Micah Parsons
Land Contract vs Cash Purchase
I am in negotiations to purchase a rental, it was originally advertised as a land contract. The land contract was $500 down $375 a month for 10 yrs for a total of $45,500 which is close to the current ARV. This proper...
Junior Salters
Lots for sale?
When it comes down to the selling and the buying of lots for houses, what am I looking for to analyze a price to offer. The situation is a seller has a 2 houses and 5 lots for sell. The houses are close to tear down, ...
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,...
Dan Garrigus
Why would you use a 15 Day Close in this BUYERS Market?
Who here is closing on their or helping their clients close on their primary properties in 15 Days of LESS in this new buyer's market? I've noticed a trend towards longer escrows 21-30 days with the buyer pool shrinki...
David A.
How long do you spend meeting with a seller
How long do you spend in meeting with a motivated seller. Do you do a quick walk through of the house to check condition and get down to business at the kitchen table?
Account Closed
Investor wants tenants out before proceeding with Wholesale deal
Hello BP family. This is a hypothetical scenario, but I was curious if any other wholesalers in Washington have been asked to have tenants out before proceeding with the deal. If the tenant is still in a valid lease, ...
Josh Southern
Can a new owner terminate a lease upon purchase ?
Looking a at nice muti-family.The good:One 3/2 house with 3.5 year tenets that are month to month right now.Two 1/1 apartments over a 4 stall garage (which is not used by tenets)The bad: after showing but before I pu...
Patrick T Mohorcic
New Multifamily Investor in Cleveland Area
Hello, I am new to biggerpockets but I am currently looking for a duplex to buy in the Greater Cleveland Area. I have conventional financing and have my LLC set up. I have been looking for duplexes for about a month a...
Raj Parwani
NEED ANSWER ASAP-Help- purchase price escape clause Question???
I put an offer on the Condo at full price and someone else also gave a full price offer. So I counter-offered at $171K with the escape clause of $500 over the 2nd guys max new offer. The agent came back and said I got...
Heather Taft
Foreclosure offer advice
I am going to make an offer on an attached home that is a foreclosure. Asking price is $204,500. The assessors website says the property went back to the back for around $181,000. The property needs all new flo...