Terrez Jarrett
Is it possible to make money on $45,000 property?
hey BP members, I have a property that has a sale price of $45,000 and they are selling As Is. Am I correct in my assumption that I need to basically do thorough research on this home because there my be some issues u...
Layne R.
I’m New to This and My Cash flow Estimate Seems to Good.
As I’ve said, I’m brand new to actually making a deal, I’ve read some posts, listened to podcasts, and thought I had a good handle on running the numbers. But some of these properties seem to good to be true, and as t...
Account Closed
Transfer Taxes on Double Closing
How many Wholesalers doing Double Closings are paying the Real Estate Transfer Taxes?These can be quite expensive in some places. For instance The State of Pennsylvania charges 1% of the sales price and the munici...
Rivy S.
Two mortgages at the same time, will they know?
Here's the background: I have an investment property under contract here in the DFW area, and we are actively looking for a primary residence as well. Both together might possibly put me over DTI restrictions. (I've...
David Greyshock
Appraisals
I have been looking at turnkey investment companies lately for out of state investing. One of the common themes is that there may be a discrepancy between the asking price and the appraised value(possibly higher) So...
Richie Thomas
Failure to pull permits- anyone been burned before?
There's a chance that I'll be closing on my first investment property within the next month! However I walked the property this morning, and I discovered that the conversion of the open-air carport area into an enclo...
Greg Smith
Security Deposit Dispute: How Long To Hold Money in Escrow?
Property manager is holding security deposit (several thousand dollars) in
escrow. Landlord makes claims against a large portion of security
deposit upon tenant moving out. Tenant disputes the claims. Propert...
Dennis Weber
Iowa Tax Lien Sale Online
Just got thru participating in a Tax Lien sale online. It was in Iowa where the interest and amount of lien never changes. You bid down ownership of property. The bid choices were PTW (proxy to win), PTT (proxy to ...
Andrew Merritt
Can't Find Good Investments - Build Instead?
I've been looking for good investments in my area (charleston, SC) since January and can't seem to find anything that will cash flow that 1) are in a decent/safe area or 2) cash flow according to my formula. I feel p...
Robert Rainey
Direct Mail Campaign
Morning BP, Ive been investing(Flipping and Landlording) full time since 2011 but I skipped wholesaling and jumped right into rehabbing because deals were every where. Now I see I skipped a vital step because I dont k...