Jason Brooks
Deal Analysis-SFH Monson,MA
Hello fellow investors, I wanted to post about a deal I'm analyzing. My intent is to think out loud ,if you will, and hopefully get some advice on my process.
To start I will provide the basic info, then my walk-thr...
Ali Samana
Would you walk away?
There is a great article on Yahoo Finance about homeowners that are under water and how it might make sense for them to walk away.
http://finance.yahoo.com/tech-ticker/it's-okay-to-walk-away-let's...
Jerry West
Learning Lessons... the hard way.
In 2011, I bought my first foreclosure and decided to live in it when it was finished. A successful renovation gave me the confidence to jump into flipping.
I put my first property, a hud home, under contract...
Cynthia Hernandez
How to make an OFFER?
Hi, I need some help here with my first wholesale offer. Mind you, if I go through with this..it will be my first wholesale deal. So here's the thing.. This lady wants to sell her house for 100,000. I pulled up comps ...
ALLEN KEYS
Hold or Fold?
Ok, so I’ve followed most of the advice listed on this site and completed as much research as possible on investing in a Fannie May multifamily (REO) property. The numbers were good so I decided to go for it and cont...
Elizabeth Guarnieri
Seller said property was turnkey--inspection said otherwise
Hi--I'm very new to this site and to investing. I found a property that sounded like a good deal but I went under contract at a price that I thought it was worth if there was nothing majorly wrong with the property. ...
Matt Kampf
Dealing with difficult seller and seller agent
Hi BP,So my wife and I currently have an offer out on two different properties and have run into the difficult seller/agent scenario and was wondering if anyone might have some suggestions.Property 1 is a SFH 2/1. We ...
Petr Anisimov
At what price point should I walk away?
Here is the property I am purchasing in Santa Fe, New Mexico:https://www.biggerpockets.com/calculators/shared/5...The asking price was 340k contingent on inspection. I have already done 1. inspection, 2 sewer scoping....
Peter Hynes
Seller disclosure "no representation" and "no inspection"?!
Hi BP,
My REI partner and I are about to purchase our first two single-family homes. Our realtor got a deal on 9 homes with a wholesaler. We are buying each home for $148,000, with $500 in earnest money, and the Zi...
Tracy Mason
Just say No!
My business partner and I recently made an offer on a REO. Great opportunity to cash flow, 10% COC return and forced appreciation due to bank renovations. Why did I say no?.... Well after two days of intense negotiati...