Seth Cunningham
Would this be a good offer?? Need help with repair cost and final numbers.
I posted a few days ago, and was scatterbrained all over. Didn't get any real responses either.Well now I have seen the house, done my comps, and trying to estimate repair cost so I know if I should or shouldn't make ...
Larry Bowers
Title errors last minute, now must pay rate lock extension fee.
I love that real estate tests my problem solving abilities at each and every turn. I got thrown a curve ball this week. Before I relent and go with the flow or stand my ground and ask for compensation, I need some adv...
Reginald Silva
capital reserve requirements for underwriting
Does anyone know how much money an underwriter looks for in reserves when underwriting a loan? I am closing on a $650,000 home in 25 days. My all-in cost is $19,500 which I have currently and I am considering taking a...
Erik Dofelmier
Buy or Build Duplex
Looking for advice. We currently own about a 1/2 acre lot here in SC. Would it be better to build a duplex to rent out, or sell the land and hope to 1031 exchange if for a multi-family property if and when one comes a...
Al Turner
Funding Strategy
While knowing that commercial property is evaluated on its income making potential, I seem to have missed a step.
I am in the market to purchase a MF in Chicago and finally found a lender offering a loan at...
Pat Jackson
Does anyone agree to give their general contractor a bonus?
For work that is completed early or above satisfaction in some other manner? Automatically this doesn't seem like a great idea, and I don't think I'd do so the first few times I worked with someone.I'm trying to esta...
Danielle Spears
Can I still do this deal? Newbie Wholesaler
Hey guys, So I found a great deal on Craigslist. A fire damaged home selling for $12K. The comps around the home are $50-65K. Im thinking I can wholesale the house for $25K figuring in ARV. Not a bad deal right? I'm h...
Jessie Harrison
Consolidating Duplex to one unit or Keep as two units
New to BP and first time post. I have purchased a rental property that includes a 2,000 sqft SFH and a stacked duplex (both units are 860 sqft - top floor is a 2/2 and bottom floor is a 1/1). The bottom floor of the...
Dallas Kidd
Reasons why you should not partner with a contractor?
Happy Tuesday My BP Family. I was reading through different post and I heard a few people saying that you should never partner with a Contractor. Me being a Contractor and Investor. I toom offense to that. It kind of ...
Daniel Oluwaniyi
Buying first property during COVID
Hi BP!
So I've decided to make the jump and buy my first real estate property. Since its my first property, I naturally have blindspots and I'd thought I'll reach out to the community for help. Found this property th...