Lataw Bawknaw
BRRR. Will it cash flow..? or....
3 February 2024 | 11 replies
-319,000 listed -40,000 rehab -450,000 to 470,000 ARV-2,500 rent - 4525 tax- above 800 credit score
Daniel Allen
Double Closing- End buyer has conventional loan
2 February 2024 | 3 replies
I ALWAYS tell the wholesaler to make sure they are transparent with the end buyer and their lender because MANY times if they aren't transparent about the double closing then the underwriter will catch it last minute and bring up the fact that the current deed holder isn't the wholesaler and that will kill the deal many time.There are some underwriters that don't catch it and things go smoothly.Then there are some conventional lenders that aren't familiar with the process and think it's fraud and won't lend on it.So sometimes I inform the wholesaler to let the end buyer go direct with the seller, do a single closing, Increase the purchase price by the amount of the wholesalers spread and put the fee on the SELLERS side of the HUD because the lender WILL NOT pay for the wholesalers fee, but if it's wrapped into the initial AB contract (now between the seller and end buyer) then the wholesalers spread isn't brought up, it's merely a line item on the SELLERS side HUD and nothing to do with the conventional lender and it will close "100%" of the time because it's a normal ordinary closing to that lender then.
Susan Kelley
Seller Financing Reneged One Hour Before Closing
3 February 2024 | 18 replies
I've already urged the listing Broker and agents to educate Seller as to the benefits of pmm... higher sales price, ultimately more money from interest payments, relief from liability and dealing with awkward leases, putting an end to nearly 2 years of marketing, etc.
Susie C.
STR Friendlier Cities?
31 January 2024 | 20 replies
Seriously, though, one of my bucket list items is to have an STR near Notre Dame and another near Lambeau Field ; )
Siyi Tang
Creative strategies for house hacking
3 February 2024 | 24 replies
If you search "ADU", "in-law", "separate entrance", etc. it will find all MLS listing descriptions that have that language provided by the listing agent.
Gil Segev
Investing without cashflow - Austin MTR
3 February 2024 | 60 replies
I am looking at several 3/2 ~1400sqf properties requiring minimal rehab that are listed between 420-450k.
Andrew B.
Cleveland, OH CPA for New Investor
3 February 2024 | 14 replies
I'm not allowed to promote meetups here, but you can click thru to the BiggerPockets event listing, which will provide details if you're interested. https://www.biggerpockets.com/...
John Burgundy
Automate Screening Tenants Software
3 February 2024 | 1 reply
Hey everyone,Im fairly new to the real estate game, and I'm currently exploring tools to streamline my tenant screening process for a property I have listed for rent.
Brendan Connolly
Bunk Beds or No Bunk Beds?
3 February 2024 | 14 replies
However, be careful, if you have landlord or STR insurance they may require proof that it's bolted to the wall, and if you advertise it in your listing, they WILL find it :)
Elissa Krapp
List of questions to ask HOA in So.
31 January 2024 | 17 replies
I don't have a list for you but the most important thing to look at is their financials and rules/regulations.