Nicholas M.
Bidding War - FHA vs Cash
FHA vs Cash Buyer
2 Family home for sale close to NYC. There are multiple offers on the house. 2 stand out. One buyer is coming with just shy of 40% down and the 2nd offer is bidding 30k more on the home with 5% do...
Abraham Kaplan
Bidding on an Auction website
Need advice for a property that is listed on an auction website. The property is in Roswell NM. The current bid is $111,000. In RESS the comparables are around 160k. It is 3 bed, 2 bathroom, 1775 sqft. It is a histor...
Abraham Kaplan
Bidding on an Auction website
Need advice for a property that is listed on an auction website. The property is in Roswell NM. This is the only forum in NM that I know of. The current bid is $111,000. In RESS the comparables are around 160k. It is ...
Sam Smith
$100 opening bid on Auction.com
I have been looking on Auction.com recently and have found that there are often several houses with opening bids of 100 dollars. Why is this/ will the bank ever accept that offer?
Joseph Legnard
Bidding on Property- Auction .com
I was listening to a older BP podcast and one of the guests mentioned buying prop at auction on line (but this was not the main title or subject of the pod-cast). He said something to the effect that you have to be c...
Albert Yamoah
Setting bid limits at auctions
When purchasing homes at foreclosure auction, investors/end users are not able to do due diligance until after purchase. Is there a formula (along with fervent prayer) for setting limits to the amount one will bid ...
David Carter
Bid on Multiple Short Sales
I'm planning on taking a trip to Florida for a few days in search of my first investment property. I'm thinking short sales or reo is where I will get the best value, but I heard that the short sale process can take a...
Harold Groetsema
how does a contractor bid?
I just got a property under contract, and I have 2 contractors coming tomorrow for bidding the rehab. My question is how are they bidding? Do they bid all the labor and materials? Do they include the appliances? Do I ...
Sam Leon
Scheduling multiple contractors for bids
I try to minimize having to be at the property, so I tend to schedule things close together.For example, I have three roofers to come by today for a roof leak estimate. One at 11:30, one at 12:30-1:30, and one betwee...
Ian Kisbert
When to get rehab bids
Hoping to start my first BRRRR and had a question about the timing of getting bids for the rehab and really the process in general. Once I have run numbers on a deal and have put it under contract, I plan to have a ho...