Andrew Aladjadjian
First investment property purchase
Investment Info:
Single-family residence buy & hold investment in Tarzana.
Purchase price: $167,000
Cash invested: $25,000
My first investment purchase. Beat odds to purchase during a probate sal...
Tom Fidrych
Property managers, who pays for evictions
I'm shopping for a new property manager. If a tenant you have placed is to be evicted, do you take care or it as part of your management service or is the owner billed for each court appearance and all governmental fees?
Oscar Martins
RIght Of First Refusal
I submitted an offer of 155k on a FHA property two years ago. During the inspection, they found an underground oil tank with contaminated soil on the premises. The seller (FHA) agreed to remove the listing and remove ...
Nathan W.
Orphan Night Up-Sell
Looking for input on how to handle orphan nights. My cabins typically rent in the $400 - $600/night range. I've been reaching out to guests and offering them the chance to add a day to their trip for $250. So far I ha...
Account Closed
Need Help - Best and Final Request
The Data -
HUD Property
ARV 105K
Repairs needed = 16K
Asking Price = $72K (reduced from $79K)
First offer was all cash, $51000.
...
Tomas Satas
Hudson and Marshall counter offer.
Good afternoon fellow investors!Has anybody ever won an auction at Hudson & Marshall, mail in the contract/earnest money, and then get an email a few days later with a counter offer from the bank?Not sure if I sho...
Ibrahim Hughes
'Blacklisted' by Wells Fargo for 'Flipping'?
As a realtor I'm representing an investor friend of mine who had an accepted offer on a short sale property where the lender is Wells Fargo.
The offer didn't get approved, despite it being for asking price and the bu...
Lucien Gautreau
Finding Good buyer's Agents that are ok and BOLD with offers
Hey BP guys, I'm just wondering what everyone else is doing when trying to find a good deal to FLIP or BRRRR a property.. I follow exactly the rules that @Brandon Turner suggests which is the %70 rule or even %75 rul...
Sean Dougherty
How or "if" to negotiate junior liens in a short sale.
Trying to wrap my head around this process.I have a seller who has a home underwater. Selling via short sale. She is divorced an although husbands name is still in on title, she has court approved authority to sell ho...
Joshua D.
FRIDIE MAC Madness
So my wife and I have had our eye on a forclosure up the street, two weeks ago they reduced the price to 59,000 from 69,000. We though hmmmm... We better go look again. We did and decided to put in an offer on Monday ...