Kerry Boyle
Fix and Flip question...
Theory question here, curious as to everyone's thoughts.$155,000 purchase; $50,000 rehab; $350,000 ARV.Would you rather: A: Fund the entire thing on your own, $205,000 + $3,000 closing costs.B: Pay 7% I/O, and put dow...
Dolores Waldron
Help negotiating with Seller after inspection in a 'hot market'
Hi,I am in the Boston area of MA where property is VERY hot and a lot of it going for over asking.Buyers waive all sorts of contingencies to try and get the property, they have a lot of cash and can pay over asking.W...
Phillip Elliott
Possible first deal
Hey guys I'm a newbie looking for my first deal and I have stumbled across a foreclosure in my own neighborhood that has been on the market for 3 days. It is in a very nice neighborhood with good schools.
Details
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Nayeem Khan
Property Insurance During Renovation & After
Hello BP,I’m a new investor who purchased a SFR in Illinois. I’d like to get the property insured. I’m a bit confused and quite frankly frustrated, as to what policy will best fit this situation. Since the property is...
Kathy Collins
What are the chances?
A friend of mine owns a home that is going into foreclosure. It would appear that when the last appraisal was done, a vacant parcel that she also owns was taken into consideration to reach the appraised value. This ...
Donald Jaronsky
Selling my 5.5 acre property with 8000 sq ft barn to start my real estate journey
Hey guys, I have a 5.5 acre property in blairstown NJ. I was running my landscape construction business out of it. I have a 8000 square-foot barn with 1/2 bath and it is plumbed for another half bath on the second lev...
Vasant R.
Putting offers in on properties - Be 1st or be last
I've been having a hard time finding a property to purchase. As soon as I seem to find a decent property there are multiple offers on it. I've ended up putting in the offer anyway, but nothing has come out of it yet. ...
David Stone
Deny applicants because ONE doesn't fit minimum qualifications?
Hi, I have a couple who applied for one of my units. I have not had the best gut feeling about them from the beginning. After running their applications (background check, credit, etc.) everything has come back satis...
Mike Trzaska
Credit score decreasing due to mortgages
Hi BP,I know most people here with multiple properties have dealt with this situation. Over the past 18 months I have acquired 4 rental properties, refinanced my home, and opened a HELOC. All good things, except my cr...
Jack Browning
Appraisal Square Footage HIGHER than MLS Listing
Hello!Looking for some insight on this unique situation - I tried to search for answers online and completely struck out. There are tons of responses for what to do when the appraisal comes back with a LOWER square fo...