Jeremy T.
Bank application - everything you need to know (imho)
In the last year our little real estate company has submitted quite a few loan applications. We've received plenty of No's and just enough Yes's, but consistently the loan officers are impressed by our Finance Applica...
Rick Harmon
cash offer wants appraisal AFTER contract signed.
We have a cash offer on our house and we have met all of the contingencies set forth in the contract. Now the buyers wants an appraisal for his "personal" use. We are very hesitant to let him do it, for prices have ...
Awet Hagos
My 10% Rule: Quick Cashflow Analysis
I came up with a new way to quickly evaluate if a deal will cashflow.I call it the 10% Rule: if annual gross revenue is at least 10% of the financed amount (after putting 25% down) then it’ll most likely cashflow.For ...
Ashlee Andrews
Working with Realtors
Hello community! New investor here. I am looking for my first investment property and I have seen a few with a realtor who happens to be a good friend of mine. I reached out to another realtor because she owns 20 rent...
Bryan H.
Was your LLC put to the test?
There is always much debate on if an LLC is needed. I have one. Only because someone told me to hold my properties in it for protection. I paid a lawyer to draft it and I signed it, and filed it away. I read most o...
Chad Adams
Trouble choosing a niche
Hello everyone,I've been reading and listening to everything I can for the last several months. Thank you to all of you for making BP such an amazing place full of awesome info.I am beginning my search for my first i...
Austin Dias
Starting my REI Journey
Hello all!My wife and I live in the Central Valley of CA and are gearing up to purchase our first rental property (ideally some time in 2024). I have been a notary/loan signing agent since the beginning of 2019 and ha...
Allison Park
Expectations of Investor Buyer's Agent
I am just starting my investment journey, so have only used Real Estate Agents to assist with buying and selling my primary residence. In those cases, the compensation % for seller and buyers agents was set and I sig...
Page Huyette
Must I use an originator for a private seller deal?
I've done a lot of cut and pasting Edward Scissorhands-style of many posts on BP that address seller financing, but there are several differing opinions on the topic of whether or not it is necessary to use a mortgage...
Gary Hazard
Putting houses under contract but the seller is already working with a realtor
I have a another quick question. I have two people that need to sell there house but they are working with a realtor. Is it possible for me to put them into a contract? What do I need to do? Thank you