All Forum Posts by: Kevin L.

Can any experienced property flipper share some experience on how to reduce transaction cost? (settlement... ... ...)

Thank you for your input

I was once told that "buy properties within riding distance", riding bicycle. :-)

"I don't really care about 700". Why BP doesn't allow you to edit your post???

I moved on long time ago. It just happened that I was sorting the previous document and found that bounced check. I doesn't really care about 700, but that guy's attitude and behavior really pissed me off. That's why I really want to put something on his damn credit.

Thanks for all your input.

I had a tenant who owned me $700 quite a few years back. (A bounced check, still have it).

I had tried find a collection agent do the job for me but they didn't take it due to the small amount of claim.

Am I able to put this on his credit report myself?

Thank you!

Yes, just for the sake of calculation. If house here appreciates 3%/yr, I consider it good. However, you are just offseting the inflation with entire equity locked in the real estate.

Which to me, is not a great investment.

thank you for all your input!

Hi, everyone,

I live in Northern Virginia, the house prices here isn't low. I estimate the return on investment property is about 5-7% (assuming you buy house using cash at a fair market value and consider no vacancy and assume house doesn't appreciate). I do not think it is impressive. I am thinking buying somewhere else that can offer higher return, but the big question is "WHERE???". I don't mind let property management company takes 7-10% of rental as long as it can offer more attractive return. Any thoughts?

Thank you for your input.

Could you please define "Shlt"?

Could you please define "****"?