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Hi BP Fam,When contacting and mailing motivated/distressed sellers, I've read that you can incentivize them by offering "No closing costs" and "No realtor commissions." Sounds great, but how can you buy a house and av...
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I went to make an offer last night, and since I'm wanting to use a 203k loan, I knew it would be a pain in the ass. I asked for a financing contingency as part of my offer, but the real estate agent said they don't d...
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Just when you think you have handle on the various types of RE deals out there another one comes your way you don't know how to handle.Okay so I have Ted and his mother Chelsea. They own a property together, that I w...
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Hello BP,This is my first post 😀I am planning to purchase a college rental property by the University of Minnesota (likely on the east bank/Como area for Minnesotans). I will be partnering with one other guy on the de...
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My accountant told me there are two ways to get a cost segregation study, one being the expensive route where an engineer comes onsite and does it. He said there is another, cheaper option where I basically fill in a ...
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Hey guys so I am wondering how submitting offers works. I know that I will get lots of offers turned down because they are of course lowballs, But if I find a property and make an offer should I have seen it first? I ...
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How to go about Subject To? I have an opportunity on a property from a family member but I would like to go subject to route. How Can I explain this to the seller? Pros/cons... ANY info is welcome and much appreciated!
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Hi BP,Excited to finally be signed up for BP Pro, finishing up 'The Book on Flipping Houses' and have been on the hunt for a couple months now for a great first opportunity! I come from a professional commercial const...
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Hello! Hubs and I are considering purchasing a vacation home to rent out and use ourselves occasionally. We’d like to stay within New England so that it’s driving distance from us (on the Cape). Can anyone recommend l...
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So if my firm hired someone to raise equity for us, and of course they wanted compensation based mainly on how much equity they could raise us, what would you think is fair breakdown (yes this is legal, I've consulted...