Alex Fenske
November 2023 Housing Market Update (Northeast IL MLS)
November 2023 Housing Market Update: No inventory growth in sight despite high mortgage rates_____________________________________________________________Supply – record lows and falling- There were 10% fewer homes li...
Erica M.
House deal fell through over $500!
Hi. We are the buyers. We went to sign contracts with the lawyer and the sellers tried to pull a shady move. They wrote in the contract that theywill not credit us the $500 for property condition. They wrote that is w...
Mark Bondurant
Buying a property on verge of foreclosure
I'm wanting to put an offer in on an on-frame modular in North Carolina. The owner has missed mortgage payments for about 3 mos. If I move fast, shorten due diligence and pay cash to close in say 3 weeks, can the bank...
Dave Kay
Question for Loan Officers regarding eviction during escrow
Long story short. In escrow on a 4-unit in rent controlled Los Angeles. In the middle of escrow I found out that 1 tenant is actually 6 months late in rent and I was horribly misinformed from the start. Seller has sta...
Cheryl C.
Seller removed the furniture that was supposed to convey.
I'm closing Wednesday on a short that has been in the works since April. It was an investor owned fully furnished rental. I found out today that the seller removed all the furniture (including 2 tv's). It's a 1/1 c...
Arion D.
Owed Rent From Previous Landlord
Hi All, Purchased an 8 family rental property in New Haven, CT. 6 of the units at my property are section 8. I closed on 9/20/18, and getting the Section 8 packets completed in that month was impossible. The rents for...
Brandon Stevenson
Wholesale purchase agreement
I’m looking to wholesale a property but the purchase agreement sent by the seller has States this “LICENSURE: The Principle of the Buyer's entity does hold a real estate license.” Does this mean the property can’t be ...
Philip Hernandez
Lead based paint Seller knew and did not disclose
What's up BP community. I just bought a property that literally 2 days after we closed on it the tenants informed us that the city had cited the owner for lead based paint, and that it had to be remediated. The owne...
Dave Rav
47-unit Mobile home park
I am eyeing a 47-unit MHP here in SC. I'm seeking feedback on this deal, primarily is this a good deal and price? Details below:$700k**(I'm aiming for $625k)Seller Fi, with 20% down.Will finance for 25 years at 6%47...
Phil Kurumunda
Income/Expense Analysis -Verification
Hi everyone and Happy Thanksgiving. I am working on a few deals and wanted to ask, if there was anyway to verify the income that the seller of the property is actually listing in their current income/expense financia...