Ron Burmeister
Warning: Hubzu, Premium Title, and Altisource
Just wanting to warn everyone about possible issues with using the provided title services associated with a Hubzu auction property.This is what happened to me on a recent transaction on a fix and flip property that I...
Steve G.
Cap rate expectations
Cap rates have compressed over time. Locally in the Chicago suburban market, a 6% cap rate is common and to be expected. With rising interest rates, I've heard push back that cap rates don't make sense and deals aren...
Syed Khan
FHA Loan
I have been trying to do some research about the FHA loan, it may require a lot of paperwork and research to make sure you don't get screwed over by the Mortgage lender and other parties. However, anyone here in Mass ...
Bobby Valcin
I got my first call!
I got my first call today through a Craigslist ad, and it was super exciting. Even if it doesn't go anywhere I feel still feel a sense of accomplishment. I will keep the BP community posted on what happens...
Daniel Winsor
Questions on closing costs - How can I lower them?
This is the estimate I am planning on using for financing. This is one aspect of things I have NO knowledge of. I don't know what things are required, which are optional, etc. A couple things stand out to me:Cant Shop...
Michael Erdman
First Flip--Please assist
Looking to purchase my first flip? Have a house in Louisiana that is currently on auction.com.Reserve is 173k, comps are 230-240k. Needs about 5-10k of work.My issue is getting funds. All the banks want 20% down. Any ...
Jeff Elias
FHA requirements for multi family loans
Hi all, First just want to say hi to other bigger pockets members... i'm happy to be here. I'm brand-new to the real estate investing game and just want to meet some new people in the business. At this point I have...
William Garcia
Central New Jersey - new to BP
Greetings all, and especially my NJ colleagues.I'm new to the RE Investor world and actively looking for our first rental income prop. My initial focus is Monmouth and Middlesex counties.I'm seeing some Single family ...
Rob Ward
8% ROI Good for prime location?
I'm new here and I figured I'd see what everyone has to say about an 8% return on a retail/office building in a prime downtown area.
3200 of the 6000 sqft are currently rented out, 1500ft is rented for $2300/month, 5...
Jason Krasavage
Chicago Low Rent Schedule = FHA Self Sufficiency FAIL
Trying to close on our first 4 unit this week. Everything has gone relatively perfectly until now. We got the appraisal back Monday, and although it was at the exact valuation we wanted, and didn't require any changes...