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...

Can we renegotiate on the offer even though we all already signed the purchase to sell agreement on real estate agent’s contracts?

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 ...

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 ...

Is it wise to make multiple offers without going to see the properties?

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...

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...

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...

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 ...

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...