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Results (10,000+)
Peter Shah Buy or Hold?
28 April 2024 | 3 replies
Just hold and enjoy the 200k success story!
Raj Patel Cash out Refi
28 April 2024 | 9 replies
So still planning my next move with the expectation that I start this process around May 2nd week.
Troy W. Hudson New to REI at age 60
29 April 2024 | 10 replies
We suddenly had 2 homes and began exploring what our options were and that is when we discovered the intriguing world of REI and tapped into Bigger Pockets and Better Life Tribe, etc. to begin our education.In the time since his death and the probate process we have been paying his mortgage off and selling items from the home which we have been maintaining.
Ben M. Closing costs in a wholesale transaction
28 April 2024 | 13 replies
In a wholesale transaction the seller is in some kind of financial trouble which the wholesaler is helping to resolve.You have two options an assignment or a double closing:I haven't done an assignment myself so not sure completely of the process, but in a double closing there is already a contract with the seller and the wholesaler who is fixing the liens on the title, when that is resolved there is a closing date where the wholesaler execute the contract with the seller and you execute the contract with the wholesaler.In general the closing cost in these type of transactions are covered by the buyer which it could be around 3.5% and it does not include sales agent fees.There is one thing that I didn't understand, it seems that the hard money lender is in charge of the transaction.
Marco Werner Add value through ADU conversion
28 April 2024 | 5 replies
Due to item 1, adding an ADU can require years to start achieving any return (once the accumulated cash flow recovers the initial negative position).4) Adding an ADU is a slow process.
Frank Barletta Why I'd focus on Fix and Flip, not renting in Toledo, OH
29 April 2024 | 31 replies
But this is Potato, "Potato" talk.Could happen or like in your case, one can build a large and successful portfolio and do really well.Hat's off to you and well done mateA great way to think about real estate and business in general is protecting the bottom line first and foremost and looking at things from a worst case scenario standpoint.All good things take time.Appreciate you mate and I've heard great things about you.To your success
Michael Caldwell Property Tax on a Seller Financed Deal
28 April 2024 | 4 replies
For this reason many states will treat installment sales contracts as mortgages and require a foreclosure process.
Dominique Guinnane Interest Rate Buydown vs. Sales Price Reduction
29 April 2024 | 23 replies
If the buyer doesn't need the concessions then maybe a reduction might be more appropriate but some of these details are to be worked out in the negotiation process.2.
Khan Hosey Insuring a house hack
27 April 2024 | 4 replies
Even a request for people being successfully sued is unlikely to get a result, especially one that exceeded regular insurance coverage. 
Brandon Chung College Student in Cleveland Excited to Learn about REI
28 April 2024 | 15 replies
Congratulations and I can already tell you will have tons of success