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Results (10,000+)
Account Closed Home sellers would no longer be forced to pay up to 6 percent commission to agents
25 March 2024 | 214 replies
Realtors are independent and set their own rates. 
Jonathan C. Losing money on turnkey property. Should I sell?
24 March 2024 | 19 replies
Hey mate,Sorry to hear about your troubles but it's not too uncommon.I've been in the turnkey biz for 10+ years now and have often been called the "bad guy" as we only sell to investors looking to purchase with cash.Many believe that because we only accept cash buyers, that we inflate the properties price which definitely isn't accurate.Quite on the contrary when looking back I feel that we under sold them lolWe can justify every one of our property prices with a CMA independent of our in-house sales.Whoever believes that financing a turnkey property makes it safe is wrong.Most turnkey providers or affiliates push the financing model (Even in today's high interest environment) to make more sales.They have "in-house" lenders or community banks that they establish relationships with and promise large volumes in loans.This in return get's rewarded with various favors and many are easily able to manipulate appraisals.Having flipped over a thousand properties, I know how easily an appraisal can be manipulated so for anything reading, "NO", financing a turnkey property doesn't necessarily make you purchase it for fair market value.To answer your question:When S#%@ hit's the fan like it did for you with this deal, I personally would always look to cut my losses and move on smarter and more experienced.Granted, over the years I have witnessed many investors buy 1-2 properties from my company and expect miracles only to get disappointed. 
Account Closed I have a few FSBO Questions
24 March 2024 | 25 replies
Agents are 1099 independent contractors and there are a lot of expenses for them so 6% might not be nearly as much as you think it is. 
Hector Valadez Out of State Investing for Californians?
25 March 2024 | 118 replies
I talk to many west-coast investors who invest with us and independently in the region, their dollar stretches a lot farther. 
Account Closed Selling My Home & Real Estate Commissions
22 March 2024 | 28 replies
If all you want is exposure, you can hire an MLS-only agent for a small fee and they will enter your listing in the MLS where it's seen by all the agents, it gets published to all the websites, etc.4.
Chris Shon Affordable Architects in Georgia
20 March 2024 | 4 replies
., Hapeville, GA 30354I've spoken to SketchHaus and an independent architect and it's averaging around $4,000 - $5,000 including the layout and plans to have approved permits.
Na Meriel Complex property transfer to LLC with private mortgage; do I need a title company
21 March 2024 | 4 replies
These entities do not appear to be set up as self-sustaining independent businesses. 
Blake McWilliams Insurance Rejection In Illinois
20 March 2024 | 6 replies
Independent?
Jacob Dionne The NEXT one......
20 March 2024 | 3 replies
Hi - a lot of people in your situation move from conventional to "DSCR Loans" for this exact reason - since its hard to scale meaningfully when needing a DTI ratio to qualify (one of the main benefits of DSCR is no DTI ratio in qualification).Check out this 10-part guide on all you need to know on DSCR Loans published on BP!
AraBella Hannum 1st time BRRRR and understanding the financing part of BRRRR
21 March 2024 | 9 replies
Hi - I published an article here on BiggerPockets on this exact topic - sharing link below, hope it helps!