I've been researching ways to find legit connections that will lead to REO listings. I am willing to do BPO's to start out, however, I cant seem to find info on those either. Contacted the HUD asset manager for my are...
Hi Everyone,We are in contract on a 9 unit MF. While we anticipated some repairs in our offer price, the inspection has revealed some more significant issues with the slate roof (expected) and the brick and chimneys (...
Location: NW Indiana, greater Chicago area.
Asking price: 60k
Offer price: 55k
Loan amount: $41250 (25% down, 5.25 interest)
Expenses: $750 annual property tax, $900 annual insurance, 8% vacancy, 13% capex/repairs...
I am currently looking into my first deal out of state in a small town back east where the majority of the duplexes and apartments are owned by one family. They have quite a bit of section 8 housing and they have off...
Hello BP,
The wife and I are buying a lovely triplex to house hack. The appraisal came back $50k less than the purchase price. We want the house but don't want to overpay for the property. Our options are 1. Walk aw...
Can an asking price of a short sale be negotiated?
Hello,I am currently in my due diligence period on a 2 flat that was recently remodeled within 10 years. After walking the property with my contractor we realized that the second floor unit will need to have the floor...
Im looking to make an offer on a house for my primary residence. We contacted the listing agent and she gave us a tour. I've researched recent sales online and have a good idea of what to offer.
Does it make sense t...
In trying to think about structuring deals with potential motivated Sellers, what is the difference in tax treatment for profit from a sale (in the case of equity over mortgage balance) as compared to payments receive...
I have a seller financing opportunity that I'd like to pursue. I'm looking for some examples of terms that have worked for people:
Any down payment?Interest rate on the loan?Term (years) of the loan?Any other terms I...