Richard Palmer
Property with a tenant
Hello everyone,
I am looking at a property on auction for 25,000. Other similar properties in the area value at over 100,000. The one catch is the bank says that buyer has to deal with the current tenant.
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Bernard Chouinard
Commerical lending Multi Unit
Hi – This is a stretch but I’m throwing this out there in hopes that someone can provide some advice or suggest methods I maybe over looking not thinking of.Up front I know very little about commercial financing other...
Ralph R.
Tri-Plex Analysis Help Please
I am looking at adding an out of state triplex to my rental properties. Normally I can figure This stuff out on my own. This is my first time trying it with non conventional financing. Before we get all excited a...
Edith TenBroek
If a seller states "SELLER WILL NOT ACTIVATE ANY UTILTIES"...
If a seller states "SELLER WILL NOT ACTIVATE ANY UTILTIES" in the description on Trulia.com, does this mean they will not even activate them for inspection after a contract is agreed upon? If so, it's not even wor...
Jason Chen
Is this a scam?
I recently made a full offer on a short sale. After the contract was submitted, my agent told me that he was informed by the listing agent that the owner recently sold an "option to buy" on this property to another in...
Juan Pernas
Wholesalers who say they're doing a "service" or "favor"
When you have a seller with a dilapidated house that is worth 80k as is, and you're offering them 40k, are you really doing them a favor? I understand the idea of unloading their burden.. but realistically they are be...
Jeremy M.
Working with a Real Estate Agent
I'm currently building a local team for investing in small multi-family properties. I've heard it's invaluable to find a good real estate agent to help find deals etc. However, I'll also be doing my own research - dri...
Johnny Wehmann
Seller Financing structure
Before I start paying my attorney, I would like to hear suggestions from BP members. I'm working with an owner open to seller financing with a 3-year balloon. The details are as follows:Purchase price $385,000. It ...
Gus Muller
From flipping 1 to flipping 7...scaling lessons and questions!
Greetings members. Ever hear, "Be careful what you wish for, because you just might get it"?
I've been flipping houses since 2010, usually 1 or 2 at a time. I decided to build a trustworthy branded business as we've ...
Timothy Bormuth
Question about transactional funding
First let me say this is a great sit Im glad I joined.Now to the question
If the end buyer signs a contract with me for a property then backs out lets say a week before closing am I still responsible to buy the prope...