I closed today on 10 refi's - my personal residence (which was a full-fledge refi) and 9 commercial rental loans. The commercial loans were simple loan modifications and cost me 1/2 point to reduce my rates and exten...
Under contract with HUD for a fixer upper... contract price is the bare minimum net HUD would accept, and intend close with cash. Survey results were a bit.. murky... due to a boundary agreement filed about 20 years...
This is question is not my predicament, but it has crossed my mind. Here’s the scenario. Renters signed a 1-2 year lease. At end of the lease they give notice they aren’t renewing and they’re moving to a cheaper rent ...
Hi everyone I have a situation and need some advice. I have this property under contract I have had multiple cashbuyers go see the property its a 3b 1b the seller said it’s on a double lot but the lot it’s not big eno...
I have a HUD home under contract, needs a lot of work. About $40k, and I am in it way too high. Will HUD renegotiate their contracts or what is the procedure? Obviously, we didn't get estimates until after the cont...
Hey team, I have a TH in Jacksonville with a Sec 8 tenant. Steady income, but the property is earning well below fair market rental rates for the conventional rental tenant market - roughly ~$500. Can I appeal to the ...
I just went into contract on my first SFR and the contract stipulates as is. No sweat. Now comes my inspection. I asked my agent if I can use any issues that come up in the inspection to renegotiate the price. She sai...
Has anyone renegotiated the purchase price of a property (being bought through a whole-seller)? The deal was entered before the COVID-19 situation, but considering the sudden change of market conditions, it now seems ...
Hi BP Community,I just got an accepted offer on a Duplex in a class C neighborhood. After accounting for vacancy, maintenance, capex, and property management I'm looking to cashflow around $415 per month with an 18% ...
Hello everyone. I currently have a property under contract that I intend to wholesale which I underestimated the repair costs and need to renegotiate the sales price with the seller. If the seller accepts my offer, ca...