I've got a few here and I'm feeling really stupid asking them!
1. We buy using an option contract. Haven't closed a deal yet, but are getting close. we haven't had any complaints from the banks about using an op...
So we bought a small lot today that we plan to develop. The purchase was for $60k in cash using a buyer and seller broker. When the HUD came out the seller flipped out and didn't want to pay all of the commissions t...
Hello BP Community,
We have grown our portfolio quite a bit over the last few years starting from 4 units in 2018 to almost 50 without outside investment and in multiple states. I run the business and manage the PMs ...
About 9 months ago, I created a post on BiggerPockets (for those who are interested, check out the post) around how I was choosing to stop this romance with offline marketing (i.e. direct mail, driving for dollars, do...
Given that there is such a liquid market of buyers online I was wondering what people's thoughts are on the commission paid to Realtors. A 6% commission has always seemed scandalously high to me given the typical amo...
Hi,
I was wondering (this is a question for those who have already established their real estate business):
How far out of state would you go?
Of course, knowing that the profit and everything (hotel, rental car, etc...
I preapproved a borrower to put in an offer, but the listing agent denied the offer because it was from a big bank. There is a misconception that my bank won't finance a "flip" transaction. Our guidelines clearly st...
National Association of Realtors Chief Economist Lawrence Yun recently wrote an article stating that we're in a "Bizarre Market" in which he stated "With a strong economy and the lowest unemployment rate since 2000, m...
Hello all! I currently have a goal to acquire a 4-unit apartment building using a first homeowners loan to build passive income. My long-term goal is to expand and obtain larger apartment buildings and create good inc...
Have you been scammed into worthless Rich Dad Education advanced courses in Houston? I was scammed by Gregory Downing and have been in a two year process to recover funds with my attorney. This is will all come to a...