Bill Mitchell
Failure to Perform - Defaulting on an REO
21 December 2014 | 4 replies
Most Realtor contracts detail in the Buyer Deposit section that the deposit is the only liquid damages entitled to the seller in the event of default.
Adam Hofmann
Have you done a deal in yet in 2014?
30 May 2014 | 31 replies
I was talking to Brandon about this the other day and said to him, "Honestly, the first blog I found on flipping real estate was the most useful because it went into so many great details about the deals!
Jason Merchey
Buying Rentals in Subdivisions...
27 January 2014 | 15 replies
The acquired building were over 100 years newer and had more modern/desirable features like central air conditioning, integral garages, and fireplaces.Another time I 1031ed property in a distant town for property much closer at hand and easier to manage, it also commanded higher rents.
Account Closed
Negotiation
22 January 2014 | 4 replies
Without having any details on the house (where it's located, what it's worth, how much it needs in repairs, etc), there's no way to know.
Thomas Swindell
Full disclosure - 1st flip complete!
22 January 2014 | 12 replies
One major regret I have was not listening to my wife in regards to some important details I overlooked at the end of the project (don’t tell my wife I admitted she was right!).
James Kandasamy
Private Money as Credit line vs. Deed of trust
21 January 2014 | 1 reply
Less headache of having to deal with having them give opinion, signing titles, etc.I of course offset that with the fact that the credit line will most likely be tied to you personally, whereas the specific deal may not as they have an asset tied to.Without knowing all the details, that's about the best opinion I can offer.Either way, doesn't sound like it's a bad problem to have.
Amy Meza
New member from NYC
24 January 2014 | 11 replies
I've actually found some reasonable (SFH) properties in Connecticut by auction, that are below $100k, and that are not in a distressed zip code.These folks on BP seem to be willing and talented to explain the finer details of real estate investing.
Andrew Vogt
To use equity or not?
23 January 2014 | 3 replies
I typically am able to achieve this with no $$ down as I get an as completed appraisal and ensure the property appraises for the $$ I need to buy and fix at 80% financed.About a year ago, I got a great deal on the MLS and was able to buy the property, fix it up and still have roughly $20k of equity in it (at 80% value- DETAILS-bought for $50k, invested $30k, appraised for $125k.
Matt R.
Buy and hold in perpetuity vs exit plan
26 February 2014 | 36 replies
They can change the rules like they did to get rid of GRITs in 1990 but the game goes on.Honestly, I think my head would explode if I had to understand all the details.
Gregory Montalto
Costs of a professional stager. Is it worth it?
26 January 2014 | 8 replies
I wouldn't suggest staging the bedrooms as it can make them appear smaller, as previously stated.I just flipped a home built in 1954 and staged it with mid-century modern styling and everyone who saw the "jewelry" loved what I did with the place.