Nathan Simkin
Need help with recovering expenses?
Need advice on the best way to recoupe losses. I put an offer on a SFR. After some minor negotiations the seller accepted the offer. I did my inspections (general, termite, and the roof). The lender did an appraisal. ...
Heath Thomas Jr
LOI vs. Purchase and sales in Maryland
If you aren't going through a realtor and want to make quite a few offers. Is it acceptable to use a short Letter of Intent rather tan the full purchase and Sales agreement in MD? I assume it is because every realtor ...
Dwight Porter
How come some sellers don't accept VA Loan Buyers?
Greetings,
I'm new to real estate and I found my first deal on a duplex in the Houston Texas area. I was going to house hack using a VA loan. I visited the property and made a strong offer. A few days later my realt...
Omer Zulfiqar
lending for multifamily
HelloI am interested in purchasing multifamily properties. I will be putting down 25 percent, expect the loan to be in the size of 500 K to 750 K. In addition I am planning on paying off the properties in 10 years or ...
Dominique Mitchell
Short Sale - Getting an appraisal
Hello BiggerPockets.I am a newbie hoping I have my first deal completed soon. I have a question about short sales. The home I have under contract is a single family 3bed 1bath. Will be adding an additional bathroom on...
Kyle S.
Flips - Calculation offer price
Hello,
Sorry totally newbie question:
I know most people do: (ARV X 65-75%) - Rehab Cost = Offer Price.
But where does closing costs come into this equation?
Thanks,
Kyle
Shon Drennan
Financing using equity
I have a family friend who is offering to sell their house to me for $100,000 plus closing costs etc. The value of the home is worth $225,000. He is a trust fund individual and is only offering this price to me becaus...
Eric Lindsey
Owner Finance Question For Multifamily
Hello, BP community,
I am interested in learning about owner finance underwriting. Currently, I'm evaluating a property where the owner initiated a loan two years ago. My question is: How much equity should an owner ...
Adam F.
Non permitted addition
Scouting a home that the previous owner played builder on. There was a roof leak that created water damage on the floor and ceiling (small areas). My question is how hard and how expensive is it to keep the addition...
Matt Anderson
Rental payment options
I have a handful of rentals we are having trouble meeting up to collect the rent and my business partner has fallen ill. He can not make it to all the rental to collect rent when they are available. I am looking for ...