Michael Lerch
Contract Question: Paying backtaxes for seller
I have a motivated seller that owes around $10,000 in property taxes. I offered to pay the taxes + $13,000 for the home. I called the title agency and they said they can take care of this at closing.
Do I make the p...
Cindy Veit
Recent flip near Fayetteville, NC - $23,500 in 85 days
Here are some before and after pictures of a home I did earlier this year. This property is located right near Fayetteville, NC. I bought this deal off of a friend of mine who started on this project but never finishe...
Chris Calabrese
How to set up profit-share between investor and contractor?
I'm trying to get a REO under contract, cash purchase. I have a good contractor that will do all the rehab, and in return I will split the profit with him (not sure on the % yet). What's the best way to set this up ...
Vikram C.
Unsecured business loan
I need some help with figuring out the appropriate interest rate on an unsecured business loan for flipping.
For a secured business loan from a hard money lender, it seems the going rate is around 18% per year with...
Chris Tom
Question about a short sale, 203k loan and what a RE agent told .
Good morning all. Me and my wife and currently looking for homes In the ny/longisland area. We have seen some that are short sale and wanted to bid on one. Being that it's a short sale there was really no kitchen we n...
Emiton Alves
Solar for Multifamilies in Rhode Island
Hello everyone,
I am an investor who focuses on multi families (particularly 5 units and under) in Rhode Island. I've recently been looking into the various solar electricity options available to investors in Rhode ...
Tiffany S.
Downsides to obtaining RE License?
I've heard on numerous occasions that there are downsides to obtaining your RE license and being an Investor. I have still not been able to figure out what these downsides are. I mean obviously the cost to get the the...
Christie Duffy
Help analyzing a deal
Hi all -- I'm considering a deal in northern new jersey and it's my first multifamily investment so I'm looking for some help.List price --- $320,000Est. rehab costs --- $100,000Taxes --- $9,500/yrMonthly Rental Inco...
Alexander Johnosn
I have to move to another city. What to do with house????
Hey guys,So I have this house I live at/own located in Tallahassee that is appraised at $105k. I owe $70k on it. I need to move to Orlando for job reasons, and I need some advice. I will be buying and living in a hou...
Michael DeHaan
More Efficient Tenant Turnover
Hi Bigger Pockets!
I am just curious what processes/tips some of you landlords might have to be more efficient with Tenant Move In/Move Out? Not only that but do you have tips for avoiding conflict after Move Out as ...