Kel S
How do you all stand the waiting for Bank responses??
Ok, so I'm sure my scenerio will be an all too familiar one for many of you. We put in a cash offer on a foreclosed home. Offering $6,000 less than the listed price.
So...
Account Closed
First Time Home Buyer
Yesterday I put in a offer for a Duplex. The selling price was $239 and I offered $225. It's a 2b/2b with a 2car garage and the other side is a 1b/1b one car garage. They counter offered and surprisingly they were fin...
Matthew Masoud
Property Analysis for First Rental, Help a Noob Out!
Hello Bigger Pockets Community,I've been looking around the community for a while now and listening to the podcasts. I finally decided to take some action. I got preapproved and start placing offers. My first few offe...
Bryan L.
HUD timeline with new e-signature
The timeline to get your paperwork into HUD used to be 48 hours. Now, with the new e-signature, what's the timeline? Here's what I have going on: I placed a bid and got a counter-offer today (Wednesday). If I acce...
John Roberts
Question about my Real Estate Agent
I have a Real Estate Agent that I worked with on a past purchase. I am purchasing another duplex, so I contacted her again to be my buying agent. We submitted an offer and the listing agent/owner countered. When I ...
Brian Schuck
Negotiating a buyout
Hi BP! This question is for my mother-in-law. She worked at a commercial real estate company before retiring. In 2001 they gave her a small share of a building and she's been waiting for a buyout. Trading is done w...
Bienes Raices
Resubmitting short sale offer under different name
I made a short sale offer in June, in the name of my LLC. The short sale was recently approved, but at $20000 higher than my offer price. I went up $5000 on my counter offer but the lender refused to budge.
The house...
Sam Tang
Seller needs to find suitable housing. Seller rent back agreement? Delay escrow?
A place I am looking at has a "seller needs to find suitable housing" disclosure. From what I can tell, he looks to be a single father with a child. I read people with children usually ask this? It does not sound like...
James Kerson
Would You Use A Discount Broker? Calling All Flippers/Investors
I’d like to start a new kind of real estate brokerage. It would dually represent buyers and sellers and charge a total commission of no more than 0.6%. Instead of depending on buyer agents to drive prospects from hous...
Nick Dunin
Started a direct mail campaign.
I started a direct mail campaign. I’ve gotten several responses, the latest being someone wanting close to retail price for the house. It’s move in ready. Do you even bother making a counter offer? How do you hand...