I'm preparing a listing for a 140 unit multifamily property in Michigan that currently has an FHA 203(f) loan in place with a balance of roughly $7,745,000 and an asking price of $12,500,000. Since this property has o...
I have been running some numbers on potential househacks of a duplex or triplex... how do I account for my share of the rent for the unit I will live in when determining the profitability and cash flow of the house ha...
I can't stand people who use incorrect grammar (contractions)..... I just have to let it out!!!! I almost don't even want to log in to sites anymore.
Quick lesson.
You - I hope you know what this is and means.
Your ...
With about 2 weeks to go in the year, Have you considered what your goals are for next year? Have you reached your goals for 2024? It has taken the last 6 months of the year to come to terms with an essentially game ...
Any tips/things to look for when dealing with foreclosures on auction.com, Ive been researching for awhile need some help
In the past, anytime I've tried buying a short sale, I waited about two months oply to have the bank say they want more money and kill the deal. For this reason, I have avoided short sales up until now.
I'm in the pr...
Homeowner with equity in home, who wants to sell property, asked me for a deed in lieu, but I am a wholesaler and I don't know how to talking to a lender to negotiate on his/my behalf.
Home is comped at $1...
I was asked to pay in advance 2.5k for approving my loan before i get the money. I said explicitly that i pay loan fee only in escrow after the loan money was paid to the title company. Here is the letter i was sent:P...
Hello, I came across this ARV which I think is outrageously high (which is 525k), compare to what the asking price was (which is 290k), I done my diligent on the property and ran several comp and I came with ARV of 35...
so i have been doing pretty good wholesaling i am closing deals but the spreads arent that big but i am closing an getting deals there are alot of properties where i am that are going for $5,000 as an need little to n...