I recently made an offer on a REO. How long does it take for them to respond? If it can take weeks to get a response, how can a wholesaler get steady income from REO's? During the time that I'm waiting for the counter...
I was negotiating on a REO property owned by a bank. After many delays I finally gave them a "final and best offer" of $117,300 in which I required an answer by the end of the day (last Tuesday). They came back to me ...
Hopefully someone can help steer me in the right direction. Ultimately if I decide to continue with the deal, I will have any paperwork reviewed by my own real estate attorney.Here's the deal:Duplex, $71k, both sides...
Hi, Bigger Pockets. I just made an offer on a Duplex In Pittsburgh, PA and it was accepted. The units are both 2 bed room and 1 bath. The bottom unit is currently rented for $850 and I believe is low. The upstairs uni...
Hopefully the right forum here. I'm beginning here in my search for information.I had a homeowner reach out to me from a direct-to-seller marketing campaign looking to sell their home. They are low on the equity side,...
3 questions:1. Can i have an agreement with the bank on a reo if my credit is bad and i have now income? Should I bring in an agent?2. How can i estimate ARV if seller will not allow me to walk through sue to tenant o...
Hi! I was approved for FHA, the seller liked our offer because it was clean but asked us to change to conventional. We changed loan to conventional and the offer was accepted/ purchase agreement signed. My bank is now...
This is going to be my first real estate investment and after running the numbers I have noticed that if I don’t (A) Raise the rent on the tenant that has been there for 7 years or (B) get the home for cheaper then th...
Good Afternoon,Today I have spoken to several very helpful representatives and found thatmy only course of action is to submit an exception to policy in hopes youhear my appeal. I have read Circular 26-20-13 and their...
I offered full asking price on a property and listing agent/seller is saying deed issue. This wasted a few days, then they changed the listing to best and highest offer by a date that was a week down the road. He obv...