Jonathan V.
Current rent is too low.
I'm currently considering a duplex, list price is $45,000, but I've been told I could probably get it for around $37,500. Very low crime area, good location. (I'm from the south in low populated blue collar area)
T...
Therese V.
Making an offer, need advice
Home for sale about 2 blocks away from our first rental property (this would be our second). We paid $52k for the first property.
This rental is basically the same, except it's a brick home instead of siding ...
Mike Rodriguez
How does a Mortgage work? - Newbie
Hi All! Can someone please clarify this for me? Let's say the purchase price of a house is 200,000. I put 20% down that's $40,000 so my loan would be for $160,000.Let's say it's a 30 year fixed at 4%.This means :$763....
Jeffrey Hayes
Proof of Funds letter for only Sale Price amount?
Hi everyone, quick question, I'm putting an offer in on a REO property today and bank is requiring a proof of funds letter. I've provided one to other banks before for other purchases but is it a good idea to only ...
Danna Gramme
We need Short Sale Help
A real estate agent called me regarding a short sale he has listed. He is working with the Bank's negotiator. The property is listed at $380K. The seller owes $385K. The property is in fairly bad shape:
The roof need...
Jared Whitfield
Financing and my credit?
Hello all,
Hopefully this isnt a dumb question and Im not even sure what the right category for it may be. However I cant seem to locate an answer.
When applying for financing consistently for flips doesnt this din...
Louise McEwen
Should I buy in the Phoenix, AZ market?
Hi,
I have been following Bigger Pockets for awhile now, I have been watching the market for a little over a year, and am ready to own again. I have been a renter for the last 10 years and my current landlord is doin...
Account Closed
Really liking note income
Most of my income is derived from re-sales. I cash out of most of my re-sale deals and usually only carry paper in order to solve a problem. However, this year I created two small seller carryback notes as a way of ...
THU NGUYEN
Buying Pre-Foreclosure Properties
Hello BP members,I know of a few pre-foreclosure houses in my subdivision where I live and where I have properties for rent. Is there a check list of all the due diligence steps I should do (doing my homework) before...
Judy Parker
How to Aquire Abandoned Property
A vacant parcel of land in New Jersey has no living owners. The elderly owners passed away. They left the parcel to an elderly homeless man who passed away intestate. Technically there is now no owner of this property...