Michael Majer
Shpuld I Back out of deal? If so, what repercussions ?
Looking for some advice. I am not a seasoned house flipper. I have renovated one property I inherited. This is my first crack at a purchase and flip. I walked a property and put an offer in with a wholesaler. I di...
Carl Randal
When the "Math" makes the offer too low...
(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,...
Jason Unrath
Questions from a first-time flipper
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...
Greg Koszkul
Must-do steps for deciding on a property
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?
Alex Huang
Newbie Question on Offers, Earnest, etc.
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...
Steven Beckham
General Contractor Request
I’m beginning to make offers on potential rentals and fix and flips and am looking for a general contractor in the western suburbs that can walk properties and give estimates (and, of course, ultimately do some rehabs...
Shweta Saraf
Lein on property I'm interested in buying.
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...
Joseph Weisenbloom
Most laughable listings
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...
Jason Sung
Mis-representation of a single family property
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...
Mick Murray
How to estimate reno costs
Looking to purchase our first BRRRR. There are multiple distressed properties in the area I want to purchase, but I don't want to wear out my contractor in getting bids in order to calculate ARV to make an offer. I'...