Cristian Garibay
Buying a SFH From a Friend
Hi BP Community, i need your advice on how to best approach this situation: A friend of mine is looking to place his Home on the market (located in Modesto, CA) for the simple reason of getting his equity out and payi...
Robert Niosi
negotiation question
Hi BP,I recently spoke with a seller who dropped their sale price 14k below the original sale price when I asked for them to give me their rock-bottom price.I have let it set for a few days trying to decide if the num...
Luca Mastrangelo
Can you refi to new higher assessed value and eliminate PMI?
Im looking to buy a property in MA that I can live in for the next 2-5 years and then rent when Im done. Properties range from 300-400k. I could put 20% down but will leave little to no room for improvements/work th...
Justin Hennig
? for Finance Gurus: Does Seller Financing affect Debt/Incm ratio
Suppose I pay $200,000 for a building, put 25% or $50,000 down for a conventional transaction (Fanny/Freddie), then execute a seller carry-back for a $40,000 loan in 2nd position (thus only $10,000-15,000 out of pock...
Account Closed
My first duplex
Well everyone i have some heart breaking news... i found a very nice duplex that was going to be owner occupied and rent the other half out. Everything is set to close on the 23rd. Just got a call from the bank today...
Heath Thomas Jr
Investing in neighborhoods without many recent sales.
Hey guys,Recently I've been coming across some houses in neighborhoods that don't have a ton of recently sold rehabs. Should this be a warning sign as it's not a great neighborhood to rehab/ wholesale in? I live in th...
Florian N.
Appraisal using comps with FHA price deductions ??
We just had an appraisal done against a property for a refinance and the appraisal came in lower than expected.What struck me is the fact that the appraiser used comps which have sold as FHA and so he deducted $7500 f...
Ephrem Bekere
BRRRR without the rehab in 2 months
I will take 10 if these please!! Probably my favorite deal yet. Investment Info:
6 unit apartment building over 7k in sqft.
Purchase price: $300,000Cash invested: $0.00
What made you interested in investing in t...
Charles Cinco
I'm new to real estate investing BUT I work specifically with investors!
Hello everyone, my name is Charles Cinco and I'm fairly new to the world of real estate, but I am thankful and glad that I have my cousin (also Charles) running with me on this journey! Our drive is towards wholesalin...
Robert J.
High closing costs.
Do these closing costs seem high to anyoneLoan amount is $131,000 at 7.5% interest with 25% down. ~$11,000in closing costs: 4.4% points ($4,500)$1500 underwriting and processing$700 appraisal and credit report$1300 i...