Mark Weinstein
LLC For 1st Property
Hi BP,For my first property I’m going to use a HML for the purchase then refinance. I don’t want to lose eligibility for the first time home buyers programs and grants they’re offering. Would it be better to purchase ...
Shannon Sadik
4-plx in A+ neighborhood, will be owner occupied. Is this a good deal?
Hi, I'd like your advice on a buy and hold I am contemplating purchasing. It's pre-MLS, so I have to make a decision fast. Asking price: $499k. Lender requires 25% down for a 4plex with conventional financing, or I ca...
Rob Nichols
What's a fair Joint Venture profit split?
Real Estate Virtuoso's,
I was hoping someone could help me with a joint venture question. I'm teaming up with a local wholesaler/rehabber to flip a property he found off-market (through probate). He has the lead o...
Lee Spencer
1ST 4PLEX
Hello,
My wife and I are starting the journey of becoming landlords.
We have the approval letter from the lender.
We have the 25%-30% ready to put down.
We have the area in mind and property...
Account Closed
Reasonable Earnest $ Amount
Hello,I am about to place an offer on a Short Sale that needs a lot of work (butterflies in my stomach) I obtained bids to get the work done and my realtor will submit them with the offer. There have been several low ...
John Laney
Will the Aug 17th NAR settlement cause some buyers agents to charge an hourly rate?
For those that don't know the Aug 17th NAR settlement will now REQUIRE realtors sign a contract with their clients PRIOR to showing their first house. While not explicit, the contract is written in such a way to enco...
Yunning Lee
NEED HELP! Dual agent might be owner of the property
Hi All:I am using the seller agent as my buyer agent. The owner of the property is an LLC. The taxpayer of this LLA is the seller on our agreement. However, from some information resource, we found out the seller agen...
Willie J Baxter
Any useful advice?
I want to put the smallest possible down payment down with an FHA loan on a multi unit. I've been trying to save up for what could potentially go wrong like cap ex things. Should I just jump into it and try to invest ...
Troy Kerr
Rented too Low
Good afternoon BP,I recently got my first property rented. I needed to rent fast so I lowered the price from 2200 to 1850. The Management company gets ten percent 185. The Mortgage is 1500. I bought the property n...
Kirti Patel
How I lost 200k investing in Rehab project
I was new to Real Investment, and wanted to learn it so I can generate decent retirement income out of my lifelong savings. I attended REIA meetups(2015) run by Matterhorn Group in Chicago, run by Bob Brock, peter ki...