Robert Shedden
Proof of Funds - Personal Loan From Family Member
I am negotiating my first deal (fix and flip) and need Proof of Funds. Here is some background...I've been going back and forth with a seller working through propoffer.com. The original list price was just over $100,0...
Jon Cave
FHA loan not allowing window units (even though they are brand new)
So I bought my first flip in March and contractor was a nightmare. Got it all finished under budget after 4 months and got a buyer but the buyer is using an FHA loan. So, they required that I fix a few things then the...
Cody Flicek
Complete newbie to investing looking for some insight
Hello all Cody Flicek here! Last name is pronounced flea check, but to get to the question at hand, would it be valuable to go ahead and get an RE license so I can look on the MLS myself? I'm almost 20 and have little...
Henry Montgomery III
Reliable Websites for Wholesalers
Where can I find reliable source of homes on the market for wholesale deals?
NA Gav
Tenant Screening without Agent
Hi all,I have a condo in a high rise building in Chicago where the current tenants are moving out. For the prior lease I used an agent. This time I am using Zillow to reduce on agent commissions. I have 1 interested p...
Matthew Hell
Named additional insured on a non performing note
Hey there, we bought a note for about 8000.00, non performing, and have not had success with contacting the borrower. We need to be included on his insurance policy for the property.How does one contact the homes ins...
Brandon Collins
Meeting with a broker this afternoon
I’m meeting with a broker this afternoon to discuss terms and condition if I were to be licensed under them. My goal is to buy flip properties and buy and hold properties. Getting my real estate license for the conven...
Sousie El
Brokerage 499$fee on the new brokerage agreement
Hello BG Community,
I had a question if the new Brokerage agreement fee of $499 can be waived by the real estate agent?, and also what to keep in mind when negotiating those fee and percentage with the agent. Thank you
Jack B.
Transfer of tenant deposits to me once the deal closes?
The sellers agent/property manager told me that they would provide leases and such from the current tenants upon closing and would transfer the money from tenants deposits (they didn’t collect last months rent) from t...
James Bradin
Refinance Small Multifamily Questions
Hey BP!I am currently trying to refinance one of my properties to hopefully pull out some of the cash I used on the downpayment/ rehab. I have owned the property for 2 years, I have done about $33,500 worth of rehab ...