Vidyadhar R.
house won't appraise to full ARV if refi before seasoning period?
Hi members, I'm doing a BRRRR on a SF. buying ($60k) it using a personal loan and plan to refinance (ARV $80k) it from a local lender after rehab ($5k). rehab duration would be a month. I want to refinance asap after ...
Jeff Jennings
Tax Deed Properties Purchased at Tax Deed Sales...
Quick question regarding purchasing tax deed foreclosures. If you purchase in a "Redemption" state where the title company won't issue title insurance for the length of the redemption period, are you able to re-sell t...
Kyle Curtin
What is a Mortgage “Grace Period”?
Quick tip about mortgages!Did you know that you aren’t “required” to pay your mortgage on the 1st of the month?! Let me re-phrase, banks typically give you what is called a “grace period” when you have residential mor...
Chad Seay
Getting your offer accepted!
I am a Realtor and investor and wanted to share how an investor got his offer accepted on one of my listings this week. The listing was a fixer upper and attracted 7 offers quickly. All of the offers were "as is". All...
Jeremy Kersten
Buying on courthouse steps
I've heard when you buy a foreclosure from the court house steps at auction that you cannot resell the property for X amount of time to give the foreclosee a chance to buy it back. Something like a few years? Could so...
Christopher Vargas
Need Help QUICK Buying from a Wholesaler
I found a decent property being sold for under $40k. The wholesaler is requiring a nonrefundable $5k earnest money due upon signing of contract. But by email, we agreed to a 3 day inspection period. Does this mean I n...
David Smith
Undergraduate student interested in REI
Hello everyone,I am a college student in Sacramento, CA, 21 years old, and have recently discovered REI. I grew up in a small town of nearly a thousand people and upon moving to Sacramento, I became aware of the endle...
John Fortes
Is it a good idea too...
Hello BP,I'm new to all of this but I'm looking to jump in. I've always had the itch to do real estate and now I believe its calling me but just need to get started. I appreciate all the help and advice any of you cou...
Account Closed
Brrrr in real estate
If i use the brrrr method how long in to the loan should I refinance it
Andy Levin
States with Option Periods
In Texas, option periods are the norm in real estate contracts. These option periods allow for buyers to back out of the purchase for ANY reason at all - even if the buyer just decides “no, nevermind.” I am curious to...