Hello! I am a local investor in Rochester, NY. So I learned about 203k loans and was super eager to apply and get approved.I talked with a local bank, and because I have an LLC with over 20 properties, they believe I...
I had my eye on some Sheriff auction properties in Allegheny County, PA. I'm new to this type of property and have been reading a lot on this forum and the other sites and it's overwhelming.
Here we have to make an a...
I've been in contact with the owner of an expired listing. I will keep the story as brief as I can. The property was scheduled for the Upset Tax Sale in September. The results say it didn't sell. Before the sale, ...
Hello All, I am looking into possibly buying an over the counter tax lien property from the county. The parcel is for a partial parking lot for a "big name" national bank. The bank parcel adjacent to this lot is a (mo...
I recently purchased a condo for $32,500. This is a condo I am renting out. Bank asked for 20% down plus fee's. Rate is 6% for 5 years then adjustable after that on a 20 year loan. Just wondering if this is no...
Is it possible to wholesale a property via a shortsale?
I have found a short sale house in Shiloh il. The house appraised for about 155 they are asking 126. How do I get the best deal on this short sale? Should I offer less than 126? The house is really dirty and will n...
I inquired on financing for a 12plex and the lender, a local bank, offered several options, one of which was pledging one of my free and clear 4plexes as collateral for most of the down payment, and then about 5% cash...
BP Fam,After all the BRRRing I've been hearing, I've been curious about the benefits (and risks) of a cash out refi on the primary property. Attached is an estimation worksheet that the bank gave me, I'd use the mone...
Is it common place to sign a contract that states "As Is" after home inspection? Do I have any recourse if anything is broken on day of walk through? Thanks!