Ikenna O.
Question about "unpaid balance" on a foreclosure.
I recently came across a property with over $110,000 in unpaid balance, however the foreclosure estimates was about 60,000 according to zillow.com. Is this an attractive property for investors? And who picks up the un...
Jerry Hauck
Appraisal Deposit
Can the mortgage broker keep the appraisal deposit, if I go with another lender? The appraisal has not been done yet. I gave them the deposit fee to lock the rate, but they came back and wanted 30% down instead of 25...
Robert Maclellan
Commercial Listings: $1 List Price
Has anyone come across the $1 List Price on a deal?Recent story: I have a client that has been looking for an office space for some time and finally the property that checked all boxes hit the market. I immediately re...
Damon L. Davis
Hard Money needs SDIRA Custodian to sign my deal?
I’m buying a condo using funds in my self directed IRA LLC’s account at Wells Fargo. I’m using a hard money lender to finance the deal. My operating agreement for the SDIRA clearly states my name as the manager of the...
Chris Cosmas
Lease Contingency Clause / Sales Agreement
I want to purchase a new 6 bedroom duplex in Phila . Two uniits with 3 bedrooms and 3 baths per unit.
The pro forma for the property projects top dollar in the zip code. If rentals hit the $4300 projected for
both u...
Nick Hawkins
Trying to understand a loan with a "gift of equity" down payment.
I am buying an investment property from a family member for the $125k that they owe on it. The house appraises for $160k so I'm getting a $30k gift of equity to use as a down payment.
The lender is telling me th...
Giorgios Katehis
Trying to get into REI, few questions
Hey everyone. so I heard about REI in the form of wholesaling and I really wanna learn more about it, and I've been reading guides and how-to's. I'm a 19 year old college student and I really want to start generating ...
Katrel Kelly
***Need Help*** selling property cash deal
what are some of the things I need to look out for before selling property cash? What documents or verification do I ask for from buyer to make the transaction go smoothly and professional as the seller? He sent me a...
Wade Stahle
is escrow deposit needed in purchase and sale contract?
Is an escrow deposit needed in purchase and sale contract for wholesaling? I am working through my very first wholesale deal now so I may be asking lots of questions on here.
Mo Farraj
Advice on contracts for a flipping partnership
Hi BP community,I have a deal I am looking to partner in with an investor I met at a networking event. This investor has done a few flips before but this is my first one. The deal requires me to put down about 60k in ...