Sol Dubnov
Do not deal with this bank
Why would a company that has "no appetite" for investment drag potential customers through application and appraisal expenses while not intending to invest? Here is a story of a community bank in California (I'll post...
Kevin Jeter
Attorney will not write contract for less then 10%
Hello. I'm a wholesaler in NY. New York is an attorney closing state. My sellers attorney said he will not write a contract for less then 10% of the sale of the home. My seller and I agreed on an earnest deposit for m...
Sunil Kumar
$40k REO Condo - Originally 130k. Buy or Not Buy?
In a predicament. foreclosed loft sold for 130k in 2004, now an REO. bank wants 80k.
Taxes: 260+/mo.
Dues: 230+/mo.
All in all fixed cost to own the unit: $622
Will rent for $800 easily. $178/mo cash flow or $2136/y...
Travis Elliott
Bank didnt except offer OVRT asking price.
This home that I am trying to buy is a repo. I dont know if it is owned by a bank or other entity. I made an offer that was above the asking price. I thought that this would guarantee me or another buyer the deal.
W...
Chris Adams
Land development partnership gone bad, what can 2 partners do to 3rd
I have been hired as a GC to take over the day to day construction, marketing, and sales for a subdivision of new construction duplex's. In short I am 99% in charge of everything. Unfortunately the subdivision is a...
Charlie Gruber
Tools for electronic rent collection?
Looking for suggestions on tools to use for electric rent collection. For now I only have 1 property but looking to expand. My renter would prefer Venmo or PayPal but open to using other tools.Please provide pros/co...
Horacio Gutierrez
Renting to family and friends
Hello,
I heard from different real estate investors is not smart to rent to family and friends because you never know what issues could arise which could hurt the family or friend's relationship forever. My question ...
Llewelyn A.
Listing Broker May Not be Submitting my Offer to the Seller
About 2 weeks ago, I submitted an Offer to Purchase a Property for a Client/Buyer.The Seller's Agent got back to me and said that there is currently an offer with "No Finance Contingency" and because my Client will be...
Account Closed
Is a 2 year lease worth a $200/month rent deduction?
Hello, all.
The house is listed at 2,175, but I want to ask the landlord for a monthly rent of 1,975, in exchange for a 2 year lease with a buy-out option. Is this too much to ask?
I have an excellent cr...
Saul L.
Detroit- Foreign Investor
Hello Fellow BP'ers and especially Detroiters,I am an architect and an RE investor from Israel.Although I have been involved in the building industry for around 20 years, (mainly as an architect but also with RE inves...