Allison Escovedo
Should we close on this 4 unit?
We are under contract for a 4 unit apartment complex in Taft for $170k.Each unit rents for $575. Currently, there is 50% vacancy. It was advertised as fully occupied. I talked with one of the tenants who has lived the...
Elizabeth Williams
Is This A Good RE Investment???
Hello BP!We are new to investing in multifamily units and need some confirmation on if we're going in the right direction or not. We live in California and are on the last day of our due diligence for a duplex in Atla...
Vonetta Booker
Undisclosed underground oil tank!
…and so the fun begins. :-/I just had a formal inspection done today on what’s supposed to be my first rehab, a Fannie Mae REO.Lo & behold, the inspector found evidence of a buried oil tank underneath the deck (th...
Josh Cook
What can you ask seller to fix from inspection
Hi Everyone,
I am finishing up the inspection period on a duplex in Minneapolis and there are a decent amount of health and safety issues including mold/moisture in the occupied unit. I got a quote to fix it and it's...
Bienes Raices
Making lower offer on approved short sale
I've been told that once an MLS short sale has been approved, you can make an offer slightly lower (maybe a few thousand) than the approved price and it will still go through relatively quickly (as opposed to an unapp...
Mackal Smith
Really Weird Property... Looking for advice
Hey everyone, So this is my 3rd (and 4th) property acquisition in St Louis. I'm a local investor and really love the 2 properties I have. I've always said I really want to own properties I would not mind living in if ...
Lazar Hausman
What to offer/pay for a domain name?
I'm interested in purchasing a domain name that is already owned. I want to attach it to future marketing campaigns (mainly direct mail). I have a domain already - www.hhbsa.com - but this domain name is more indust...
Yosef Fares
Best way to purchase a Short Sale listing
Hey guys this will be my first short sale offer and the listing price is 70,000 I offered 65,000 all cash. The numbers work out to make a good profit on a flip but the house has only been listed for 3 days. My dad who...
Nick Abbate
Wholesaling Questions?
Hello,
I wasn't sure where to post this so I figured I would post it here.
This is the situation:
Looked at about 20 REO properties, this weekend with a...
Melvin Muckeray
HUD FORCLOSURE
How do I go about proceeding with the
process of negotiating with seller when the property is in forclosure and is also a HUD?