Brian Zitzow
Realtor shocked I want to offer 100k less than asking price.
So I just got off the phone with my realtor. I want to write an offer for 245k on a duplex that is in probate and asking 350k. He was shocked. He said he "knows it is worth at least 320k". It's tax assessed at 315k in...
Fred Engh
Should I ask for a buyer rebate? Or, am I being too cheap?
I called the listing agent on a foreclosure listed at $35k. I told her I'd make an offer (not at $35k). Mine was significantly lower.She told me she'd e-mail me the documents to e-sign. She had everything filled out (...
Mike Miller
Altering Your Proof of Funds for a Viewing?
I do not have the intention of this, it simply came up in a conversation with a new wholesaler. I also am not referring to POF "Letters", I am aware of how those work. Just would like fellow agents/investors opinions ...
Carol Lee
Inherenting tenant with 2 pitbulls
Happy New Year everyone!
I recently purchased an investment property and will be inherenting a family with 2 pitbulls.
Please advice on how I should word a clause in the contract to protect myself as a ...
Albert Yamoah
How is wholesaling considered real estate investing?
This may be mind boggling but I do not quite understand how wholesaling is considered real estate investing. Please explain. AY
Westin Hudnall
Using 401 K money to pay off my primary mortgage - Good or bad idea ?
My story : I'm 30. Fully vested with $55,000 in my 401 K . My primary mortgage has a balance of $35,000 left of my original $182,000 loan I got 5 years ago.I made a lot the past few years during the down economy and w...
Justin O'Malley
I NEED YOUR CRITICISM ABOUT MY 401K
Hey BPers,So I've been brainstorming about how to start stacking up my finances to come up with a down payment and I came across something. I'm freshly out of school and I have a good paying job but it still takes som...
Sam Erickson
What's the deal with CPAs advising against LLCs?
I have recently seen multiple post by people saying their CPA has advised them against putting their investment property in an LLC and to own them personally.Am I missing something because this seems crazy to me? I c...
Aaron Sizemore
Tenant could not pay full rent. What would the pros do?
So here's a little background on my situation. Just wanted to get some input from you guys on how one should handle this particular situation. I purchased my first rental property, a bank owned townhouse approx. 1 yea...
Account Closed
Flipping With Hard Money.. No Way To Profit. I don't believe it.
Using hard money at 10% interest and 3 points... As I run multiple scenarios on a house with an ARV of $200k and say 40K of rehab (thats what one GC blindly told me.) I'd have to offer as little as $89000 to the sel...