Alex Ng
How to work with contractors
I'm looking to BRRRR my first property. Its a FSBO who is willing to sell to me. I plan to take a look at the property before choosing to purchase it. Should I schedule the contractor and run a scope of work and get a...
Dwight Porter
How come some sellers don't accept VA Loan Buyers?
Greetings,
I'm new to real estate and I found my first deal on a duplex in the Houston Texas area. I was going to house hack using a VA loan. I visited the property and made a strong offer. A few days later my realt...
Heath Thomas Jr
LOI vs. Purchase and sales in Maryland
If you aren't going through a realtor and want to make quite a few offers. Is it acceptable to use a short Letter of Intent rather tan the full purchase and Sales agreement in MD? I assume it is because every realtor ...
Nathan Simkin
Need help with recovering expenses?
Need advice on the best way to recoupe losses. I put an offer on a SFR. After some minor negotiations the seller accepted the offer. I did my inspections (general, termite, and the roof). The lender did an appraisal. ...
Omer Zulfiqar
lending for multifamily
HelloI am interested in purchasing multifamily properties. I will be putting down 25 percent, expect the loan to be in the size of 500 K to 750 K. In addition I am planning on paying off the properties in 10 years or ...
Dominique Mitchell
Short Sale - Getting an appraisal
Hello BiggerPockets.I am a newbie hoping I have my first deal completed soon. I have a question about short sales. The home I have under contract is a single family 3bed 1bath. Will be adding an additional bathroom on...
Kyle S.
Flips - Calculation offer price
Hello,
Sorry totally newbie question:
I know most people do: (ARV X 65-75%) - Rehab Cost = Offer Price.
But where does closing costs come into this equation?
Thanks,
Kyle
Shon Drennan
Financing using equity
I have a family friend who is offering to sell their house to me for $100,000 plus closing costs etc. The value of the home is worth $225,000. He is a trust fund individual and is only offering this price to me becaus...
Eric Lindsey
Owner Finance Question For Multifamily
Hello, BP community,
I am interested in learning about owner finance underwriting. Currently, I'm evaluating a property where the owner initiated a loan two years ago. My question is: How much equity should an owner ...
Adam F.
Non permitted addition
Scouting a home that the previous owner played builder on. There was a roof leak that created water damage on the floor and ceiling (small areas). My question is how hard and how expensive is it to keep the addition...