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Hi BP community,I would like to get some feedback on when you should look for private lender/ hard money lender. Seller/ wholesaler usually ask for POF if you want to get into contract for the property. So if you want...
So we're about to make our first offer on an investment property that is a tricky-plex. It was discussed on one of the webcasts, offering optional offers such as low ball bid with no inspection or raise the bid but s...
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I'd love to hear from investors who make offers without using a real estate agent. Did you just find a basic offer contract that you fill out and submit? Any pitfalls to making offers without an agent?I have a real es...
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I still have not heard back from the bank regarding an offer I made on another property and that offer's deadline has now closed, so until then, I'm making looking to make an offer on other properties.
I just got bac...
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Hello BP Family,
Does anyone have experience with selling flips furnished? The film industry is very popular in New Orleans and most, if not all, furniture stores offer short term lease options for their floor model ...
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I'm in second lien position and property owner was attempting a short sale which was approved by bank but not all of the liens in time. We have a relief of stay for our item in the bankruptcy and will mostly likely...
How can I get around a cash only sale being a first time home buyer?
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I have found a great deal on a riverfront property that has an exceptional mobile home on the property. It is out of my comfort zone — I’ve never bought a house with wheels. But the property is just way too good, no...
I just sold my two family home in central New Jersey. I bought a single family home in roughly the same area. It’s a very popular and desirable neighborhood that warrants excellent rents or resale. My plan was to mo...
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How do you verify if the owner has included all expenditures to calculate their cap rate? Considering a 16 unit for 560k with an 8.04 cap rate. Is this considered a good cap rate?