Nick B.
Buying a REO with a quit claim deed - bad idea?
Hello BP,I came across a property (SFH) that is offered for sale with the following clause:Buyer will accept with a quit claim deed-no title insurance, assume any liens, code violations, fines.The property is owned bu...
Mark Doty
20 Unit Deal - Commercial loan questions
Hey BP Community,I'm trying to figure out how much cash I'll need to raise in order to obtain a commercial loan and be able to close on a light value add property. He is roughly what I've come up with but would like ...
Justin Yurong
Found more repairs than expected during inspection - Fresno, CA
I am currently near the end of escrow for a triplex in Fresno, CA (Oleander Ave and Trinity St). The plan is to fix it up, live in one of the units, and rent out the other two. Through inspections, I found that it nee...
John Umphress
Looking for buy-and-hold MF in midwest or southeast
Howdy! Been lurking here for a while to pick up some data/observations on different markets. In the process of selling a commercial property here in Austin and looking for replacement property. (Austin has become a...
Joseph Sangimino
How to determine how much someone else paid for a note?
Hi! I need to determine how much someone else purchased a note for and what kind of margin they are looking for to flip it.There's a property I'm pursuing that is a little out of the ordinary - so I can't quite wrap m...
Lynne MacFarlane
How not to appear like a babe in the woods -1st experience w/FSBO
HI BP gang! Greetings and Happy Spring!This is my first time posting and I am new to the BP community & new to real estate investing, but have enjoyed listening and reading about Long Distance Investing and everyo...
Ken Hicks
Problems with contractor dragging his feet on repairs
I just purchased a duplex and the one side needs about one week of work and its week 5 and only one thing was done. I didn't sign a contract because the management company recomended him. I even gave him half of the r...
Jeff Kennedy
New law restricting local banks from funding loans for properties consisting of less than 5 units
Has anyone heard of this?
I have a duplex in Northern California. We have owned it for two years. We now have quite a bit of equity and I'm looking to refinance and pull some cash out for another deal. The pr...
Bill Briscoe
What rehab improvements will maximize resale?
I'm buying a foreclosure for $84K, ARV should be $125-$130K based on comps, maybe a little higher based on quality and condition. 3/2.5/2 1720 Sq Ft, 1988 construction.
The loan package consists of a 6 month IO const...
Jarcelyn Dorsey
Making offers to Listing Agents-What's the Process
Ok I'm done trying to work with agents!!!!!!!!!!!!!!!!!!!!!!!!!! So I would like to start making offers on mainly REO's by going through the listing agent.
I looked at Stephs' article about finding the contact name a...