Rick D.
Due Diligence Checklist / Form for Small Apt Bldg
I’m considering the purchase of a nearby 6-unit apartment building. Does anyone out there in BP land have a due diligence form or checklist they’d care to share? Or, can you point me towards a good one in file place?
J.R. King
Question about buying a home during the redemption period
I have a house about to go under contact right now. It was forclosed on by the bank, and is now in the redemption period, until the end of April. The owner is willing to sell the house to us, but wants to stay in th...
Tyler Benner
Beautiful Primary Residence Flip
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $305,000
Cash invested: $105,000
Moved into this house as primary residence / flip / house-hack in 2017. I have do...
Shaun R.
Allowances from bank
I spent a little time as a real estate agent years ago, and I saw over and over again that during the inspection period the buyer would ask the seller to replace some flooring. They would usually end up with the sell...
Lashinda Winters
Terminating a Contract
Hello All,
My first wholesale deal is not going as expected. I've asked the homeowners to go down on our original price of $93K to $85K because I have a buyer. This amount is actually the payoff amount and no...
John H.
House under Deposit questions
I have rehabbed a few single family homes that all sell to first time home buyers. Most times these houses go under deposit and sometimes fall through due to financing.
The latest one, on market for 8 hours and we...
Adrian Fernandez
First rental property! Offer just accepted
Hello fellow BP folks!My wife & I just had an offer accepted on what could be our first ever rental property here in Allen, TX. We've been searching for months now & finally found a home that we're excited abo...
Josh R.
Utilities have been off for over 2 years...
What problems should I be looking for in a home that has had no utilities on for over two years?
This is a brick home that was built in 1955. I know our extreme temps in TX can wreak havoc. Any advice is appreciated.
Gerardo Dominguez
Buy a property without inspecting utilities?
Hello BP nation! I have a property under contract and the seller is pushing back on some stuff. The thing that worries me the most is that they don't want to turn on the utilities. I'm doing extensive rehab (SOW is...
Shannon Cannon
Fannie Mae question...
We just put an offer in on a Fannie Mae home. After some negotiating, they accepted our offer, and we signed the contract and put 2500$ earnest money down. We are now getting cold feet and not sure if we've made the r...