Ryan Madenford
First Door Deal
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $149,000
Cash invested: $14,000
Class C neighborhood with some gentrification. Home has no HOA.
What made...
William Donnelly
I offered %40 of the asking price! What now?
Hello Bigger Pockets,I am a United States Marine, and i've been looking to break into small multi-family investing for a few years now. After a lot of research and analysis, I have finally put in my first offer!The pr...
Sharad M.
How much should I offer on HUD home?
Hello all,
I have been following this HUD home for last couple of weeks. I plan to flip this property. It was originally listed for $55k. After I ran my numbers, I calculated my maximum purchase price of $42k. This p...
Mike Lynch
Question about REO / Bank Owned Pricing
Hi,My wife and I saw An REO home on Zillow and other sites located in South Carolina on the Intracoastal Waterway. We looked at it for a couple of weeks online. We drove out to the home and love the location. It is w...
Roxxy Marshall
Contracts
What are some contingencies and exit clauses to include in my PS and assignment contract to protect myself? I am looking to create them myself then take it to an attorney in my state (Delaware) to review. Can someone ...
Jeff Sprunger
Hubzu; my experience
I thought I would add my experience with Hubzu. I am currently under contract for a property listed thru Hubzu. This property is literally half a block from where I live, so I walk by it everyday. there was a sign ...
Stephen Beaudoin
Worcester MA, First Failed Flip
Unfortunately, my first 'Deal Diary' post is a failure, but still better than a loss.Having received a lead from Craigslist, I followed-up and made an offer which was accepted. The deal was for 120k with an ARV pushin...
David Kuhlke
Negotiation advice needed - Urgent! Property under contract!
Hello BP community, Need some advice on a property I have under contract. I discovered during the due diligence that here are 2 breaks in the sewer line. The cost is $7,500 to fix. However, the seller claims there is ...
Lucas Allmon
When to do which parts of due diligence?
So, say I got ahold of a tape, and filtered it down by my criteria that I want out of a note. When do you do what parts of your due diligence?It seems as the DD is AFTER you make a bid on a note, while you have a wind...
Daniel Mills
Rules of thumb for Center Point, Birmingham, Alabama
Hi guys,I'm in the process of looking for a rental in the Center Point area of Birmingham. I am working with an agent, but of course, I'm weeding through a lot of listings.Are there any rules of thumb that more experi...