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Hi all,I would appreciate some advice. Recently got a home under contract with the plan to BRRRR, home has a renter but only a verbal agreement with the current owner. I was wondering how you seasoned investors woul...
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Hi All, I am in need of some guidance. I will be closing on a new duplex on July 13 ( contingent on inspection ). There is one current tenant, who the listing agent said his lease is up in July. Listing agent just inf...
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Good morning! We are new landlords in Illinois ( Dupage county) and took over a building with existing varying contracts. One of our existing tenants is a month to month renter with a verbal contract who hasn’t paid f...
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Hello Everyone,So I just got a verbal offer to purchase accepted by the owner, what should I do next, and what should I have done differently up to this point. (I will describe the details below)I have a long time nei...
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Hello BiggerPockets,
I'm new to real estate investing. I'm having trouble finding a traditional lender (bank or mortgage broker) who will lend to a newly formed LLC for purposes of buying buy-and-hold rentals. I in...
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Calling all wholesale investors... Do I send an offer letter or verbally make an offer to the seller?
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(We're in Seattle.)This is my first post on BP!I'm closing on a triplex on July 31st that currently has tenants. The tenants are all month-to-month but two units only have verbal leases. Repeat: NO written lease. We w...
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I own a fourplex building. The tenant in the basement moved in two months ago and has been pretty problematic, including two prior noise complaints from the unit above him for blasting music until 1 am within the last...
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Price: $1.2M
Offer: $900k
I had my agent call to see if the seller would accept this price because it's been on the market for a year.
The seller's agent said the owner had rejected a $1M offer in the past, but it'...