Hello all, I recently got a HELOC on my primary residence quote up to 85% LTV for a rate of 4.375: Prime rate + 1.125%. However, the appraisal value is about $70K-90K lower than I expected. The lender mentioned that I...

Hi BP!I am selling a Pennsylvania commercial multi family building to a long time tenant. We have a great working relationship and have agreed to terms ahead of signing a sales agreement which includes a 2nd seller-fi...

Hello, This is my first post and I have no idea if this question has been answered in this forum or not but I'll go ahead and ask again. I have a customer who has a hotel he intends to sell at about 8.5 million. I kno...

What happens when you want to assign a contract to a buyer/investor who will be buying the house in different terms than the ones you agreed to the seller with?

For instance: If I get a house under contract for 100K ...

Hi again. I recently read that banks don't allow entities to take out a mortgage loan, specifically LLCs. Apparently, there is a 'loophole' that allows the title to be transferred from the buyers name to the LLC, but ...

Can anyone point me to any written rule or guideline that specifies the max percentage square foot differential between two properties for the purposes of calculating an appraisal?   I've seen lots of posts stating th...

Hey BP,I'm just curious about a transaction that seemed odd between a realtor and a person selling her house. This is a retail/market price attempt at a sale by the home owner. Within 7 hours of the listing 2 offers c...

Hello my name is tony and I’m trying to get into real estate and wholesale. I may have contact that can give me a bunch of short sell but I’m discouraged to jump into putting them under contact because I don’t know wh...

Hey BP,What have you found best to do? 1. Bring the contract (agreement for sale) to the title company myself? 2. Allow the cash buyer to bring both contracts (the agreement for sale & agreement to sign) to their ...

I'm looking to find out what strategies are working for upside down properties in undesirable neighborhoods. Especially those like the one here in Milwaukee, that have comps in the single digits(k).

Negotiating a ...