David Cornett
Reasonable terms for seller financing
Hello,There is a SFR on the market (1200 sqft, 3b/2ba). Sale price is $78K but the seller wants to finance the deal, requiring 5% down and $850/month for 20 years. This translates into $204K over the life, in additi...
Will Barnett
The rate freeze
What is your opinion?
Personally I think it is a terrible idea. It's just gonna slow the bleeding, at least until rates adjust again and we are back in the same situation. I swear, when I hear Bush promoting it I g...
Alessandro M.
Buy or not ? Good deal with water in the basement. Need advice!
Hi all,I found this duplex in a very nice area in Westchester, NY. Here are the facts about the house:- Duplex. On the market for almost 2 years. Price was $470K in January 2015 and it went down to $430K in August of ...
Gary Hazard
Putting houses under contract but the seller is already working with a realtor
I have a another quick question. I have two people that need to sell there house but they are working with a realtor. Is it possible for me to put them into a contract? What do I need to do? Thank you
Nick L.
When former owners turn desperate and fraudulent
I have to rant about this somewhere and figure BPers would sympathize!I bought a house at foreclosure auction this year. I've completed the process and have the deed. The tenant and the former owner (who apparently li...
Ronald Mejia
HELOC on investment property? Can it be done?
I am looking around for a lender that will do a HELOC on my investment property but coming up short. The banks i've called so far either does not offer the product of can't do it on investment property. Does anyone ha...
Jacob Northfield
Determining SOW and ARV
Hey folks, this is my first time even considering investing in real estate and while I am doing all I can to learn about the process and techniques, I still have some questions, so thank you for your patience as I wor...
N/A N/A
Who is the appraiser working for?
Hi Everyone -
I am new to REI and am close to doing my first deal. The condo I am looking at seems to be valued between $260K and $280K. I have a verbal contract with the seller to buy it for $217.
The plan is to w...
Mark Updegraff
Using a buyer's agent versus contacting the seller's agent every time and why REALTORS need a special level of TRUST with their "investors"
I'm a licensed broker here in Upstate NY and I'm amazed at the lack of understanding that new investors have when it comes to agency. A close colleague and mentor in the business put it quite simply when I shared my ...
Sarah Smith
Need Some Creative Ideas for Tear Down
My grandmother passed years ago. Many years prior to her passing she moved out of the home to live with another family and the home sat vacant for a very long time without anyone checking on it. Thru the years it has ...