Hi BP Community! I am close to closing on my first deal and could use some advice in negotiations.  Quick context: under $100K (good for a newcomer like me, I think), cash deal, Harrisburg PA, not best area but not th...

I'm going through the closing process and my mortgage agent is giving me a quote of $750 for the appraisal. The house is 1000 sq ft on an 1/2 acre. Its priced a $102k.  Does this appraisal fee seem high. If so what ar...

I have a couple questions:1. For those who do out-of-state deals, I'm curious if you are flying out and looking at the property, or are you buying sight unseen? If you're looking at the property, are you doing this be...

Hi BP!I am in attorney review for a property that is a great deal (30% cash on cash return). BUT the seller has been doing some major renovation work (new bathrooms, plumbing, electrical) but without Chicago permits. ...

I’m looking to find recommendations on the best commercial lenders from all of you! I want to get a good idea of their requirements and underwriting before my next good deal comes up. More specifically, multifamilies/...

Well... the things you see in this business. This was a real eye-opener for me. The house has been on the market for about a month. From the pictures, it seemed priced well and was wondering why it hasn't got a de...

My wife and I are in the process of buying a reo from countrywide. We originally wrote in our offer to close the end of january, countrywide pushed it back to February 19th with their counter.

We have completed ev...

I have just started my career as a real estate agent doing apartment rentals and I was wondering if I'm doing the job right.
I show clients who seem very interested my apartments they say they like it but they want t...

I am looking for advice on screening international student tenant applicants.  I own a condo in DC near a Johns Hopkins graduate school campus and have had some interest from international students.  What are some bes...

Hello all!I am wondering about some of the specifics of 203k loans.  One thing I'd like to know in particular is this: Can a 203k loan be used to turn a distressed single family home into a multi-family property? (For...