Lucas W. Emhof
Negotiating in Escrow. Need Advice!
Hello! I'm wondering what to do in regards to a situation i've encountered and how to handle it. I am currently in escrow on a 4-unit property and am in the middle of the inspection contingency period. Following t...
Tamara Taylor
Negotiating 1st deal on REO
I'm currently negotiating with a bank on an REO. It's been on the market since April. The asking price is $75k. I offered $63k and included a list of repairs which total $52k. After a week they countered with $74k. I ...
Javonn Musgrove
Analyzing and seeing properties while offer is in?
Hi BP community,
New investor here, looking to land my first deal. Just submitted my second offer earlier this week. Received a counter offer, so I'm currently learning about negotiating.
My question is, should I c...
Troy Michaels
REO realtor problems
I see why wholesalers HATE reos. lol. i have a reo under contract, the broker going behind my back making counteroffers on earnest money and closings without my consent. the original offer, i was mislead by the broker...
Akram A.
Gap between due dilligence and closing date..Risks?
Hi all,I have accepted a counter offer to buy a property with a two week gap between the due dillegence period and the closing date, however there is a final walk through on the closing date. Shoud I be concenred of t...
Will F.
Inspector for apartments. Los Angeles. Ten units.
Hi I'm in the Los Angeles area. Does anyone have recommendations for apartment specific inspectors. How about recommendations for specific physical inspections and due diligence? What are major issues to analyze or in...
John Barnette
Negotiating Fannie May homepath offer
Hi all. Madequate offer on a Fannie May home pathis REO. Richmond, CA which is a reasonable blue collar older suburb of SF/Oakland. A pretty solid market.Was just reduced from 479k to 429,900. OK lendable condition ex...
Greg P.
Inspection period and Earnest Money?
Hello, I've heard from the Reo Rockstar to not put a inspection clause to get the offer accepted and they will automatically send you a 7 day inspection. Are there situations that they accept, but don't send a inspec...
David Sirmons
Dept. of Veteran Affairs and investors...
Can anyone tell me what implications exist for a REO that is owned by the Dept of Vet. Affairs regarding investor flipping?
Scott Armantrout
First Duplex, Deal or No Deal
Recently found a duplex listed for $75,000 that is currently occupied and $1284 in monthly rent. A similar duplex one block away sold for $53k in April of this year. It's been on the market for just over 80 days. T...