Doug Haisten
Does anyone have a double closing contract for both sides
I am speaking with a closing attorney to get them to do a standard double closing. I define standard as when funds from the B-C transaction (me selling my interest in the A-B transaction to buy a property) are used to...
Thomas Mitchell
Dear rookie wholesalers, Here's some advice from someone who has been doing it.
The radio ads and facebook ads have told me that the real estate guru's are rolling through my town selling their $15,000 classes. How else do I know this? I have had about 10 rookies call me this week to ask me if ...
Britton Schow
Should I sell my duplex?
My wife and I purchased an up down duplex a few years ago for $124k. At the time the basement unit had been renovated up to the sheet rocking phase and the upstairs unit was vacant. We did a facelift on the upstairs u...
Will H.
Equity
Hello BP,I currently own a investment property with a good amount of equity and would like to use that equity to continue purchasing properties. This will be my first time doing this so I need some advice from experi...
Victor Viyuoh
Need Feedback on 2nd Los Angeles Purchase
Hi, My wife and I are about to buy a duplex in Los Angeles and I ran the numbers but would appreciate any feedback on the deal. Property: 8/4, in East LAYear: 2010Ask: $750KBought: $780KCurrent Rent: $5600Anticipated ...
Shane Sams
3x2 Brick vs 3x1 Siding ... Help me decide
OK, I have two homes. A 3x2 brick house and a 3x1 vinyl house. Both are similar in square footage and lot size. Both are about $75K asking.The 3x2 brick is in good shape and nice inside. Already flipped. NotesIt n...
Pat Coogan
Early warning signs?
Over the weekend I was working on my family's home and saw something that made me pause in the middle of pulling weeds. Saw a young guy walking around the neighborhood with a clipboard, looking at the homes and making...
Jack Stovall
Seeking Advice on 203k Loans for Multifamily Properties
Hello everyone,
I'm currently exploring my options for purchasing a property and have had my eye on the 203k loan. From what I understand, this loan allows me to add value to a property while also putting the lowest ...
Jon Sutton
Recent switch to 1099 income - how to qualify for a mortgage?
I bought a home in 2020 in a popular market. As a result of appreciation (both natural and forced), I will be able to pull out 30-50k when I refinance. I’m a consultant. My prior contract work had me embedded as a w2...
Dawn Holley
ADU vs. multifamily purchase
I'm in Santa Cruz, CA and live with my partner, who owns the home. So this is a big factor, I do not own the home. I have an active interest in REI, my partner is a professor and perfectly content with his income and ...