
25 January 2014 | 16 replies
I just received a accepted contract on my first flip, in St.

24 January 2014 | 6 replies
They are demanding, but we have a GREAT team, and that is who you should look to work with, as 1 single agent cannot take care of Investors as well as buyers, sellers, listings and social media.

26 January 2014 | 6 replies
The seller says he won't accept $60,000 but he will take $61,000.

24 January 2014 | 3 replies
Here's my situation:I have been working with a commercial broker for the last two years to find a good MFP, found it, got my offer accepted at 1,365,000.I have a good relationship with a bank, have the lending commitment, have a good relationship with PM, have their commitment to manage the property.Downpayment will be 275,000 and I had initially planned on doing this myself, but now thinking about partnering with one other person.

24 January 2014 | 7 replies
If you buy from some owner and then flip it for a significant profit, the issue of your greater knowledge comes into play and, depending on your relationship, flipping a contract can be considered a net listing issue, having a seller agree to accept a certain price with you taking all the profits above that price.Next, is the broker liability, if you are out there doing flim-flam investor strategies the risk of deals going south goes up, if you tick off some owner in doing a screwy deal your broker can be held liable.Barring that and other smaller issues, like marketing, co-broker arrangements, commission credits on deals with owing the broker a % of the credit being ironed out, no broker can really keep you from owning real estate.

26 January 2014 | 3 replies
(over 20 pounds)We are researching a mobile home park that has 4 - 5 large dogs.Will some insurance companies accept large dogs or do I need to plan to evict 5 tenants as soon as I close on the property?

25 January 2014 | 5 replies
My partner says at this point we should run the comps, get an estimate, and email the seller an intent to buy, and see if he accepts.

25 January 2014 | 4 replies
I am friends with multiple attorneys, my neighbor is an escrow officer (who did our personal home's refi at rock bottom costs), we have a terrific realtor, and my father owns a major home inspection company (www.homecert.com <--hopefully posting links is acceptable).

24 January 2014 | 11 replies
Usually the process goes something like: 1) Buyer completes an Offer to Purchase form and sends it to the Seller's agent with an Earnest Money Check; 2) Seller can reject the offer, counter the offer (meaning change some of the terms in the buyer's original offer), or accept the offer by signing the contract 3) The seller's agent then communicates the rejection, counter or acceptance to the buyer (or the buyer's agent).

24 January 2014 | 4 replies
How can I get the bank to accept an offer in the 350K range?