Andrew Terry
Jumping All In
So here’s my first purchase experience so far. On the house.
PP: 40K
Rehab Estimated:40k
ARV: 135k
FMR:1200
Wrote up a contract and got it signed with 30 day closing. Started working with lender and title company...
Nadir M.
Owner wants to switch property manager mid lease.
Hello BP,An owner of multiple units reached out to me and was interested in my property management company. One of his questions was the transition of the properties from his current PMC to mine. From everyone’s exper...
Mike Francis
Other Lending Options for first time home buyers?
I have a house for sale where the interested buyers are a couple of months away from having the lender required pay-stubs. Both buyers are new college graduates, one with a masters degree with excellent credit, and bo...
Shane Ward
House under contract showed up on auction site
I have a property under contract that is a short sale and just saw it pop up to be auctioned off. I first saw it on Trulia then Auction.com. My realtor told me that they can’t do that, it is a breach of contract but i...
Jeff Smith
Getting renters out of of your wholesale deals....
Great dea(s)lBUT....there are tenants in there and my end buyer doesn't want to close until they are out...CA law....that could be 60 days....yikes. Run across this pretty much EVERY DAY in my wholesale business. Some...
Linda Goldinger
Buyer never ordered appraisal
Residential contract included a special stipulation that the appraisal must be completed within 21 days of the binding agreement date. Made it through the due diligence period but, on the 21st day following the agreem...
Katharine Chartrand
water bills during foreclosure
When you buy an "owner occupied" property from Bank of America, the purchase agreement has a special addendum to cover circumstances that arise when the foreclosed-upon owner remains in the home after the foreclosure....
Avery Carl
Any other agents get burned by a real estate "team?"
My real estate investing started going well enough last year for me to quit my corporate job, yay! I already had my real estate license for my own investing purposes, but I do a lot of agent work with my investment co...
Account Closed
Wholesaling Auction Properties
As a wholesaler I came across different types of list of potential leads but pre-foreclosures seemed to interest me the most. I spent a few months wholesaling pre-foreclosures but then I start to wonder, Is it possibl...
Anthony Barbato
Purchasing completed lists. Good or bad idea?
I have my phone number and email address signed up with some wholesalers and realtors and what not, so from time to time I'll get a text or email for a property (usually distressed) being offered for cash only. I'm su...