Dean D.
How to objectively estimate a properties relative value
I apologise if this post is a bit long winded, however, I am starting to look at my first home purchase (will be house hacking as per Set For Life by Scott Trench). As such, I am trying to understand how to objectivel...
Cynthia Hartley
Should housemates' rent be claimed as income?
Hi all,Can/Should a homeowner with housemates claim the income (rent) and a portion of expenses (landscape maintenance, cleaning service, utilities, home repairs) on taxes as a business expense, if it is the homeowner...
Josh Parra
Servicemembers Civil Relief Act Question
I found a property that is obviously abandoned. After doing some research on the home I've found that the original deed is not assumable without VA approval. In 2011 an Order of Notice was given by the Land Court/ Tri...
Louis Kelley
Investor from Texas
Hello BP Community,Long time lurker. I recently dove into the deep end of the pool and purchased 3 duplexes and a SFR in the Chicago Suburbs ( my home town) over the past few months. My immediate objective is cash fl...
Danielle Desaulniers
HML and Cash offer
Hi everyone,
My question is this: I am in the process of purchasing an REO (my first one), we told the bank it is a cash offer but the money is coming from the HML. Is that really a cash offer?
Also, the bank wan...
Ray anthony Nunez
Seller Objections
My first time calling a seller wasn’t exactly what I expected, I was nervous and I wasn’t’ sure and 100% informed on certain things. The seller ended up hanging up on me and I was left with no opportunity. And so my q...
Peter Blount
New Member from Palm Bay FL
Hello fellow BP members,I am a new member from Palm Bay FL, but commute to work in Orlando. I am close to retiring as a teacher/coach. I begin dabbing in RE in 2005 when I purchased a multi-family property with a quit...
Bryan Hartlen
Foreclosing in Illinois
Wondering what we should expect in terms of time (and cost) for an uncontested FC in Illinois. Christian county (not Cooke). Any recommendations on a good firm (or firms to avoid)?
Marian L Claville
Buy&Hold vs. Wholesale
Hello AllSince I last posted I have been hard at work building the wholesale side of my business. Recently, (yesterday) I came across a great deal for 2 houses. The first house is $10,000 that has a renter in the home...
Malik R.
VA Owned REO contract and foreclosure issues
We made an offer with $2K earnest money using the regular real estate offer forms on a REO property in California that is owned by VA. The offer was accepted but we were told VA does not accept the regular forms and h...