Stephanie Cortez
First multi family
Hello! I am feeling really anxious concerning a potential buy and want to know if I am making a good decision. I am closing on a duplex in booming West Philly which has a bonus unit in the basement. I could potential...
Cody Lekberg
Lease Purchase vs. Owner Financing
I'm looking to purchase a home and was planning on having the owner finance 1/2 of the purchase price. I figured that I would put 50% and then have the owner carry the remaining amount and then we would have a balloon...
Masashi Borges-Silva
Seeking Advice for an Off-Market Real Estate Deal in Columbus, OH
Hello,
I am seeking assistance with an off-market real estate deal in Columbus, OH. The seller is offering four single-family homes, one triplex, and one quadplex for sale. As a first-time buyer, I am finding this pr...
Corey Dutton
How to Protect Your Earnest Money on Investment Property Purchases
Especially if you’re buying an investment property with a high ticket price, a buyer’s earnest money deposit, or EMD, can be quite a large sum. For example, on a $1 MM property purchase, a 1% deposit of earnest mon...
Ryan Wright
Debt-to-Income (DTI) Ratio
Hello everyone. This is my first post to BP, and I have a question about DTI. I'm have a job that's higher paying than the one I will be going to, and my current DTI is low given I have a high-paying job, but my DTI w...
Adam Furlough
Analyzing this Deal
SFH that is a potential deal.....
Purchase Price - $75,000
Gross Rents - $995
Debt: (30 yr 7% $75,000) - $498
Operating Expenses-$498
$995-$498-$498= Break Even
Putting 20% down....
Purchase Price - $75,000
Gross ...
Emma Kellenberger
Owner-Occupied and Investor loans
Is there a loan I can go with that would allow me to buy a property solely for investment?- for example, would putting 20% down allow me to go ahead and rent out that property? Instead of owner occupied for a year. T...
Mike M.
Estoppel Letter Content on Verbal Lease
I've got an estoppel letter I use for purchasing tenant-inhabited properties. The content was suggested by my lawyer and is definitely suited for scenarios when a written lease is governing. I'm tightenting up my...
Danielle Bulla Isenhour
Over asking price in under 1 week during a global pandemic
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $85,000
Cash invested: $160,000
Sale price: $218,763
Purchased from previous clients & the negotiation incl...
Justin Stetson
Wholesaling contracts in general.
Hello everyone. I am just starting out and I was wondering what a wholesaling contract should have in it. I hear that some should have a 3,000 dollar pay in it to make sure the buyer is willing to go through with it. ...