Hi BP folks!I want advice on a lender that I might be working with. She's not asking for any upfront fees, but she does ask for a due diligence fee of upto $75,000 that is held in a escrow account in NY. She is asking...

I'm under contract on a home in a small town where I grew up. All things have checked out on the home inspection except for the wiring. It's a 1948 home (no worries, I'm aware of the headaches that may come), but I've...

hi all,

i have been looking at purchasing short sale properties in my neighbourhood. when i see listings on MLS and speak to listing agents, i find that they are either very unaccomodating, dont return calls, always ...

Here is something I picked up recently to find local vacants...Call up the local water department and ask for a list of homes with the water shut off. There should be a local water code stating that you are allowed to...

There’s a lot of buzz these days about Hardest Hit Funds as the exit strategy when you own a delinquent note on the way to REO. Sounds simply amazing. Seems there’s always an “angle” to work.Having spent nearly my ent...

Some of the wholesale listings I get say possible tear down and rebuild. I would do this if the number worked, but my problem is that I would have to pay an architect thousands of dollars for a set of drawings before ...

Hi all! I understand that in order to use a 203k with a non occupying co borrower for anything between 2-4 units (basically other than a SFR), the down payment increases from the 3.5% to 25%. I am a bartender and the ...

“Wealthy people buy real estate.” I realize I’m fortunate enough to count myself among them. These supposed tax savings though… where are they?

My wife and I are fortunate enough to have two W2 jobs making ~$150k /...

I'm looking at purchasing a Duplex and turning the basement into a 1-2 bedroom, 1 bath unit. It already has a kitchen area and bathroom built out, but unfortunately it never passed coding for a legal 3rd unit. (I thin...

Hi,

I read a post here that states every lease should have an early termination clause with a fee. What do you suggest as the terms and the fee?
Thanks very much in advance.

Mike