Maybe I'm naive but here's how I think we should have spent the first bundle of bailout money.
1) Take a look at each loan in Foreclosure and see what could be done to get them out of that state. (buy down interest r...
Loan Commitment states: "There is a prepayment penalty of 1% on the loan for any partial or full principal reduction payments made before the end of the fifth year. After the fifth year the loan can be paid off with n...
I understand that a typical rental analysis takes the monthly rental amount, sets aside 5% for vacancies, estimates 50% for expenses, and then makes sure the remaining 45% pays debt service and leaves a profit.But I'v...
I am in the process of purchasing a REO property. I have the house under contract and the 10 day inspection window has started. Since we went under contract the stove has been stolen. The property manager for the b...
I am trying to figure out ARVs for properties I'm working on getting under contract and the 3-6 even 12 month comps seem out of context now that the market is changing and home prices are dropping? I started looking a...
Aloha, In a market where the sale-to-list price is 97.9%, homes sold above list price is 18.7%, and homes with price drops is 51.4%, I’m exploring how to respectfully submit an offer with a 30% to 50% discount on the ...
Have a current deal under contract should i move forward or ask for reduction or walk away from the deal due to uncertainty timesConcerned not enough buyers come July when anticipate having rehab completed if purchased
Hi BP Community,I visited Joshua Tree this past weekend, and I could not help but look at listings on Zillow. Questions for you:1/ How do you read price reductions and price history? Examples here enclosed:25K price r...
I’m buying a rental from sellers who are doing a 1031 exchange. We originally agreed on a $15,000 closing credit, but their qualified intermediary advised that they do a price reduction instead because a credit would ...
Has anyone had any experience in the Cleveland market with disputing the property tax valuations? The re-evaluation in fall 2018 resulted in greatly increased property tax values across Cuyahoga county. Does anyone h...