Simcha Davidman
Residential vs. non-residential mortgage
I recently got pre-qualified (waiting for the pre-approval letter any day now) for a mortgage on a residential property. The broker asked whether this would be for my residence or investment, and I told him it's an i...
Lisa Miller
7" Rain this month, Wet basement walls, what is the best sealer product?
Western Washington has had more than it's share of rain this winter. Seven inches this month alone. One of my properties has a full basement with cinder block foundation walls framed out with sheetrock. The lower h...
Juan Carlos Castillo
First deal all sorts of F'd up
Some of you may have seen my previous posts but anyway I've been looking at buying my first property in South Florida (Fort Lauderdale Village Area) for $225k with current rentals at $2250, and a possibility of bumpin...
Kevin Fintland
New to Bigger Pockets (again) - looking for recomendations/advice
Hello Everyone!
My name is Kevin Fintland and I’m seriously considering getting into real-estate investing. I live in Southern California (Santa Monica/South Bay area).
I will freely admit at the age of 40 I’m jus...
Stephanie Foret
unsucessful?
Hi all, so this may be a bit unorthodox but I am hoping to hear from people who tried wholesaling and lease options and did not succeed. I have been doing quite a bit of research and there are tons of success stories,...
Lee L.
former tenant sends lawyer letter over security
So, long story short, I am confident that my with holding of a portion of the security deposit was correct and accurate, and that it was done in the lawful time frame. I get this letter saying really a bunch of nothin...
Erica Anne Langston
First timer: two apartments, two retail units and a ball of angst
My partner and I have been looking at multi-family house for the past two years or so and have even gone under contract on two properties before pulling out because of inspection discoveries. We hadn't considered comm...
Mark Wurtemberg
Structuring a Partnership
I am thinking about going in on a deal that I found with a partner. Of course we would do a PA and cross "Ts" and dot "Is". Here are the terms:
I put 10% cash down Partner puts 10% downPartner obtains loan for balanc...
Alisha Decoteau
Letter of Intent & Proof of Funds
Does anyone have an example of the LOI and POF? Does the POF have the exact amount the Investor is willing to pay for?Our position is: My partner and I have looked at the #'s the #'s add up to around the asking price...
Chad U.
Max Purchase Percentage of UPB
I'm looking at picking up an NPN for $153K, and I just discovered the UPB is $144K but the Payoff is $176K ish. The seller's BPO came in at $215K and a local realtor has given a CMA of $277K, but conservatively is wo...