Account Closed
Is what I'm offering for this property right?
A guy called me earlier yesterday looking to refinance his third loan ($30,000 at 18%) and get $50,000 on his home valued at approx 240,000 with $130,000 owed. He approximate the repairs to be 20kHe tells me if he can...
Scott Titus
Motivated seller...Deal analysis? Just questions
Hello, Working on my first potential deal. Seller had it listed with an agent for 86k. It is really outdated but no more than cosmetic needed. House has been on the market for 135 days with no offers. House was recent...
Alexander Scher
Underwriting MTR for DSCR Loan
I'm interested in getting into the MTR space, and I want to use a DSCR loan to finance the rental. What're some tips for underwriting a MTR (or even STR) if you've never owned one? It's easy to estimate rental income ...
Dustin Faeth
Should I be present during the appraisal?
Hello BP,
I have heard some investors mention they try to be present when the appraiser shows up at a home they have recently rehabbed and are selling, to make good with the appraiser and discuss all the impr...
Mark DeLorenzo
Buying a property with 2 SFH on 1 deed with conventional finance?
I'm looking at a local property here in PA that has 2 SFH's on 1 deed, unfortunately its over my cash purchase budget but it is one of the better deals I have seen in the last few months of looking around and could ca...
Marcus Durant
meeting with first Potential seller!
ok, One month in, mailed directly to absentee owners and put up bandit signs. I received my first call back from my mailing campaign. older gentleman who has 2 properties he's curious what he can get for. he stays in ...
LaPorsha Edmun
Someone called me back! FIRST Yellow Letters
Hey everyone ! I'm new to wholesaling I sent out my first direct mail letters to houses that I saw while D4D! I have a spreadsheet set up with address, owner info, notes etc.
This house in particular that called back...
Rachael Faulkner
Thinking of flipping foreclosure on conventional mortgage
New here, hi! This is my second home purchase, would be my first flip.
I own my first home free and clear, it’s a 1000sqft 1950s 2/2 cottage I bought w cash from Medicare in 2014 for $18k and put only about $2k into ...
Leon Lee
Purchasing a converted Single Family House for short-term rentals
Hi, All BPers
I am looking at a property near an airport. I have quite a few questions and wonder whether I could get some help from the forum:
1. The property is originally zoned as RSF single family home. But the ...
Vidal LeClaire
ARV
is this the best way to find ARV...70%ARV - repairs - wholesale fee = max offer????