Christopher Munn
Seller Failed to Disclose
Just recently took over a building. 22 units bought from a local owner. The inspections were done in November but because of the holidays, the financing period was extended due to the banks needing extra time to close...
Robert Baker
Buying a 6-plex for a newbie
I am new to the real estate investment game and trying to get my feet wet. I came across a 6-plex that appears to be a good deal. I am curious what to be aware of when buying a 6 unit building (6 connected townhomes...
Spencer I.
Termination Option
Is termination option money due with earnest money upon initial signing of contract, or is it only due if you terminate within the time given on the contract?
I ask because I have a realtor saying I need to turn in...
Shirin Namavar
How to choose lenders
Hi,
I am new in Real Estate investment. I am looking for a rental property and I need to borrow some money. I have some questions/concerns. What can go wrong during borrowing money from private lenders or hard money ...
Julia Taylor
Getting pre-approved for refi BEFORE writing all-cash offer?
My husband and I are first-time investors. If I am understanding the refi chapter of the BRRRR book correctly, David advises getting pre-approved for a refi BEFORE you even put a cash offer on a home. Am I understandi...
Adam Miller
Where would you start? (New Member)
Greetings BP. I have lurked for a long time, trying to absorb as much as possible. I love this website, and recently upgraded to a pro membership. I have been reading/studying for almost 7 years, but I have not been a...
Jose Guevarra
My first Lease Option Assignment deal
I've got a seller who is interested in selling his home after he retires in about 3 years. So I pitched him a lease option assignment for which he agreed. I'm doing a walk through next Monday and hope to get him und...
Aaron R
Would you assign this or just avoid a possible headache...
A man contacted me from one of my adds and here’s the deal.
He has an assigned contract from the owner for $124k...
He then has it lease optioned to a couple occupying the property with a price of $155k on the con...
Rachel Murphy
Debt-income ratio too high for loan approval
Hello everyone,I recently got in touch with a mortgage broker so he could run my numbers and tell me what I could afford to purchase. He came back and told me that my debt-income ratio is already at 58% WITHOUT consid...
AS Chow
Know A Good DST Company ?
So I've gone through the entire 1031 Exchange Forum and there are very few posts on DST Companies. I am a complete novice at the entire Real Estate game. (I inherited partial ownership in several buildings more than...