Cody Dover
Underwriting 16 units (four 4plex's)
I'm underwriting a deal right now, trying to determine a generic rule of thumb people use for expenses. The deal includes: - Four 4-plex's totaling 16 units- 100% occupied (although I like running my numbers at 89%)- ...
James Danchus
Can You Wholesale off the MLS?
BP,Quick question: Is it possible to wholesale deals off the MLS? I got the idea from listening to a few podcast this last week. I have been looking at a few properties in my area that have been on the MLS for at leas...
Shawn Torsitano
Sometimes It's Right Under Your Nose - Flip Analysis Help
Hello Everyone!I moved into a new area a few months ago, into a standard little neighborhood for my area. Whole bunch of 3/2, ~1,400 sqft houses, built in 1977/1978. Today, while the wife and I were doing misc. work o...
Tiffany Griggs
Decent at analyzing deals, but need market help!
Hello,My husband and I are new to real estate investing and haven't done our first deal as of yet. We have committed to analyzing 5 deals a week and have been committed to this for more than 5 months. I think we hav...
Rao V.
How to decide if it is cosmetic vs full Rehab
Hi,How do you decide if a flip is cosmetic vs fuill rehab. Is it the age of the house. the condition of plumbing/electrical? What do you factor in?I would rather do cosmetic but I want to make sure the project only ne...
Larry Turowski
Why zero profile views?
Okay, I'm not being narcissistic. I'm just curious. On the forum stats on the dashboard, there is a chart that shows posts, votes, and profile views. The latter is always zero. While I have no way of knowing if th...
Andrew Ortego
Modified Short Sale Strategy
As of now, my strategy consists of searching Lafayette, and its adjacent parish's, sheriff sales, sorting for properties by zip code, and heading to the clerk of courts office to check for liens and any useful mortgag...
Herlando Y.
First House
Hello BP,I am in central jersey and trying to acquire my first property. Property is built 1970's. It is very clean inside and the electrical and plumbing all seems to work. No mold in sight and structurally sound. T...
Andrew G.
Need advice regarding Tenant Request
I purchased a three unit place a year and three months ago, today the tenant in one unit complained that the carpet in the bedroom was soaked with water from the toilet two years ago and wants the carpet replaced.
Sh...
Shon I.
Short sale after signed contract
I am trying to buy a house in SC as a primary residence. I had a ratified contract with the seller through my realtor but the seller after the fact decided the house had to go to short sale. It has been 4 months and o...