Daniel Wiggin
Approved Offer Above Comps
New to investing, I found a town home I liked which will fit perfect in my portfolio. The listing price was 205, I offered 200 and it got approved. This is essentially a turn key unit. On a second look at comps in the...
Victoria Kowalski
In contract - tenant on disability
A few weeks away from closing on a multi family house and I have a few questions:My agent told me they are doing a virtual appraisal.. Is this good or bad?Just found out the tenant is on disability. Her mother also ju...
Dee Georgian
Take a loss on the property or raise the rent
2 years ago I was plunged into renting my property after a loss of a job and split from my partner in Henry county Georgia where the home is under water and I now own 100% of the property. However, even though the val...
Angel Glancy
Waiving Inspection to Purchase Property???
Ok, so I've been looking at Multi family and single family units in Western PA for my first investment deal. My partner and I got an FHA loan approval about a month ago so we've been working with a local real estate a...
Alvaro Rodriguez
What happens when appraisal is lower?
I am in the process of closing on a house, closing date is 2 weeks from now. However, the appraisal the lender ordered came back $17k lower than the asking price. At this point what is the most logic next step? I don’...
N.A. N.A.
where to find info for negotiating NNN lease
Hello,
Relative has a stand alone NN property (drug store - national tenant) and lease is currently being renegotiated. I am in a small market - central NY. No growth. Believe store to be reasonably good p...
Ramon Mota
When to fire sale property
Last year my mom bought at restaurant in a small northern California town. After puting money into refreshing the eating area she opened. For a total of 39 days and then passed away. I just filled taxes and the busine...
David H.
Termites found on home inspection. Deal breaker?
So I have a foreclosure under contract and they just found termites on the inspection.. Formosa termites, the worst kind. Wanted some input on whether it's worth pursuing or to just walk.
The house is in a good area...
Chris T.
Your forumla for making an offer
I have a question for all of the wholesalers out there. I have a couple of properties I am looking at to wholesale but actually have never done a wholesale deal before. I have done plenty of reading on the topic,etc a...
Andrew P.
First deal under contract, inspection issues on as-is sale
I'm under contract on my first deal. A backdoor duplex (not zoned as a duplex) in a hot market. It was built in 1978 and I knew it would need around $20k-$25k or so of work. Under contract for $180k and rent is aro...