Sam Bader
Bank asking for cash only deals
I’m looking at a single-family residence in Chicago, IL 60633 the property needs $10,000 in cosmetic repairs and the bank is asking for a cash only deal? What does that really mean?
Jeremy Kinard
Up and coming investor in ATL!
Hello to the BP community! In the past year I’ve read a number of BP books and have learned a lot from the forums. I just took the plunge on the Pro membership and have been analyzing deals with the various calculator...
Orlando Goodon
HELP, I can't find financing for 4 unit 5% down. FHA SS fail
I found an AMAZING house with amazing views and 4 units, but the rents in the area are too low. On the bad side of town, similar units go for up to $1700. The house is in the best part of the area. Great quiet tree li...
Levi T.
Buyers Closing Attorney Withholding Money After Closing?
We wrapped up closing 3 days ago on an apartment we where selling, and today we learned the buyers closed on Wednesday as well, but they have not recorded, and the buyers' attorney is holding money because the buyers ...
Charles Patterson
What Would You Do (Seller Financing Recourse Stipulation)
Not here to evaluate the deal, but to evaluate a stipulation that the seller has.The numbers of the deal works out to $100 per door on a duplex using seller financing on a free and clear property.However, during the n...
Allan Tolbert
Why so much hate for wholesaling by professional and etc?
After learning about wholesaling real estate, just confused why so much negativity towards wholesalers if it's legal, especially by agents and cash buyers ? But I'm still interested in getting started no matter how fo...
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how do you calculate HARD MONEY???
hOW DO YOU CALCULATE A HARD MONEY LOAN USING A CALCULATOR? iN OTHER WORDS CAN SOMEONE GIVE AN EXAMPLE OF A SITUATION THAT THEY NEEDED HARD MONEY AND SHOW US THE MATH. THANKS IN ADVANCE.
Mike Bonadies
Wholesaling an Eviction - A success story
Hey BP Friends,I recently closed on a very interesting wholesale involving a rental property and wanted to share my success story!The property: A duplex located in Gloucester City NJ. The property was older and had de...
Greg P.
How do you deal with this?
Hello, a few months ago, I met a realtor in his office who was a nice guy and also had a strong personality. After the meeting, he was persistent and followed up every month or so. Here's the problem; I'm not workin...
Robert O'Keefe
Investment Property Loan Requirements
Investment and commercial properties have different loan requirements than residential properties.
A higher down-payment is required. The minimum is 25%. This is the first key difference.
The reason for this: banks...