Marc Dube
Advice on a short sale deal, please
I looked at a property near my home which is in foreclosure and the bank will entertain a short sale. Borrower owes 220k but is listed at 169k. The house needs work, roughly 30k. In this market it may sell for 219k to...
Brian Collins
Need Advice, Noob Here.
Hello BP! Been browsing for about a month and this is my first post. I have located a good deal in my area, it is a REO. I had to wait the 16 days to be able to make an offer. My question is, in my area mls listing ha...
Chad Ullrich
FHA or conventional for first time duplex hack
Need advice on whether to go FHA or conventional as a Co-borrower for daughter’s first home purchase. Under contract for a duplex that She’ll live in one unit a tenant already in place in the other. We plan to purchas...
Stacey Vair
Walk through before purchase rental property
I'm looking to buy my 2nd rental property and have been spending a lot of time on the numbers. Once I find something in which the numbers work, I've been viewing the property in person. This takes a lot of time and I'...
Christopher Tokarski
Primary or investment?
Should I acquire a loan on primary residence loan before an investment property? Seems like time is only thing holding me back from a loan, but dont want to get to point where I qualify for primary and can no longer g...
John D.
Short sale in NJ New Jersey
I am considering putting an offer on a property in NJ. My agent has advised that I need to have an attorney review the contract and send a letter prior to the bank agreeing to the short sale. Is this accurate?Also, a...
Marina Flu
VC in Los Angeles
Hi my name is MarinaI have a question on the process of getting a VC. For example: I'm looking at properties that I think would be good for fix and flip in Los Angeles because that is where I live. Now the properti...
Stephen Kunen
Looking for contractors in the Lehigh Valley Area
We are looking for contractors and handymen (or handy-women) who work in the Lehigh Valley area in PA (Easton, Bethlehem, Allentown). We recently put an offer on an SFR which needs mostly just flooring, paint, and bat...
Quincy Ford
Evaluating Repair Costs
Hi all, I am new to the real estate game and BP family but wanted to use this as a resource for learning. My question is how do you determine the estimated cost of repairs when buying a BRRRR? I am interested in multi...
Rael Mussell
Does REO also mean Cash only?
So if a property is REO, does that mean that it's a cash only deal? I can't aquire the property through financing?
I thought I had a little gem, but my mentor said it was a cash only deal and the only way I could th...