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Dear BP Forum,
Would it be dumb to get a property under contract even if you're convinced that you need it for a lower price? In other words, should I get the property under contract for the high price if the seller ...
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How much money do you guys put down as earnest money when putting a home under contract? Or what is considered typical?Thank You
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So far we have used a portfolio based HELOC to fund our acquisitions and rehabs. This has limited us to typically 1 BRRRR deal, 1 Fix and Flip deal per year, or 1 note deal.
With this model I'm limited to the equity...
Hi everyone.My name is Devin and I'm extremely new to REI...I just started within the last 3 weeks and I just got my first property under contract...now what? Do send the original (signed) agreement to the title comp...
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I will cut straight to the situation then give a little back story to myself. I have my eye on a SFH fix and flip in a neighborhood where house prices will vary from 1.2M to 600K depending on how extensive the flip i...
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Hi Everyone,
ANY input or ideas on this would be so greatly appreciated you have no idea.
So we are buying a property with 50k earnest money given. The deal is supposed to close in 10 days. The lender who we have e...
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Hey all, inspection is this Thursday. Any tips to get the seller to come down on price or fix things to get the best value? Just trying to see if there are any strategies after the inspection that help an investor g...
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I have a contract on a house. Buyer asked for 30 days. Being my first contract, I did not know that I had to ask the lender if this was possible - so I said yes. Mortgage Co said they are trying to speed it along [...
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My Property Manager just raised her rate abruptly and coming up with terms that weren’t agreed upon initially. I would appreciate if anyone could refer a PM in Erie, Pennsylvania.
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Example:
Property: 3 quadruplex buildings on the same street with separate mortgages owned by the same owner.
Sale price: 1,100,000 with buyer putting 15% down.
Owner provides a WRAP of 935,000 at a 5.5% fixed rate...