Jeff O'Neal
Broker Pro-Forma vs Income Statements
I’m currently under contract on a 16-unit apartment complex. The broker’s pro-forma showed NOI of $51K, however, when I dug into the income statements, actual NOI was only $36K. I called the broker, and she explained ...
Erik Pfundstein
When do you bring in contractor?
Hi guys im looking to BRRR in near future as a first investment purchase, most likely 3-4 plex. When im looking at properties on zillow, etc (not yet using a local realtor but i will be for MLS) sometimes all you can ...
Shawn Wilcox
Sell for capital to scale or hold for bigger long term profits?
My business partner and I purchased a commercial office building a few years ago with creative financing. All of our leases are being renewed and renegotiated within the next 8 months. If the leases end up in the real...
Mark Davis
Negotiating REO Properties
I've never invested in an REO. I wonder how willing banks are to negotiate their prices when it comes to their REO listings?
Jonathan (JB) Borchers
offers over the phone, site unseen.
hey all,
i am still learning and adapting wholesaling principles into what works best for me, but i have a couple of questions for how you all like to operate your wholesale offers.
many people make offers over the ...
Ashly Frasso
30yr Fixed vs 7yr Arm
Hi BP Team,I have an investor in the middle of his BRRRR and would love your input.He purchased a duplex for $1.1mm. He financed 80% with a 30yr fixed at 3.75% and hard money loan for the balance at 3% for 2years. Aft...
Mason Schuster
What to do if you can't find a buyer wholesaling?
I'm looking to get into wholesaling but am curious about what happens if you get a house under contract but you can't find a buyer in time. What would happen in that case? Any and all help is much appreciated!
Cheers...
Jeremiah Ramp
Lender wont loan on property. Ideas???
Hello BP! I am in contract for a commercial property what is in disrepair. There is a cinder block garage that I was going to use as my shop (im a plumbing contractor) and a 2 story house built in 1912 that i was hopi...
Rich Weese
Differences in buying larger complexes you MUST learn before you buy.
There are some significant differences in the acquisition process on a larger property. I just completed one and have been asked to document the process by some BP posters. Here is the first entry in that journey. Ric...
Yaniv Tivon
Seller's Agent Asking for Appraisal Report
Hi everyone, I'm under contract to buy a property that appraised higher than the purchase price. The seller's agent has asked several times now for the appraisal report even though I told him the property appraised. T...