Kailas Tare
Non FHA property should lower market value?
I am under contract on a condo and while doing conventional mortgage, my lender found out that condo association has more than 50% properties are investment properties. This disqualifies for FHA loan. I can still term...
James McGovern
Is the Only Way to Negotiate a Lower Price with Builders...
Is the Only Way to Negotiate a Lower Price with Builders is to have a pain in the butt inspector find a laundry list of problems and meaningless in the grand scheme defects to compel them to cut their numbers to move ...
Zach Hawrot
What is the least % return you estimate to receive on a BRRR?
When bidding on a property you wish to BRRR, is there a minimum benchmark you typically strive to achieve?
For a perfect example, if you can estimate the ARV will be 100k and know that you can complete the property f...
Reuben Friedman
Cabin STR into Flip
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $95,000
Cash invested: $60,000
Sale price: $200,000
Bought a great cabin in the mountains that needed a new sep...
Waleep Alvi
How bad could I be sued if I back out of a purchase contract?
So, I am in escrow and all contingencies is expired. I also waived appraisal which came in wayy low and now I have to bring in almost 30k extra. I doubt contesting the appraisal will do much. And the seller is not wil...
Justin Dragon
Negotiating Rents -Do I keep a good tenant at lower market rate?
Hi all,Hoping to get some advice/insight on my situation. Purchased my first property last November (Triplex in the Hampton Roads, VA area) and one of my inherited tenants is about to complete her lease. She’s paying ...
Mike D.
Is there a way to lower Service Call Fees?
I frequently have small plumbing and HVAC repairs at my rental properties. Leaky drain pipe, bad HVAC thermocouple, bad thermostat etc that take less than 30 minutes to fix. Most of the plumbers and HVAC companies cha...
Rory Egelus
Purposely assume the liens w/ my offer?
Here’s the overview - looking to make a unique offer on a property that has a laundry list of liens. Some lenders, some IRS, some individuals and attorneys. The long term property owner recently passed in December and...
Cory Lucas
Home inspection, negotiate further or back out?
Offered accepted on what will be a BRRRR deal for me, just had home inspection done today and it’s a little worse than I expected.Any tips on going back to the negotiating table? There are some structural issues, a fe...
JC Greyling
Importance of an Appraisal
This is a newbie question trying to learn the true value of a 'so called low' appraisal.
We offered on a new rental property and it went under contract. Using the BP calculator it looked all well, then the appraiser...