Jacob Dimick
Underwriter denied loan 1 week before closing
So I was a week out before closing on 2 unit in South Portland and the underwriter denied my loan. First of all I feel like the bank I used should have never had me pay for an appraisal if the suspected my loan wit...
William C.
Creative ideas: Pursuit of off-market forever home mixed with our rental portfolio
I have had success bringing complex situations to the creative folks of BP and letting you all do your thing... so going back to the well again.There is an area of our town that we would like to purchase our forever h...
DeQuann Johnson
First wholesale deal
hi im looking foward to getting started and finding my first wholesale deal within the next 45 days what steps should i take to make this happen
Andy R.
Going half on a deal with someone that's married
Hello all,
After buying my first rental, I was approached by another investor that's interested in purchasing a buy & hold with me. The idea is for each of us to put half of the down payment.
Being that she is ...
Clayton Bradley
Loan for the full appraised value in order to exercise a lease purchase option
Hello all,My apologies for the long title of this post. Hopefully I can explain it in a way that makes sense. My partners and I are currently sub-leasing a property that we have on a 4-year lease term. The lease inclu...
Justin C.
My closing costs seem waaaay too high, thoughts?
Hi guys,I'm closing on my first property this Friday and just received the closing costs form. Purchase price $17500 in cash- $105 Title search- $100 city engineer fee- $500 attorney fee- $125 agreement papers- $75...
Kelvin Letron Brantley
Cut Out The Middle Man (Me)
As it relates to flipping, how do I protect myself from a buyer who may want to cut me out of the deal so that he/she can take over the property for a lower price? I heard of stories where the buyer waits until the i...
Helen Falk
back out clause in the escrow agreement
Hello all, I am making my first home purchase (a bit of a fixer upper) and would like to include a clause in the escrow agreement that allows me to back out (while recovering my earnest money) if the inspection finds ...
Larry B Hurt
Selling a property that I bought to help a friend
I have a friend who had been in a rent-to-own agreement for 3 years. He had built quite a bit of potential equity, due to part of his rent applying to the purchase and due to the house rising in value. His option wa...
Ames Kay
Should I "sell" my primary residence (soon to be rental) to LLC?
I just discovered his site, and what a helpful site it is!I've seen similar questions answered, but I've got a little twist to my story, so I hope someone could help provide some insight.My parents have been living in...