Hello BP,I will be purchasing my friends SFH for 170k. It is appraised and the current market value is $210k. May I draft up a purchase agreement for 210k and have him cut me 40k at closing?I would use the funds for d...

Assigning a Contract to a new buyer can be one of the easiest ways to make a quick profit on a house that you can get below value and flip to an end buyer. But.... the biggest problem with this is that everyone could ...

I reached out to an attorney here in North Carolina. I was told that it is not allowed in this state. Is anyone doing this in NC?

I just bought and closed on a property that was flipped and I had Piedmont come out today to turn on the gas however they told me they couldn’t because the equipment in my house is not up to code (attached list of wha...

We are closing on a home April 21st and it is an investment home. The owners are aware that we are planning on renting it out and we have in the signed contract that the seller will allow us to show the home with reas...

I am closing on a duplex in Old Brooklyn on the 17th and it has a huge attic I am thinking about turning into an efficiency unit.  Question is do I need to do anything with the city since the property is already a mul...

Who should I contact for help in structuring a seller financed deal? Situation: I am the buyer. The seller (two brothers as a partnership) has a mortgage on the property and let's assume they only have 20% equity in t...

Hello BP,

I am currently in a Real Estate Broker's course in Illinois and tonight we were going over Lease Options. I brought up sandwhich lease options and being a member of BP, I had to ask about the doub...

Hi everyone, I have a naive question and could not find a good answer by googling. I am wondering if I could close a doorway and turn a SFR into two units and rent them to two different groups? Is there any legal cons...