David Leander
Local Banks. Is THIS the difference or a red flag?
Looking to fund our first BRRRR deal. Talking to several banks about HELOCS. At this point, we're in serious talks with only one true local bank. The rest are bigger. All other banks are running the numbers, telli...
Richard Smart
Red flags to look out for when buying your first deal
Hello all,I am going to tour a few properties this weekend. This will be my first investment property. What are some red flags to look out for during a showing before submitting an offer and doing an inspection?
Sunshine Chow
Red flags to look for in HML agreement and project insurance?
Hi BP Fam!Can anyone please share some insight as to some specific items to look out for in hard money loan agreements and insurance policies for a fix and flip? What clauses should be included? or which clauses shoul...
David C.
Mostly Month to Month tenants in a Multifamily - Big red flag ?
(Sorry for all the M's in the title)
Fellow BP-ers,
An OM crossed my desk which seemed promising, a 9 unit multifamily which had decent cashflow and the numbers would work at a slightly lower offering price. Howeve...
Marc Roberson
What red flags indicate not to work with a potential client
Obviously not a popular subject here on BP, or in general, but it is one of importance nonetheless, I believe.
This stems from my very first listing appointment ever and a FSBO who asked about any other names I had &...
Alex Chin
Is a 2+ year old listing a red flag for you?
Hello BP,I'm looking at a couple of properties that meet a lot of the basic criteria that I want for my first potential investment and am starting to dig a little deeper and taking a harder look at them as possible re...
Bill Manassero
Red Flag Property Listing "Keywords" That Say Run the Other Way!
I'm compiling a list of key words and listed information for a VA that will be scanning MLS and other property listings that are an immediate red flag about that property. The most obvious for me is "as is." What ot...
Megan Miller
Kansas City, MO Buy and Hold - Good Deal or Red Flag?
Hi All,I came across a property I found through a wholesaler at a local Real Estate Investor meeting, it's not on MLS. It's been rehabbed and is move in ready. Here are the details:Purchase price: $17,0002 Bed, 1 Bath...
Autumn Allen
Red Flag? Cash investor said seller to pay my assign fee?
Urgent! Is this OK or should I tell the cash buyer no deal unless you pay my assign fee. I worked really hard to find this awesome deal in a great neighborhood and cultivate relationship with the seller.
Seller want...
Jordan Futch
Do I have a deal? or is this a red flag?
Hi BP!
I'm analyzing potential deals for my first flip, and I found a single-family on zillow about 60 miles from me. They are asking 275k, I estimate the ARV to be about 370k. In the pictures everything looks fine i...