All Forum Posts by: Harry Harrell

Just wondering if a Discord channel was ever created for Bigger Pockets. I saw that it was brought up in  another post, but nothing ever came of it. I think it's a phenomenal way for people to get quick help and maybe make some connections.

Thanks, guys! Your insight will certainly help guide my research and decision!

How's it going, BP people?

I'm looking into a website or software to use for the back end of our rental business. We're still in the early stages with only 2 tenants, but I want to be ready to scale up when the time comes.

I've taken a brief look at Cozy, Buildium, and Rent Manager. What do you all use and why? Did you stick to a single one, or move from one to another as your portfolio grew?

Thanks in advance!

Harry Harrell

Frank - 2k for EMD. We know we are up against cash investors. We were/are trying to make our offer as appealing as possible to stand against that.

Hi Kim, thanks for your response. I think they are trying to get the owners to sign quit claim deeds so it may be the bank selling it. They are accepting financing but they are asking us if we would remove that contingency. 

I've looked on Zillow at homes in the neighborhood and most seem to sell between $240-280 (depending how desperate the owners are I'd wager). Our offer is for $220, we aren't asking for closing costs or repairs (as we know the condition of the house). The carpets are in terrible shape and will need to be replaced but I'm not sure and appraiser would cut 20k for that...
 

Need advise - We found a house we were interested in as a primary residence purchased via conventional loan. The prior owners filed bankruptcy and offers are being reviewed by a lawyer. The house is on the market well below what other homes in the neighborhood are selling/listing for. The home is in ok shape, a lot of the previous owners belongings are still in there and it needs to be emptied and cleaned out. Carpet on stairs and in the upstairs rooms are heavily stained and need replacing. Walls also need to be painted. We offered above asking, but still relatively below what ARV's are for the area. The seller agent is asking us if we would consider removing the Appraisal contingency.

My question is this, under what circumstances would you consider waiving an appraisal contingency? If anyone has experience with bankruptcy listings, is this normal? Thanks in advance.

Hi all,

We (husband and wife duo) are looking for conventional mortgage lenders in the atlanta metro area for an investment property. We are specifically looking in Cobb county at this time. If you know anyone or are one please comment contact info. We have questions about the process and are looking to purchase a rental.

Thanks!