Alicia Gates
To Keep an inherited tenant or ask seller to remove?
We're looking at purchasing a SFH in our area, and it currently rents for $650, but market rents are $850-900 in the area. The house looks to be in decent shape, but there does seem to be some cosmetic items to be fi...
Account Closed
Short Sale Contract Structure
I am a wholesaler looking to put MLS short sale properties under contract. Does anyone know how to use a land trust to avoid a double close on these transactions?
Bobby Rainbolt
Minimum Profit On Flip?
Hey guys,About to go into our 4th house flip and wondering how everyone analyzes a deal and decides on their minimum profit required to do the deal? Is this a personal preference or a % of the cash you put in? Are you...
Jeremy Mays
HUD Bidding Question
I'm a little confused about how HUD handles backup bids when evaluating offers and how that should affect my bidding strategy. On the day HUD decides to do a price reduction, do they go back and look at all the backu...
N/A N/A
Will bank usually counter first offer?
Does anyone have experience with Countrywide buying foreclosures? Asking because I want to know if the bank will counter an offer I submit on a foreclosure? Or at this time are they too busy? I realtor "friend" tol...
James Otto
Making offers, low offers compared to asking price?
I'm looking at buying a building that is listed for 870,000 But I feel its inflated based on potential. I value the property at 570000,(10%) cap. Its it even worth making such a low offer since the owners are asking 3...
Michael Tucker
Take the money and run? Finders fee or 10% of Mobile Home Park
Sup BP,I came across a mobile home park in Eastern, MD and passed it along to my mentor. He wants to partner with a colleague to purchase it and offered me a finders fee of 2 points. I went along with him to check ou...
Jason Fay
Caps
Does anyone have an idea on what fair cap rate is in seattle? Everything in my area seems so low. Also is it common for seller to want 10% earnest money held back after feasibility test?
Joseph Weisenbloom
To pull the trigger or not pull the trigger that is the question (Dallas)
I received a counter offer for the below property. This property will be my first investment so I need some guidance. House has been recently renovated and should be rent ready pending on inspection. I plan to do a...
George Ortiz
Multi Family
I am in the process of looking at a deal on a multifamily in NYC outside Manhattan. It is a three family home my question is should I bypass this home if the tenants do not pay their own seprate utilities. The home ...