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...
Tommy Cheng
Sophomore Slump, Need Advice on this Deal!
I wanted to pick the intelligent minds of the BP community as I feel like I'm stuck.
We have been running a successful STR for almost a year now and I'm having trouble pulling the trigger on another property. I was h...
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?
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, ...
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...
Dominic Pizzi
Personality in Lending MATTERS
Being a private lender in a never ending competition to get clients between everyone else. Everyone can offer better rates, lower fees, quicker closing times than one another. The bottom line though, is that people wi...