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hello bp family. I need advice on usda loans. The questions I have are: When is it applicable to go for a usda loan? What are usually the criteria for getting usda loan? What are the pros and cons? How much of a down ...
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So this is my first post in the forum's as a member of the BP community. I'm a first time investor looking to purchase a vacation rental in Cape Coral FL. My wife and I have run into a situation that is a bit out o...
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I found a potential deal on loopnet.com for a 8 unit apartment. The broker is refusing to provide P&L and rent roll documentation for the property, only gross figures through email. What does this mean and is ther...
Hey all, newbie here,this one got me a bit stumbled. To keep it short:The owner wants to sell his home. He owes no mortgage. The property is listed with agent for 150k. He isn't interested in owner finance(as of yet)....
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I m new to REI, and I was wondering about partnerships. I am in the military currently,and so, I have to move every few years. I am in the process of moving in the next few months. I want to get out and start making c...
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If I make an offer which is contingent upon satisfactory appraisal and inspection, what happens if the appraisal value is lower than what I offered.?Say I offer $100 and the appraisal says the property is worth $80, c...
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I saw a house yesterday that is gutted and cleaned out. New electric, roof, porch, plumbing, drywall. The work is solid but unfinished. Needs full bathroom (shower, toilet, sink, etc) and kitchen. After renovation val...
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Hello BP,I’m interested to know from other investors how and when do you estimate the rehab cost?I’m looking for foreclosures around my area and the property definitely need some rehab, but I’m not sure when to call t...
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Investment Info:
Single-family residence fix & flip investment.
Purchase price: $120,000
Cash invested: $62,500
Sale price: $229,000
This was my first flip. Purchased it before it hit market ...
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Hi all, I was wandering what are your thoughts on tight time frame requested by seller- 5 days for walk through and 30 DD. closing still within 60 days. 20 units, in a slow moving market. Broker did no answer my ques...