Antonio Bodley
How much deposit do I need?
How much earnest money deposit money do I need to put down when I am flipping property from a private seller? And how much deposit do I need to get from the end buyer I assigned the property to?
JayCinta Henry
How to choose a rate
Got these rates from better.com. In consideration for SFR purchase, about $250k, as a primary with 5%, house hack for one year and then rent out. Goal is to cashflow and future equity.1-Which rate makes sense? 2-What ...
Brandon Kegarise
Purchase Contract Breach _ Multifamily
Hello BP Community. Needing some insight on a first time situation. I currently own and operate 9 SFHs and (1) 4 plex in the ETX market. On 2-19-24 we put under contract 5 duplexes (1.398M) to increase our rental p...
Terry Royce
Putting under contract with no deposit.
I always see people mention when putting under contract to assign how do you not put any deposit down, I would think most people would naturally want a deposit, and it would be hard to convince them otherwise.
Also, ...
Tom Seigold
Reality check: is my property-acquisition plan sound?
After debts and household living costs, I have roughly $40k/year in disposable income to put toward down payments on new properties. If all goes well, my hope is to average buying $200k worth of property every year (...
Sam Schrimsher
Please Review My Lease Option Plan
I recently closed on a home with a swimming pool in Rochester. I'm going to be into it about 97k (paid 80k, but with closing costs, and selling cost down the road, and the repairs I should be into it about 97k). At 97...
Kelly Williams
cash flow of $450
I am about to get a 3 bedrooms condo overseas. Condo costs around 75K no closing cost. Maintains around $100 per year which is very cheap. Monthly cash flow $450 USD My question is that, this sort of investment worth ...
Ben Skowronek
FHA down payment requirements for lease option
I've heard FHA loans typically require a 3-1/2% down payment. I'm currently in a lease option agreement with my landlord. When I secure an FHA loan, will I need to bring 3-1/2% to the table? Or will the $41,000 paid t...
Carl Kahkonen
having someone putting down the earnest money deposit and splitting the fee
is it possible that someone would join you and put the earnest money deposit down on a property to get under contract if you don't have the money and the two of you could split the fee. How does this work and doe...
Chad Brown
New Member Introduction!
Good Morning,
New member here and I have been considering real estate for quite some time, but only recently started taking it seriously. I currently work full time in the electric utility industry, and with the con...