Dale Graham
Rent by Room Question (Student Rentals)
So I listened to BP real estate podcast last week with Todd Baldwin, and how he rents by room because of how high his market is.I also live in a fairly high market (south Florida) and am planning to do the same thing ...
Emma Hopegood
SOS need first Investment Property Advice
I have been eager to make my first real estate investment for about a year. I’ve read plenty of book, and it seems like the last thing to do, is to just do it. I moved to NYC last September and started working and liv...
Roxxy Marshall
Contracts
What are some contingencies and exit clauses to include in my PS and assignment contract to protect myself? I am looking to create them myself then take it to an attorney in my state (Delaware) to review. Can someone ...
Danny O'Bannon
Am I calculating my costs right?- Rehab
Here's the numbers for my flip I just picked up:
Purchase: $58,000
ARV: $118,000
Profit: $32,000
Does this look realistic. I am basing the rehab off the following cost with an Estimated hold...
C Niman
Do I need a title search for property bought at estate auction?
I just bought a property at an estate auction. The Agreement of Sale reads: "Title shall be good and marketable, and free and clear of all liens and encumbrances, except such utility and access right of-ways as may...
Anthony Gayden
My Second 4 Plex (owner occupied)
Here we go. I have this property under contract, and just had the inspection today. I plan on moving into one of the units and living for free. I ran all of the numbers as though I wasn't living there to give me an...
Vincent D.
Home Runs or Steady, Ever-Growing Revenue?
Newbies on the "fringe" often hear about real estate investing through sources which churn up emotional enthusiasm over the thought of "quick", "easy", and/or "huge" profits. In truth, very few ever have the "home ru...
Justin Morris
Is this a great deal?
Deal break down,
3BR/1BA
1564 SQFT
Built 1930
Asking Price: 49k(can probably get them down to 46K)
Closing Costs: 1k
HOI+Taxes:$400 a month
Rehab Costs: 5K(basically paint, could upgrade appliances and carpet)
Tota...
Douglass Belt
When is it cost effective to have a Property Manager?
Is there a "general rule" for the number of units where it makes sense financially, to use a Property Manager (PM)? For instance, 5+ units use a PM? I am looking into making the move from a SFH to a Fourplex. I und...
Peggy Liu
Trying to refinance but keep getting declined
Here's my situation.. I have a 1/1 condo out in Austin that I am trying to refinance with cashout to renovate my unit. If I can renovate, I can get a higher rental income, thus cashflow.
I have a first mortg...