Jeremy Williams
What deals have you picked up with conventional financing?
In looking around on BP paying cash is a great way to find deals, but I'll be sticking with conventional financing for my first property until I can save up enough or find a partner.
Doing a bit of research I...
Stacie Katori
203k loan question. Requirements for renovations. Is there a list
Hi, are there specific requirements as far as the 203k loan renovation is concerned? For example, if you purchase a 4 unit property, do all units need to be renovated with the loan? Or am I able to renovate 1 or 2 now...
Lisa Simpkins
Leasing Company - Terms and liability
We recently leased a home to allow us some time to find land and build a new house. This is not my first rodeo in rentals, private landlord, and leasing company. When we moved in the previous renters left a ton of de...
Mariama R.
Seller's disclosure - when the seller does not disclose some info
Should it send off alarm bells to a potential investor not to buy a property if the seller claims that he/she does not know the age of the roof, does not know if the roof has ever been replaced, does not disclose the ...
Steve S.
How much should I invest in improving a rental before leading?
As some of you may recall, I'm buying the house I grew up in as my first rental property.
My parents have taken good care of it but it's a 38 year old house. They've been empty nesting for about 12 years.
That sa...
Ted Jackson
First investment property
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $27,000
Cash invested: $3,500
Purchased in 2015 and held until now. Decided to sell in current market. Closing 11/3...
Daniel Loane
Legal risks - Rehab performed through power of attorney and not invoiced to the owner
Hi all,I am trying to buy a property before it's foreclosure auction scheduled in a few weeks. The lawful owner got into business with a crew of non-trustworthy people by assigning them Power Of Attorney. They have mu...
Marquez Cadet
Estimating Reno Costs
For the following scenarios, what cost per square foot are you using to estimate the renovation costs of a wholesale property in Colorado Springs, CO?* Light Renovation* Cosmetic Rehab* Gut Rehab
Onika Constant
Houses older than 1950
Hi Everyone, I live in the DC metro area where the price of houses are a bit steep. I have been looking at some properties in a college town over a 100 miles away from my home. The properties that...
Kyle Brodwater
Asking all Appraisers!
Hi everyone! - I’m trying to find out the best way to go about getting the highest appraisal I can for my property...like most of us. Is saying something to the appraiser like “ Hi, here are my before and after pics,...