about myself to break the ice… I graduated in finance/economics. Currently working full time as Investment Accountant in Private Equity. Several months ago I...
Franky Juwana
Should I do this flip? if not, why not?
Hi all, I have the opportunity to purchase this flip, Considering there's no lean against the property, I would do this flip with this calculation, it's owned by Real Estate Broker, Asking Price $216KEstatimate Reh...