Michael G.
Take the offer off the table?
Got an offer from a seller to buy her home in foreclosure. Seller mentioned on the phone that she wants 300K for the property. ARV looks to be around 725 k with 150k in repairs. We offer 300k but seller says she needs...
Daniel Dietz
Deductability of 'home imporvements' if running business at home?
Hello All, As my day job I am a Kitchen and Bath Designer and Remodeler. I have a showroom in a commercial area and have long planned on making a small Design Studio in about 10 years as a 'semi retirement gig' in my ...
Tony F.
Contacting Bank about property about to go to foreclosure..
Had my eye on a multifamily property that got listed yesterday... today listing got taken down. Talked to the listing agent, she told me the Bank is owed more then the value and the realtor commissions total so she is...
Mark K.
Meth production found in garage
MN Landlord handbook says we could have property confiscated if same tenants are found with over $1000 worth of drugs a second time-the ex girlfriend who moved out wants to move back in-can we write a new lease with ...
Mike Schorah
What’s more important? Motivation or condition?
When sourcing deals, is it more important to ask when they’re going to sell or is it more important to ask the property condition?
I heard somewhere that the more distressed the property is the easier it is to get ...
Account Closed
80/15/5 (95% Cltv) loan programs are back!
Example: 400,000 purchase price 80% ltv 1st mtg.= $320,00015% ltv 2nd mtg.= $60,0005% down payment= $20,000Avoids Monthly PMI payment Very strong financing program for multiple reasons
Levi Koskan
Writing a letter to the owner of a property Template
Hello & thanks for the help,I've identified a potential investment property but due to lack of public phone records or online presence of the home owner my last option is to write them a letter.Pulling title and l...
Stanley J Okazaki
Trimming the fat off your rental portfoilio
Wondering if any experienced landlords/ property managers out there have figured out how to "trim the fat" off their rental property expenses & or time allotted to them? Examples include: -writing into the contrac...
Anasya Taylor
Is Virginia a good place to wholesale? ie, Richmond, Henrico?
What is your opinion on investing in VA? Is it too competitive? Specifically Richmond, Henrico, Northern Virginia..
Edgar Fraire
Home Fire Claim - Right to Invoices - Dishonest Contractor
Hello, I filed a fire claim with my insurance company (TX). I was pressured (by adjuster) to use their "preferred" contractor to do the work. It was huge mistake hiring insurance preferred vendor. I won't go into ea...