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Condo FHA status expired and a non-responsive mgmt company
Hello all,Need some advice - there is a buyer under contract who can only do an FHA loan and the condo unit for sale FHA status has expired. The management company is not responding to any calls, emails from either bu...
Michael H.
Putting a 15 unit deal together
I came across an off market 15 unit for sale and have a general idea of the condition of the property. I haven't seen all of the units yet as they're tenant occupied. 2 units are being remodeled and vacant. He said he...
Daniel Thibeault
How do you screen Section 8 tenants?
My Tenant is moving out soon and I have a lot of applications to sort through on Zillow. ALOT of them mention section 8 and that they have a voucher. But how can I verify it? is there a particular form they have or ca...
Johnny Horner
How will caronavirus impact student housing
The caronavirus has turned the world upside down, what is the BPs community opinion on student housing? Could this pandemic change the way colleges and universities conduct higher education? With this possibility it...
Kunaal Kumar
Negotiating Down The Price on a Potential BRRR
I’m considering a fixer upper property in North Dallas. The property has been on the market for more than a year, and the property is currently listed at around 250k. Im relatively new, and would greatly appreciate so...
Mike Boss
Struggling to find good flips
I’ve noticed that sellers in today’s market really don’t want to lower their overinflated listing price. It’s becoming more difficult to find good deals. I found this one SFH listed for $95k in a neighborhood where al...
Tony Zamberlin
making offers on reos?
i've been told that on reo's banks normally don't take less than 20% of asking price and its a waste of time to go out and offer half of list or below even if the property has been sitting for 5 months to a year or mo...
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Timing/price for bidding on HUD home that MIGHT reduce price soon
Hello all - Completely new to this but I am finding fantastic information here. I am looking to buy a HUD home as an owner occupant. There is a home I am looking at that was listed on 1/24/17 for $128,000 then price...
Chris Nelson
Buying a Multi-Family
Hey BP,
Trying to get more active on here and get some good information. Here's the situation.
My Wife and I bought a duplex over a year ago in North Carolina and we're now looking to make our next move. We curre...
Geoff S.
REO Problem
Problem: I was the winning bidder in a REO house auction... Signed P&S....Sent earnest $$ and POF .... Was notified by email of a closing in 3-5 days.... Today I get an email that seller(mortgage co.) is exercisin...