I was wondering how successful wholesalers, particularly in CA, are determining offers on bank owned fixers. The "70% of the repaired value minus repairs" formula seems to be not applicable in my market. The banks re...

We have placed an offer on a bank owned property that was listed at $172,900. We offered $155k and asked that they pay closing costs. It generated a counteroffer of $172k with them paying closing costs.

Any advice on...

I am trying to find a study with data on the operating expense ratio for residential real estate, and hopefully something that applies to my area. I want to use the data to prove this ratio to my real estate agent. He...

Hi Everyone,I am trying to understand how the property gain taxes work in Maryland. I know I can use a 1031 to work around the taxes for a little bit but I will using a private lender so I don't believe that will be a...

This past weekend we had two different applications for two different properties that had one thing in common. Both applicants submitted totally fake W-2s. You can’t just rely on automated screenings.  You really need...

Looking at a REO property and normally I am used to having to write up a FARBAR AS-IS contract plus a bunch of bank addendums that basically nullify 90% of what's said in the FARBAR contract.

But this time th...

Hi Everyone,

I'm residential rehabber that has completed a couple flips on my own (by living in them) and one with an investor. I'm looking to continue to do them with my investor but also more on my own (I ...

I
recently got started with great excitement in RE investing in single
family turnkey properties, have spent a lot of time learning about
the wonders of cash flow, and just refinanced my primary residence to
cash ...

Are there any CA investors investing out of state that structured their business with Anderson? I've had a few intro calls with them and they propose the following:- WY LLC that acts as a Holding Company- Create multi...

Hello fellow BP members!The inventory of the market I am looking to invest in is pretty low. As a result, there is a great deal of cash buyers which makes it difficult for me to be competitive. This is one of the reas...