Vera Log
Reasons why owner would like to sell the property for cash only ?
Hi community, I have what might seem like a simple question. Let's suppose a person is willing to sell a property that needs significant repair, but he is willing to sell for cash only. What might be the reasons for t...
Accario Trotter
Eager rookie needing help
Hello BP,
My name is Accario Trotter and I live in Dallas, TX. I've made the decision to jump into the real estate business and have no experience what's so ever. To be honest I don't even know where to start. I wou...
Samantha Klein
Water heater situation
I am closing tomorrow on a property with a fuel oil fired water heater from 1988. The heater is rusted at the bottom and is "on borrowed time" so I am looking to replace it with a natural gas heater. The heater is in ...
Nick M.
Estimates on taking out a load bearing wall in NJ
I'm under contract on one flip and am making an offer on a second. In the second home I'd like to open up the living room but it would require taking out a load bearing wall. It's a competitive market (multiple offers...
Kathryn Stevens
Separating utilities in condo conversion?
Hello BP community,I'm a newbie to the forum and getting back into multi-family investing after a long hiatus. The condo conversion concept is intriguing and not difficult to do here in Texas from a legal perspective....
Justin S.
Sub-Metering Questions Small Multi
I am currently looking at a 15 unit property with water being paid by the property owner. I have looked through the forums and have been unable to find a comprehensive discussion on water sub-metering costs and consid...
Chris H.
To Rehab or to Wholesale?
I have a property under contract for $160k. I estimate the rehabbed value to be at $300k+, as a fiveplex.The property is already divisioned as a fiveplex, and is in an area that is supposed to go through some major i...
Account Closed
Seller financed rental
Hello everyone! Found a FSBO on Zillow here in Louisville. Seller is willing to finance. Here are the details:ARV=$70,000 (calculated based on being listed as a 2br, but could possibly be 3 or 4 br. 1450sqft)Rehab est...
Zachary Bradigan
MHP Deal Analysis, please take a look
I have a deal from outside my area that is off-market I was hoping to get input on. It is 125 lots over 4 parks in one county priced at $2.7M. The owner will Owner Finance at 70% for 5-10 years with a 20 year amortiza...
Mark Davis
inherited a tenant from a judicial sale purchase!
My brother and i purchased a house at a judicial sale in Chester County.the house has 3 units in it. we had visited the house several times prior to the sale, knocking on the doors with no response.after the sale, i...