Paul Cordero
Can a seller deny offers financed by certain banks?
I preapproved a borrower to put in an offer, but the listing agent denied the offer because it was from a big bank. There is a misconception that my bank won't finance a "flip" transaction. Our guidelines clearly st...
Kevin Lefeuvre
Why SFRs in SFV prices do not pick up?
I am looking at SFR properties to buy in Woodland Hills, Tarzana, Encino, Hidden Hills... You can buy a nice 3BR/2BA or even bigger, remodeled with pool, in the range of 600-800. Which is hardly their 2007 pre-crash p...
Justin Franklin
Best cities to buy and hold
What cities do you all consider the best long term investments? I've had my eyes on western suburbs of Detroit and suburbs of Dallas TX like Fort Worth.
Abdul R.
QE3 and Real Estate - Your thoughts
As you may have heard, today Fed annouced QE3 of 40B per month (i.e. printing press) with no end in sight. Precious metals soared instantly along with the stock market. I wonder what it means to the real estate market...
Ron Brady
Avoiding Bias. How do other investors do it?
A CA couple is suing an appraiser for what they assert is a lowball appraisal: https://www.washingtonpost.com... For a second appraisal, they removed all hints that a black couple lived in the home and they asked a wh...
Matt Leber
Seeking advice for improving returns on my portfolio of 8 units
Hello BP. I have been thinking about how I can improve my rental property portfolio consisting of 8 unit streams. I have been tracking returns on my properties with a spreadsheet I created for myself, and I have ident...
Josh Magnus
This economy feels like 2007. Am I wrong?
Hello BP community,
Is it me or do the sky high valuations on homes seem similar to the run-up during 2006-2007? It seems like the market is due for a valuation correction, maybe relatively substantial (10-20%)? Eco...
Nishi Lagoo
Buying from a wholesaler without lawyer
Hello Everyone!I need URGENT advice with buying a property. I found a great deal with a flooded property near Houston, TX through a wholesaler. I have never done business with this wholesaler but the information on ...
Michael O.
Are We Causing the next Bust?
Earlier today, on the way to work, I was listening to the BP Podcast #285 as per my usual routine (another great podcast by the way). But after hearing some of the guest's comments about building multi-family and rent...
Nghi Le
Making an Offer on Apartment
I am completely new to the world of apartments, but came across an off-market out-of-state deal that was worth exploring. I'd like to lock it down as soon as I can, but the problem is that we don't have the entity st...