Situation: in 2017 I got a property under contract for $60k. Found a buyer, who paid $1000 earnest money to the owner. Owner was elderly, and his wife had passed away in 2010 without leaving a will. So estate had to g...
So with REOs 99% of the time the sellers forces that an escrow company of their choosing is used and the escrow companies sure make me feel that way. Often I am reminded by their action (or lack of action) that they ...
I purchased a foreclosure in March 2013 for $65,000, Zillow is estimating it at $123,702. I've been sitting on it waiting to purchase two more properties. In the interim I haven't rehabbed the first property. The ...
I've gotten my first acceptance for an offer on a duplex, but the seller is requesting to have only a 10 day due diligence. This is my first rental and it makes me a little wary. Is this common? What should I be looki...
Hi BPers' -
We're a licensed lender in California. Just started to experiment with small fix up loans to home sellers. Compass and Berkshire are offering home sellers ZERO interest loans to fix up their houses for s...
I would appreciate guidance from someone who's actually done this. The seller seems to think it's fraught with complications or that my buying it subject to her financing will prompt problems from the government.
What is the best way to accurately analyze the common expenses (insurance, utilities, etc) that would be paid for on an apartment complex of 10 units? 20+ units? Is there an easy rule/formula to follow to generate acc...
In many markets, inventory is increasing. The reasons seem pretty obvious (higher rates = lower affordability = less demand = more days on market = inventory starting to pile up).However, I've been wondering if there ...
I'm negotiating on my first purchase. I'm making an offer of 95K. It's a two unit rental. One renter's lease is in place until October and the other renter's agreement is until AUG. Both units rent for $680/mth. I can...
We are well on our way for 2023 real estate market, buyer demand is up, sellers are pricing properties more accurate, 30 year fixed rates are down from the 7.375% PEAK and inventory just dropped below 1MM nationally. ...