Brian Karr
REO Double Close Costs
Hi all,Recently I had a REO property under contract and was going to double close it, in order to wholesale to another buyer. In double closing, there were 2 sets of closing costs to pay. The first on my deal with the...
Matthew Maggy
In contract for $85k Duplex in Highland Park Richmond... what's the catch?
My girlfriend and I put an offer in for a duplex in Highland Park Richmond for $10k below asking ($95k to 85k), seller pay closing. 2009 the roof was redone, all new plumbing, electrical, mechanical, the permits are a...
Ryan Sarka
Closed 32 Units in Louisville - My First Syndication
Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $2,475,000
32 units consisting of 2 bedroom, 1.5 bathrooms. A value add / momentum play in the desirable and quic...
Philip Bashaw
Distressed Condo/Townhouse Community with NO good Comps
Hello BP Family!I've been educating myself on investing in a distressed condo community in an Atlanta suburb called Lithonia. Lithonia, GA 30038. Is there a good way to create a solid comp by setting the standard for ...
Brian Kelch
Vacation rental questions
Hey BP,I found a beach property that I was thinking would be a great vacation rental property (Not AirBNB). Anyone on here do those with success? What kinds of problems do you run into that aren't "normal"? I'm aware ...
Mark S.
AirBnB: Credit Card Charged Month in Advance
I booked an AirBnB in about a month. I noticed my credit card was already charged for the amount of the trip even though it's a month away. Can they do that? Doesn't seem right.
Paul Altman
Deal funding question
Hi
I know a lot of HM or PM lenders will not lend more than a certain percentage of a propertys current value (I've heard 65-70%) to someone looking for funds to rehab a house. I understand they do this to ha...
Mark D.
Lease Option Deposit Refund
My property management company in Memphis wrote up a Lease Option contract on one of my SFR's in January 2011. The buyer/tenant gave a $4500 deposit and had 12 months to exercise his option. Well, 6 months into the co...
Kirby Davis
When financing under a conventional mortgage, best protection?
When financing a property under a conventional mortgage, which requires the loan be under you personally, how do you protect yourself legally? Obviously a conventional mortgage offers the best terms, which can improve...
Jason Stern
Safe Down Payment Reccomendations?
When it comes to buying multifamily homes, whether be duplex, triplex, quads, etc... What is the recommended percentage you should put down to be conservative, not over extend yourself, ensuring good probability of no...