Max T.
Buyout Agreement? My 2 partners want to cash out.
They each brough 25% of the down, 10 years ago. What should I be sure to include in the buyout agreement!?! They are also open to selling it but I want to keep it!
Here is my initial draft:
Buyout AgreementI. Pa...
AJ Wong
Why, How and When (Not) to use seller concessions or rate buy downs for acquisitions
Seller concession, or no seller concession? That is a question.
What is a seller's concession, some may ask?
A seller's concession is a portion of the transaction that the buyer finances, with permission from the ...
Jordan Hamm
Short Term Renters
Hey guys. I've got an applicant who's interested in a short term rental. They were about to buy but had to back out because their house was accidentally flooded by the previous owner. Anyway, they're willing to pay 3 ...
Darren Mesibov
Fannie May delayed financing
Does anyone here have experience with the Fannie May delayed financing exception? I'm currently under contract for a cash purchase on a SFH in Huntsville, AL and considering a cash out refinance under this program as ...
AJ Wong
Three alternative creative financing solutions to get a lower mortgage rate
Historically, residential US mortgage rates are near their long term averages. I remember in 2003 when rates were in the 5-6-7% range, albeit with more aggressive mortgage terms available to almost any and all borrowe...
Christian Thomas Lisignoli
FHA loan to buy a house found through direct mail lead?
Hey BP community!I am looking to start a direct mail campaign with the intent to purchase a multi family home. I have enough money to start a campaign, however my current means of funding the purchase of the house wou...
Brandon McCombs
must existing leases for current tenants be upheld when purchasing a new property?
I'm about to close on a 9 unit building. There are currently 3 tenants with leases. I'm wondering if I have to abide by these existing leases or if I can terminate them at any time? The leases are for a contract agree...
Anthoy James
Few questions about angry callers from yellow letters
So I started sending out yellow letters to 60 day Lates. I decided to change it up a bit and start door knocking on my new list for the week. I went to about 40 houses today. I knocked on the doors, waited about 30 se...
Brian Johnson
Small claims court after eviction
Once I got them evicted I noticed they did all sorts of damage. Should I take them to court? i don't really expect to ever see my money. I kind of worry that they may even try to do more damage to the property late ...
Dwight Will
South Jersey Area real estate
Looking into the south Jersey/Philadelphia/Delaware market, any other first times out their beginning
their research? Looking to kick some ideas around and get some.