Steve Rugg
Underwriting advice during COVID19
Does anyone have deals that were put in escrow before the COVID stuff and are now either canceling or renegotiating? We have a good (not great) deal in escrow on a 40+ unit complex. It was a value-add opportunity, wit...
Joshua Schindlbeck
This is my first deal
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Elgin.
Purchase price: $115,000
Cash invested: $50,000
This is a 2 flat with 1,906 sq ft and was built in 1969. It contain...
Kevin Olson
Commercial RE - Tenant Interview/Meeting
Hi BP - Had a question / request that I wasn't sure could be answered here as its typically Residential based. However, acquiring and managing a commercial RE property, Medical office building with 3 existing tenants ...
Simon Cox
Need help in contract phase!
Hi everyone!I'm in the contract phase of my first deal! I just got an offer accepted on a 23-unit apartment complex and had a few questions. The seller said in the contract he would provide the following items. He is ...
Regina Jones
Making multiple offer
Is it wise to make multiple offers without going to see the properties?
Leo Kotschenreuther
Estimating Rehab Costs before making an offer
Dear BP-Community,I read J Scott's book about how to estimate rehab costs. That is a really great book and I find the technique he describes very helpful.However I feel like there are a few items where it's going to b...
George Rodriguez
When you call GC to go look at home
Hello everyone im looking to get into my first flip. Its hard getting a good deal under contract. Someone suggested getting a deal under contract at 65% ARV and then renegotiating the price once GC looks at it and giv...
Ben Crego
Offers way over list price
A buddy listed his house that he has lived in since May 2018 and received 11 offers within two days. One was 13% over list and then he had multiple at 8.7% over list (I.e. 20-30,000 on $230,000 list). The comps are ar...
Andriy Boychuk
Bidding war (Mobile Home Park)
Here you go. The bidding war. The original offer for a park was 3.2mm. Other company offered 3.25. We offered more. Back and forth, back and forth. Now we are up to 4mm. I know it sounds crazy but it looks like other ...
Doug Price
Order of Typical Wholesale Transaction
To this point I have followed this typical pattern of getting my deals closed once I have a seller:1. Make a verbal offer.2. Evaluate the home.3. Write the contract.4. Renegotiate the price if needed based on potentia...