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...
Colby D Hollins
Appraisal came in low on a 203k loan...now what?
Hello BP members,So I am about to close on my 203k construction loan; however, my appraisal came in lower than what I needed it to be at.Details:Purchase price: $105kRehab + contingency: $100kLoan amount: $205kDown pa...
Clifford Thomas
Wholesaling
Hi
I'm just starting out with wholesaling. What are my options if I don't get a buyer for a property?
Patrick Zepeda
Estimating rehab costs before or after inspections?
Hi all! I am having a hard time understanding the timing of the estimation of rehab costs. I thought you first estimated on a PSF basis how much the rehab would cost to come to a purchase price (PP+Rehab=70% of ARV), ...
Ashley Russell
Structural repairs and BRRR strategy
We are under contract on a new deal 3/1 for $115k in south St Pete and just had our inspections today. We knew it was a fixer upper that needed major work but the inspectors found more termite damage than anticipated ...
Kevin Lee
Estimate on demolition & new egress stairway
Hi everyone,So I'm in the middle of purchasing my first multi-family house and just had an inspection done this week. There was one big issue that came up during the inspection. The egress (emergency fire exit) for bo...
Larissa Asay
Financing on first primary residence
Me and my husband are looking to purchase our first primary residence. We found a place that, with a little renovation, can have the basement rented out. Originally when shopping for a home we intened to do a conventi...
Fredrick Hock
HELP!! Messy Divorce + Mortgage = :(
My friend is in a sticky situation, and I was wondering if anyone can offer any sound advice? What would you do in this situation?Last year, my friend and her husband bought a new duplex using a mortgage (their plan ...