Suong Luu
Is a cracked fridge top damage from the tenant?
The fridge is GE and is 3 and a half years old. The top of the left door cracked today. Is this just a freak accident or damage from the tenant? I saw on another forum that someone said they had a cracked fridge top, ...
Eric C.
Bathtub replacement best options
We are doing a full bath remodel and I need to replace the bathtub. I originally bought Kohler Sterling kit from Menards. After doing some more research I have found these tubs tend to chip or crack. I have also looke...
Lucky Tran
Buy or pass on property based on inspection report
Seeking advice and opinions on those with more experience with foundation problems.I am really excited about having this property under contract but am now questioning if it's a good deal or not based on the foundatio...
Aron Trav
Mechanical line because I don’t want title insurance
As a cash buyer, I am skipping title insurance.The title company says I will get a mechanical lien just because I do not want title insurance. Is this correct? How can I remove it?
Kyle Soudalan
Why can't we reuse inspection or appraisal reports?
This might seem like a silly question, but if very little changes with a property over the course of a few weeks or months, why does each prospective buyer have to re-pay for essentially the same report? Wouldn't it b...
Kyle Bergren
Anyone refer a Title Agency who will execute w/o Owner Policy?
Hey Team LA, I'm buying FSBO home from a friend who is an extremely low risk seller and its been challenging finding an agency who will execute a transaction without forking an extra $2k on an owner title policy. My l...
Gerard Scranton
Purchasing a home that is "not currently livable".
Hello BP Fam! I'm currently under contract with my first investment property. It's a 2/1, 1596sq ft, .88 acre. It has a 1200 sq ft. detached garage with electrical and HVAC already installed. Future plans is to conver...
Mike Schorah
Do you need to sign a mutual release to back out of a contract?
The seller wants to back out due to title issues (messy probate that’s been vacant for 3 years).The cash buyer wants to stay in the contract.It doesn’t matter to me (the wholesaler) what happens.But the title company ...
Account Closed
When negotiating, everything sounds the same
The more volume we do, the more of the same old lines I hear every day. I literally sit at my desk fielding phone calls from investors who want to negotiate down our asking price-- all day sometimes. The thing is, I h...
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Bank REO "formula" for pricing / offers
Hello,
I was wondering if anyone knew the general guidelines for banks pricing or accepting offers on an REO.
Obviously, banks will list homes around an appraisal amount. But I've often heard that acceptance of off...