Keesha Smith
HUD EMD
I recently place an offer with HUD and it was accepted. After HUD received the contract, POF and EMD they decided my pof would not work for them. They wanted a notarized letter or bank statement with available funds w...
Michelle Martin
First week of escrow, foundation issues discovered. What to do?
I've never posted on this site but I have been lurking. I'm in escrow on my first investment property, in Cincinnati. I kind of broke the rules with this purchase because I don't have a team set up or anything. The pr...
Chinmay J.
Offers with expiration date.
Staying true to my 2017 GOALS of 2 flips, I analyzed several properties (first online and then visiting them), I narrowed it down to couple of properties that I wanted to write offers on. One went under contract almos...
Zac Willis
Tips on closing cash deals on FSBO
My wife and I have decided to purchase our first rental property. We are purchasing a property from a family member for a nice cash deal. For the sake of discussion let's say it's not a family member, but a regular ...
Mike V.
HUD rejects offer but tells me what they will take - is this new?
I am bidding on my 3rd HUD home and this time when I was rejected they followed up not with a counter offer but with a statement of what they would take if I wanted to bid again. Is this a new development or have the...
Andrew S.
House hack - lease terms with friends
Good morning! I recently moved in my first house hack in a 125 yr old house that I gutted and 5% finished before moving in. I moved in with my old roommates - a couple with a dog. They are using a small bedroom with...
Ash Seth
First time buyer against investor
I am a first time buyer and dealing with short-sale for a house in NY. From lawyer I came to know that there are multiple offers on the house including 1 cash flow deal.
Me and my wife both like the property. But no...
Cory Kreitlow
Buying foreclosure, rental weatherization compliance
Hi all!First post, figured I'd start it off with a question I have on a foreclosure I'm buying. I put an offer in on a foreclosure SFH, and after a couple back and forths I accepted one of their counteroffers. Sever...
Jeff Spiker
Recommendation to get bank owned property
We're looking at a property that's bank owned and has been vacant for 3 years. The house is in such bad shape that the insurance company recently made the bank replace the roof. The bank declined our offer with no c...
Mark Takata
SFR investment property
Investment Info:
Single-family residence buy & hold investment in Blue Mound.
Purchase price: $183,500
Cash invested: $45,800
3+2 moderate sized $1550 rent
What made you interested in i...