Mstee Hill
Clarification on Seller Financing
31 May 2018 | 4 replies
If you have an inspection done and it uncovers a repair that you hadn't factored into your purchase price you could ask the seller to fix it or lower your offer price and the seller would have the opportunity to agree with it or cancel the contract.
James G.
Suggestions for capital allocation?
1 March 2012 | 18 replies
Only working the numbers on each investment properly will uncover your gains.
Sean Laney
Ready to go NEXT LEVEL! Need Strategic advice
10 April 2022 | 3 replies
But through research and leveraging contacts its possible to uncover
Jason Aycock
How Do I Protect my Deal?
30 March 2014 | 21 replies
If I uncover a big deal that's beyond my personal financial capability, what are some specific, safe, legal, and minimal-cost tactics to use against the seller/owner to secure my deal while I investor/partner shop?
Shardae Robinson
Our First Deal!!!! SFR Buy & Hold
8 August 2019 | 2 replies
The biggest challenge with this deal was due diligence in uncovering an potential unknowns (liens on property, etc.)
George P.
#25 was purchased today
27 January 2017 | 8 replies
this one actually came a few weeks ago. it's an interesting story.i was on vacation with my son in florida while my wife stayed back during the xmas holiday to rent out 3 houses. we had just fired our agent who we used to just list and show the houses on the MLS.anyway, while i was in florida i saw a 2k sq ft house in livonia that had an in-ground pool. the house showed super rough and the pics were terrible. it was listed for 189.9ki texted my wife and said "go and buy this house". she called the agent and he said "been on the market for 3 weeks, no calls. has 5 bedrooms".we had been looking for a long time for a larger home for us and she jumped at the chance to see it. it ACTUALLY Has 6 bedrooms, not 5. the listing was wrong.i offered 100k, no inspections. they came back at 132. we settled on 122k, pulled a loan so that we could preserve the rest of the cash for the future purchases. closed 4 weeks later (mid february)ARV on this house is close to 230k.I knew i could not start working on this house until about June. i also knew that it would take about 30-40k to fix it how i want it fixed for us to move in there, so that meant we could move there in august.2 weeks ago we went out to dinner and while driving i had an epiphany. i told my wife, "we will rent this house AS IS, no updates besides filling in the pool for $1,300. rent it for 1 yr, while the MLS dries up". this house updated could rent for $1,800-$2,100 per month.she texted immediately tenants in #4 and offered to them to move in this large house since they need the extra room. they signed a 2 yr lease last week and they are ECSTATIC.I will rent #4 and increase the rent from $1,100 to $1,300 since they have been there for 4 yrs.the tenants already resurfaced the floors at #25, will put pergo in the living room and change carpet upstairs. here's the pool - all 41k gallons of it. 2" pump is about to pump it out.here it is uncovered, pumping away.here is my concrete guy who is filling this pit as i type.the moral of the story.... just have multiple options. and be patient. is it nice to have a huge house so that you can spend 10s of thousands to fill it up with furniture?
Ben Sears
Countering "Best and Highest" Offer
20 July 2018 | 9 replies
Obviously, the one contingency you never give away is inspection, because who knows that will uncover, but we can think creatively of other things.We won on an SFR here in the LA area, despite not having the highest offer.
Erica McCullers
Addendum to contract during inspection period
12 January 2021 | 3 replies
Well I uncovered more issues after the addendum so decided to back out during the inspection period.
Rudy Curtler
Starting Out...a 12 step plan to get moving!
21 October 2018 | 0 replies
Due diligence just means to make sure you ask alot of questions to uncover potential pitfalls in the investment.
William S.
Help with changing approach or should I cut and run?
27 August 2020 | 2 replies
The building inspection uncovered that the new house foundation is just sitting on top of the old one without any stabilizing measures.The crawlspace was largely inaccessible to the inspectors, but what they saw was mold/moisture issues.