(ARV x 65%) - Repair Costs = Maximum Allowable Offer. What do you do if the math makes the MAO so ridiculously low that the previously "motivated" seller becomes not so motivated? Example: ARV $162,000 X 65% = $105,...
I found a local house I'd like to flip for my first investment, but have a few questions before I do:1) I've never worked with a hard money lender before. It's looking like I may need to in order to afford the proper...
Before you submit an offer, do you have a single contractor (maybe your go-to person) walk the property with you and estimate costs to rehab OR Do you have a few different contractors walk it with you?I'm a newbie!
If you had to make a bullet point list of the most important due diligence/research steps prior to purchasing a property, what would they be?
I am still not 100% clear on the offer and inspection process and was hoping to get some clarification. I suppose the easiest way to have any misinformation addressed would be to lay out what I think the process is:Pr...
So I placed an offer on a SFR, the listing agent told me through my agent that "The seller has received a second offer on this home and is requesting a 'highest and best' offer from the buyers by 5:00pm tomorrow" . Ho...
So I am purchasing my first property. I plan on living in it for a year, then refinancing and renting it out. The neighborhood is great, the property seems good, but the negotiations are making me feel uneasy. After r...
I have really liked a property which was pending sale last year dec but was back on market in jan after the initial sale fell thru from dec.The property got relisted,so I put an offer.The same day the property got wit...
Different real estate markets all over the country are at their peak. I can't speak for all markets because real estate is local. That being said there are ALOT of places around the country that are super hot.While il...
HI, I am under contract for a single family property. I put an offer while I was out of town and my offer is selected. In option period, I got inspection report (still I was out of town) and decided to move forward. A...