I'm preparing to make an offer on a house. I plan to offer 10% less than my maximum offer. Hypothetically if you made an offer on a house and they countered with your maximum would you accept it or would accept it or ...
So lets say I offer $200K on a property listed for $200K. The seller countered with $220K as the price, but with a $20K credit to me at closing, along with a few other changes to my offer. There must be a reason this ...
Hello BP,This is my first offer on a multifamily property. The property was built in 1988. I rate the neighborhood a B- or B. Each unit is a 2 bed/2 bath. Current rents are $550 each unit. All units are occupied. My o...
Hi BP-ers! I have the option to purchase a 4plex in Los Angeles for $607,000. I will be putting 25% down loan will be around 5.6% it is an older building and has all long term tenants under rent control meaning I cann...
Hello all,
I have heard of people getting short sales at 40% - 50% below market value.
Can a few of you share your success story and what factors contributed to such successes.
Getting shorts at 20% below market va...
So I listened to a podcast today and one if the nuggets I got from it was post what you're doing even while it's going on. Hence I'm putting it out there. Even though this is in the success stories for him it does not...
My partner and I are looking to purchase a property zoned as commercial in Riverside. Property is listed as restaurant, however, the structure is empty inside, no kitchen, needs work both inside and outside, and no g...
Hi all, First time home buyer with a question on Fannie Homepath purchases. I recently put an offer on a home that had a recent price adjustment. I still felt it was priced too high compared to similar houses in the a...
Is there any acceptable clause or stip to allow for making multiple simultaneous counteroffers, such that only the highest response from the buyers will be binding? I recognize this is where "highest and best" come...
When dealing with a house being sold by the VA, HUD or Fannie Mae, etc., how many times should I submit a counter offer if they don't accept the 1st offer before moving on to other properties and why would they be c...