David Coombes
2% v. 50% Rules in Saint Louis
Today For the last several months I've been analyzing properties listed for sale in the Tower Grove and select South City areas of Saint Louis to buy and hold. Very few are meeting the 2% rule though some pass using t...
Levertis Brock
What is the penalty for backing out of a seller finance deal?
I backed out of a seller finance deal after the contingency’s expired what am I on the hook for?? I’am being told from the law firm that was handling it that I have to pay the paperwork fee a title fee and pay for a r...
Lacey S.
Lots of inquiries, shows, no lease
My husband and I recently bought our first house to rent, it was a big step taken after much research and thanks in part to what I have learned from BP!I've been marketing it for several weeks (posting a few times a d...
Mike Lynch
Real Estate Commission Question
Hi,If I am selling a home for around $350,000, the standard commission around here is 6%. Do you bite the bullet all pay that or do you maybe negotiate and give the listing agent less. I am not trying to be greedy, bu...
VinothKumar Ganapathy
Newbie and dipping my toes
I am new here and buying my first property in Atlanta north suburbs. It’s a new construction worth about 250k single family.I know most would never recommend this idea but for me I have kept hard cash in my bank accou...
Mark Davis
Negotiating REO Properties
I've never invested in an REO. I wonder how willing banks are to negotiate their prices when it comes to their REO listings?
Michael Klinger
Who can boil down the speediest eviction scenario in Cincinnati?
Who can boil down the speediest eviction scenario in Cincinnati (Hamilton County, Ohio)?I am in my 6th month of owning three multi-family properties in Cincinnati (64 units total). Due to distance in the area, 1/3 of ...
Veronica Mackey
Training to Buy/Sell Notes
'I'm interested in learning how to buy/sell mortgage notes. Can you recommend a training program/network that helps people get started. I can only invest a couple hundred right now.'.
James Wise
Agents have you changed brokerages recently? If so why?
Just read the below article and I would like to hear from agents who have recently changed brokerages or are thinking about changing brokerages. If you have changed or are thinking about changing what is your reason f...
Justin B.
Is the REO/Rental market about to collapse?
The primary, if not only, reason there has been a brief spike in subsidized demand for housing in recent months (2012), has been the GSE/FHFA endorsed REO-To-Rental plan, and associated securitization condui...