Rick Eicon
Non recourse loan and hard money lenders
When using a self directed IRA and one only has a portion of the RE purchase price and needs additional financing non recourse loan is required. Looking at hard money lenders it appears they are primarily only for fli...
Josh Cotton
Worst house in the best neighborhood
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $225,000
Cash invested: $80,000
Sale price: $375,000
This home was a foreclosure, and the home was a disaster. ...
George Vigil
50/50 Partnership with Real Estate Agent
A former colleague who is now a top real estate agent and I are interested in partnering 50/50 on buy and hold properties. Considering we will be contributing equally and distributing cash flows and equity (when sold)...
Clayton Crawford
My greatest deal is slipping away!!
I'm having serious trouble getting a loan. I have a property under contract. It looks like this.\purchase price = 95k.down payment = 15% = $14,250Renovation = 5KARV = around 140KClosing is around 5k. The bank (well Fa...
Irina Belkofer
"Subject to" purchase
Hello everybody!I have few questions about buying a house "subject to": the owner of the house is kind of under water so by buying subject to, I'll let the owner off the hook from the mortgage by paying it.However, I ...
Fred Ramos
Seller renting the house for a week
We just recently purchased another investment property but this one came with a little twist. usually when we've purchased, the unit has been empty and we have been able to screen the tenants and decide who to rent to...
Linda D.
Should I get a real estate license? I want to flip houses
Hi! Should I get a real estate broker's license? I want to flip houses and may even go with franchise to do that. By way of background I am a corporate refugee who has been laid off for the 3rd time since 2008 due to...
Andy Bhuchar
Understanding Appraisal Value
Hi All - just got my appraisal back and the appraised value is the exact same amount as the purchase price. The purchase price was negotiated down by about $40K prior to going into contract.
Question - does it seem...
Nancy Mascorro
Agent in California—need advice
Hi BP community! I’m an agent servicing LA, OC and I was wondering if you experienced investors / agents could give me advice on finding deals for my clients on the MLS. Any price criteria?Sq ft req?Expired?Would love...
Rose Dakin
buying out my sister's share in a 4plex - seller financing?
Hi there - thought i would ask the bigger pockets community in case there is someone who has done this before - I own a 4plex with my sister and ex-brother-in-law. they want out, so I want to buy their shares. they ea...