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I have a 7/1 ARM with a balloon payment of approx. $100K due 02/19 for an rental/townhouse in MS. Current value is approx. $130K.I would like to refinance this loan into a more traditional loan so as to get out from u...
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I’m considering a total career pivot and moving into real estate as an agent. I’m curious, what’s the worst part of the job? What do you love most about the job? What’s the first year like? Would you choose this profe...
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We are looking to put an offer on a property that has been grossly overpriced and now on the market over 200 days. We are making an offer that is obviously WAY below even the current marked down price. We just found o...
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Today my lender sent me an email asking for the purchase agreement on a new duplex. He said that the appraiser has asked for this document in order to complete the appraisal. Is this standard practice? I see no reason...
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Hey everyone! I’ve seen a lot of people say cold calling works well for them! How do you produce your list of numbers to focus on?
Thanks,
Mitchell
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I’m rubbing the magic lamp that is the collective BP genius in the hopes of finding a way to “guarantee” a high enough ARV appraisal to pull my cash out in a 75% LTV BRRRR refi...
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Hello Everyone! I'm new to real estate entrepreneurship and haven't closed on my first deal yet. I've submitted a few offers in the past month, but haven't had any accepted yet. As I continue down this path, I'm looki...
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Hi all, for some reason cap rates confuse me. I was recently told, the lower the cap rate, the higher the property value. For some reason, I always thought the higher the cap rate, the more valuable a property should ...
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So I want to hear from the BP community.. How have you made your LOI more "competitive" to the seller and broker when sending it in? I know increasing offer price helps of course. But are there any personal touches yo...
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Purchasing a $1MM vacation condo and the Seller noticed that we're splitting the hefty $15,000 HOA Transfer Tax 50:50. He wants us to pay for all of it. He just caught this right before the loan docs are being drawn...