CJ Moulton
What happens when an appraisal is higher or lower than the purchase price?
Hey BP,What happens when an appraisal is higher or lower than the purchase price?Lets say you put in an offer for a house at $200k, and it gets accepted. Once the appraisal is complete, the value is now $150k. What ex...
Alvaro Rodriguez
What happens when appraisal is lower?
I am in the process of closing on a house, closing date is 2 weeks from now. However, the appraisal the lender ordered came back $17k lower than the asking price. At this point what is the most logic next step? I don’...
Angello Campbell
Sketchy Lending fees
Looking for an opinion from the many professional investors here. I am in the process of closing on a (4) unit Multifamily on Monday 11/13. When the original loan was drafted It was for a sale price of 325K with 20% d...
Gabriel Galarza
Are closing costs negotiable? If so, which ones?
Are the banks closing costs negotiable? If so, any tips or advice? (This negotiation would be done with the bank, ive already negotiated with the seller or them to cover 3k of the closing cost.)
John Accardi
Multifamily - Should I have a Buyer's Agent?
I'm looking at 10-40 unit apartment buildings in the Lansdale, PA area. Should I have a buyer's agent represent me? This will be my first deal. When I ask listing agents, they always say that it's not common for a buy...
Shine Guo
Negotiating Title Insurance and Closing Fees
Hello!I have always been shocked by how expensive title insurance and settlement fees are. As a buyer, has anyone had experience either negotiating with the incumbent Title Insurance company on how much they are charg...
Sheila B.
Commercial Newbie Question
How ridiculous is it of me to negotiate with a seller’s broker rather than have a broker represent me? What are the dangers I should look for (if any), or should I not do it at all?
Kristina Nutt
Pre-approved spending for property managers
What is a good amount to pre approve for a property manager for spending? What about emergencies?I'm new to investing in rentals.
Chase Caudill
Locked Interest rate changing during closing?
Hello I close on a a four unit in two weeks. I locked my interest rate and I understand you normally can't get out of that rate. However I'm just trying to see if there are any stipulations to get out of that locked r...
Jonathan Jewell
Making the offer. Full Price or reduced price
How you all doing fellow Bp'ers. Gotta another question for the group. I came across a multi-unit, that did a walk through on and I want it. It would be my first, just an FYI. But it has all the ingredients, gre...