Shawn Torsitano
What Are The Odds Offering on a Highly Overpriced Property?
Hey everyone, just hoping for some quick input. There is a 4 plex, technically 4 townhouses, near where I live, that I'm looking into. It's something I'm considering as an owner-occupied, using my VA loan(max limit of...
Kennan Schwartz
Silent buyer after Purchase Agreement signed
Hey everyone, I am selling a home down in Indianapolis, and have signed a purchase agreement with another investor 2 weeks ago. We are supposed to close by next Monday, Feb. 21st. Almost immediately after the purchase...
Jay Yoo
Hiring General Contractor for rehab progress
Why would I want to hire a general contractor to oversee the whole rehab progress? Can someone tell me what’s the reason hiring a GC for rehab? Wouldn’t the GC work for the same company as contractors? Thank you for ...
Manoj N.
Renting to a person who is likely to file for bankruptcy
I have an applicant - a nice family - who applied for my house. Their business went bankrupt in 2007 (filed for a bankruptcy then) and their second business also went into debt due to non-payment from clients 2013. C...
Skylar Dejesus
Probate?
I've had a a property fall on my lap that is in probate. The gentleman's brother died and inherited his property. The property is currently in probate for 4 months. Can I take possession of this property during the pr...
Benjamin Ellis
Personal vs. Business Checking Account help!!!!!!!!
Hello BP'ers:I am in the process of starting out as a wholesaler. While I haven't completed my first deal yet, I want to start to set different things up that are associated with my business. I know that I need to k...
Erik Carrion
Collecting the assignment fee
Scenario: you've got a house under contract and have located a buyer. You've brought the assignment of contract which stipulates your fee and the %age you expect up front. Do you even have to be at closing in order to...
Ralph Naval
Anyone do an FHA 203k loan for one of their first properties?
Hi All, I am considering starting with an FHA 203k and house-hacking for my first rental investment property. My reason for this would be to minimize the competition around me for my search for multifamily properties....
Dustin Heiner
Repairs added into closing costs paid by buyer
Hi everyone,Does anyone have any creative way to pay for repairs for a property and include them in the closing costs?I am purchasing a property that needs work on the septic tank. The seller will not pay for the rep...
Uwakwe Oko
second mortgage owner that did not receive notice of foreclosure sale
I properly recorded a second mortgage on a property. The first mortgage holder sold the property in a foreclosure sale without any notice to me. Is the sale proper? what can of notice was I supposed to receive? how do...