Michael Yan
first time Multi-units commercial loan - origination fee
I am negotiating a multi-unit rental property in Baltimore. In agreement but after inspection I want to re-negotiate. Total loan amount is about $800k depending on re-negotiation result. Just talked to a loan officer,...
Josephine S.
Should I tackle on these 3 properties with Hard Money?
Hello Bp community, I would like to start off and say that we appreciate all feedback and advice regarding this post, that being said here is the lowdown of the situation. My husband and I are new to REI wholesaling i...
Lori McGuire
Discovered Lots of Mold During the Inspection
I'm in Chattanooga, TN currently. My property inspection on a 16-plex I purchased was yesterday. Crazy how much mold is underneath all of the units, so I'm sure it's deep in the walls, etc. Also, 16 joists need to be ...
Chris T.
Rent Non-Payment and Lease Negotiation
With the recent report of large national tenants (Cheesecake Factory, Mattress Firm, Subway, etc.) already announcing that they will not be paying April rents, what will be the long term impact? It sounds like some o...
Ceril S.
Can the seller do this? Cancel leases?
Hi BP gang,I find myself in a strange predicament. We are under contract for a house that had an advertised rent with an advertised rented out period. "Fully rented until 2016!" Yeah - I know - should have seen it co...
Doug Eric Gueirn
Using Real Estate Agents, Brokers and Realtor as arbitrage buyers...
How possible is this strategy for finding solid buyers? Hello, I am new to the Real Estate investing, wholesaling business and I am not sure how possible it would be to use agents or brokers to buy new properties that...
Riki Tang
My Property is worth $1 million dollars less.. due to COVID-19 ??
***June 2020 NEW UPDATE***: As a follow-up from my deal in contract below, I am thankful we are still in contract due to Covid-19. But now, the Buyers want to renegotiate a lower purchase price significantly reducing ...
Robert Voeltz
Found electrical issues after no contingency offer was accepted
Hello everyone, this is my first post here on biggerpockets.com. Unfortunately for me this is a question I should have asked prior to making this offer to purchase. The property is being sold via power of attorney. T...
Brandon Woodall
My realtor comped my house wrong!
SO... Realtor comped my house as a single level at 1700 sq ft, but its a split level that is a finished basement. Which the appraiser is saying should've been comped way different. So the realtor came up with $215,000...
Chase Gruening
Negotiations and Cap Ex
I am getting close to getting a contract on my second multifamily deal. I am having trouble estimating a accurate cap ex and we are about 20k apart on 330k counter offer. The deal involves 3 separate duplexes (6 total...