For private sales is it reasonable to have the earnest money amount be something between $10 and $1000? And I assume for REOs and short sales it would be greater?Does it raise a red flag to the seller if I offer only...
Hi, I made my first offer on a 4x plex recently in las vegas. Its an older home built in the early 1970's with 4x3bd. I want to be fairly conservative with my analysis since I want a fairly big margin of safety.
Re...
We recently had a seller request we wire the deposit funds into escrow before they signed the purchase agreements. We backed out on this request. The escrow agent said that this was common practice but we have never h...
I am investing in mobile homes and I want to use the exit strategy and offer seller financing, but as we know the Dodd Frank law makes that difficult,I want to find a mortgage loan originator to work with.has anyone t...
Background: I have been a tenant for 3 years in the home and have a good relationship with the owner/landlord. Deal: Private sale of the home with the landlord. He needs to close by the end of July. I just had the ins...
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Woodacre.
Purchase price: $850,000
Cash invested: $300,000
Private purchase of a 1bd 1 bath main house-remodeling into 2/...
I get responses from my marketing efforts and I want to make sure I'm successfully converting as many of these prospects as possible to closed deals. I don't wholesale, just negotiate to buy the deals myself, and if ...
Hi everyone, I'm new to BP and looking to make some great connections with people in the Burlington/Hamilton markets. I invest in real estate part time due to the fact that I spend 8 months of the year overseas with w...
Hey everyone, looking for some input. I have a car loan for 29k at 1.9% I currently own two duplexs, one I'm housing hacking so 3 units rented total. In theory, one of the units pays my car note. $483. I want to acqui...
I held a private deed of trust (5 years, balloon payment) in a friendly transaction but it was all properly recorded, etc.. I agreed to effectively a short sale: mortgagee sold property and I received all proceeds, wh...