Just saw a home that needs some work. Bank owned listed for 53K. The realtor got wind that there are plenty of offers all above asking. Bank owned and it's a really good deal and we are about to write an offer up for ...
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Hi BP - I am buying an investment property for $90,000 with 25% down. All of my costs are below. The closing costs seem VERY high. Is this a reasonable amount to assume paying?Purchase price: 90,000Borrower closing co...
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I have a duplex I'm looking to purchase as a BRRRR, it's fully gutted inside but has a new Roof, Siding, Windows, Electrical Service.My question is how do I accurately estimate rehab costs for the :
- Electrical
- P...
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Hello,I just received a Landlord Insurance quote from Liberty Mutual for $2,707. Does this seem high?Background: 2-Family Built in 1896Located in Cincinnati OhioUpdated Plumbing and ElectricalI will not be owner-occu...
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Hey Everyone,
This is my first short sale and I'm having trouble finding the answer to my question.
I made an offer on a short sale that was given to the lender. The lender recently did a bpo and the listing agent i...
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I have a property that was a complete nightmare to rehab. Hindsight, I should have knocked it down and started from scratch, but that's all behind me now. So, the home is finally finished and has been for about a mont...
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As investors, we know that sometimes we have to make offers to homeowners that they might feel is way too low, right?Well, in our business, we put a lot of pride and effort into developing a rapport with our prospecti...
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Hello BP community!
Has anyone had experience with wiggling out of a bad situation? I'm a part of partnership that attempted to do a flip in Fl, but due to market conditions, bad contractors and multiple change order...
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Hello BP Experts! I am looking for another property and wanted to learn what others look for when finding a property. I've narrow it down to 3 different categories for what an investment needs to be. Can you provid...
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Hey all! Looking to move to a new state and looking to house hack! The question I have is: if I purchase early with less than 20% down and not move in right away (move-in date is slightly less than a year from now) wh...