Joseph Hernandez
What does a wholesaling Memorandum Protect
What are all the protections for the wholesaler using a Memorandum? What should I state in the contract in order to protect me from the seller canceling the purchase and sale agreement?
Amanda Smith
What can you ask seller in terms of property repairs?
I have an accepted offer on a duplex. When doing the inspection the tenant said not long ago there was water in the basement up to her ankles but was fixed recently. Nothing about this was mentioned in the condition r...
Account Closed
Concession Limitations
I am under contract to buy a rental and I've been having a heck of time with lenders. I'm curious if anyone has run across an issue with "concessions" paid by the seller. My initial offer was $85,000 and the seller ...
Mikhael Brown
Seller Financing Taxes
Hey guys. I am negotiating a seller financing deal with a property owner,who inherited a home after his mothers passing. House has no mortgage. He likes the idea of seller fiancing but in not sure how it will be taxe...
Qass Singh
Proof of funds / pre approval letter
What is the standard protocol for showing proof of funds? Is that the same as a pre approval letter. Or can the proof of funds document be more informal. Some sellers demand proof of funds in order to show rent r...
Eric Stalter
Buying a Duplex But Need to Evict 1 Tenant
Tenant has a current lease agreement with seller and the rent is low at $600/month. We need to makeover each unit, spruce up the exterior, and increase rent to around $825 - $925. We technically wouldn't take possessi...
Jose Castillo
Seller owes HOA fees (Negotiable?)
A Seller owes 8k in HOA fees, is there anyway that I can negotiate that so I can purchase the property at a better price?
Derek Luttrell
Seller Misses Inspection Response Deadline
Hi All,I am under contract on what would be 8th rental, but have run into something new. After going under contract, I had my usual inspection done, and then submitted formal repair requests to the seller. The respons...
Henry Lazerow
It is much easier for real estate to increase in price then fall
First off I personally would love to see prices fall as am an investor myself and work majority with BP investor buyers who want easy to cashflow deals, lower prices would boost my sales numbers. I have many clients w...
Nate Paul
Deal Contingent on Tenant Eviction
Hello BP community,
First time poster here. I’ve been a listener of the podcast on and off for a few years. My finances are in order now and I’m finally ready to buy (goal: house hack my first deal).
I found a deal ...