John Schnyderite
First Time Buying REO
My fiancee and I put an offer in on a Fannie Mae REO. She would be a first time home buyer and we would use this as our primary residence.
At 3 weeks on the market we offered 335K on home needing major repair, pric...
Stephanie Simmons
Hard Money Lenders provide a "Pre-Approval"
I am about 2 weeks away from listing my first flip for sale. It took me 4 months to obtain it - so I am starting now to look at properties (I am investing in a different area). I am also looking to refinance my pers...
Bienes Raices
Making lower offer on approved short sale
I've been told that once an MLS short sale has been approved, you can make an offer slightly lower (maybe a few thousand) than the approved price and it will still go through relatively quickly (as opposed to an unapp...
Nat C.
Any tricks for winning on the MLS?
When you're in a very hot property market, properties get multiple offers and the LA calls for highest and best.
I've been submitting several offers a week and have not had any luck.
Mostly I've been offering a few gr...
Joey DeFilippo
Did I overprice my flip and now what? MLS Price change?
MLS list date was April 3rd with no showing until first open house which was Sunday 6th.
80+ turnout at the OH, but no offers, a couple follow-up showings (2) after the OH, but nothing solid. Also, very few...
Bryan L.
Offer accepted verbally - nothing in writing!
Looking for advice on an REO property. I made a cash offer that was not accepted...a couple weeks later they made a counter close to my offer and I accepted. They required new paperwork and a new letter from my bank...
Sean Dezoysa
How long are your offers valid for?
24 hours? A full week? Something else? How long are your offers valid for and why did you choose that length?
Chris Wang
How investers usually check mortgage rate?
Hi BP,
I'm a new joiner recently from <the book on rental property investing>, I'm glad I can find a great forum to discuss property investment.I do have a question about how investors usually check today's/thi...
Derek T.
What's the Most Offers You've Gotten on a Flip
I currently have a flip on the market with 4 offers on it (all FHA so I'm trying to get them to switch before we accept one). I don't think I've ever had more than 4-5 offers on a property. I would like to think I d...
Jeff S.
Understanding HUD Extended Listing Period
I've never purchased a HUD owned home before but there is one I may be interested -- not anywhere near the current list price though. It's a UI property in the Extended listing period. The price at which it would be a...