Mark Spidell
FHA Flip Rule
This FHA 90 day flip rule certainly causes confusion.I am getting conflicting info of which date to go by as far as the acquisition date to use for this time measurement. My deed is dated as of 6/10/16, which gets me...
Matthew Paul
Honesty and Patience can pay off
About 2 months ago , I put in an offer on a house .The woman is in a nursing home . Her son showed me the house , ( good bones but dated ) . I wrote up an offer and gave it to the son to run by his sister and mother ...
Joseph C.
Lease Option with a Realtor?
Hey BP,
My realtor found a property that is a good lease option buy for me. However I have not done a lease option with a realtor before. My realtor has not done one before either. Are there any BP'ers out th...
Devin Scott
lost 126 points on my credit score
Hello BP, I am hoping someone has suggestions on what I can do different next time or what I can do to correct my problem. I contracted a rental property in April that I intended to BRRRR. The contract was for $24,200...
Shawn Coles
Title Compaies (Investor Friendly)
Hello all,
I wanted to know if anyone in the Houston Tx area has used “The Flipmans” one page contract I was recently told a lot of title companies do not like dealing w/one page contracts here anymore and I will be ...
Michael Gayer Jr
Why not Lease Purchase instead of Lease Option?
Aloha Everyone,I have a question ... I've heard a lot about Lease Options. I gravitate to that idea. However, why not Lease PURCHASE instead of Lease Option? What are your takes?Thank you in advance,Mike
Darsh Patel
Seller Financing Balloon Payment Payoff - How?
Hi Everyone, I need some help! I have closed on 2 properties both with seller financing for a 30 year mortgage at 7% interest. But the loan balloons in 2 years meaning that I would have to have the loan paid off in 2 ...
Naillah Valor
How to offer tenants chance to buy?
Hi. I'm am working on putting a wholesaling deal together. After his aunt passed away, the seller inherited 2 properties (single-family townhomes) with tenants in them. He has a lease for one and not the other but bot...
Maneesh Joshi
Big Issue at Final Walk through
Hello All, I am in the process of buying a rental property in Philly and I live out of state. We were to close today so I had my agent do a final walk through yesterday. When he got there he found that the bathroom o...
Danny Shore
closing costs & settlement costs
"When you receive a Good Faith Estimate, these are "estimates" of what your closing costs will be. The reason these are estimates, is the actual costs will vary slightly. There are several unknowns on a purchae transa...