V Krishna
Large deposit into bank account
Hello,I am in contract with an investment property and the under writer is asking for source of deposit on large deposits into my account 3 months ago. The deposit was from loan returned by my own brother that i lent ...
Sean Dougherty
Property in probate/forsclosure
Interesting situation: I have an offer in on a probate property. Property is in foreclosure. No equity in home and a special administrator has been assigned by court as the PR. Thus this deal would be a short sale. Ad...
Michael Regalado
I made the offer, now what?
When it comes to my dreams, I'm very impressionable. BP told me, just get out there and do it! SO, I did. I've made offers on a couple properties off of Craigslist and I'm even more excited I've gotten a response. I'...
Peter Pettersson
Tenant removal process in Los Angeles (San Pedro)
Hi all,
Situation: Have an accepted offer for a fourplex in San Pedro. Walked the property and its a complete redo outside and inside (mold, water damage, sewer issue, etc). The numbers are tight. The construction ...
Cameron McElhaney
SELLER WANTS TOO MUCH, HELP!
Hey everyone, I have a lead who has a property with an ARV of 190k and needs a rehab of roughly 45k. The home is in great condition, but outdated and would need to be connected to city water. I made a cash offer o...
Tim Johnson
Owner vs Realtor
If I'm interested in a home that is for sale with a realtor, should I go through them or still contact the owner of the home?Which is the best way to get a good deal?
Jeff Nichols
Title Issue Disclosed By Seller
I made an offer on a property and in the counter-offer it had this exemption: "Buyer understands that an issue with the title has been disclosed by the seller; said issue First American Title Company of Texas has prev...
Blaine Johnson
Practicing finding deals
I want to start practicing finding and looking for deals via emails and driving for dollars. I also want to get a feel for making offers and how it feels to get rejected but currently don’t have the capital to actuall...
Amir Saeed
Short Sale Question
In short sale when there is only one realtor for the buyer and seller. When the realtor lists the property in MLS. Does he have to list the property at a FMV (considering other comps). I on the other hand (buyer) can ...
Derek Markowicz
Felony on background check.
Simple question I already know the answer but looking for a little bit of support and wording how to approach this situation. Preliminary questions to prospective tenants I asked if they had any felonies, which they a...