Eddie Cottingham
FHA - 2 Duplexes on one Lot
Hello BP! I have hidden in the shadows a good while doing much reading and familiarizing myself with various aspects of real estate investing.Now that I am looking at buying my first rental property, the more unique q...
Anna Doumkina
Financing for a Foreign National
Hello! My partner is an EU citizen looking to invest in the USA to purchase properties that will later be for Section 8 tenants. He does have an ITIN number, recently opened up an Amex card in the States to start buil...
Mariah Jeffery
Mechanics of seller financing
I'm about to make an offer on a multiple-property deal with seller financing and I have some questions. I assume if the deal gets accepted, I'll need to get a real estate lawyer but in the mean time, I'm thinking of t...
Joseph Hernandez
Is this a possible deal?
Hey everyone. Newbie wholesaler. I have my first assignment. I'm not sure if it's good enough deal. Please let me know if you think it will sell. The exit strategy will be buy and hold. Below are the facts:
-address:...
Vincent Gamboa
Can you wholesale a deal won at the auction?
Hello BP,I am fairly new to REI and was wondering if you can wholesale a deal that you win at the courthouse steps? If so, how would I go about doing this?So if I place the highest bid at an auction and they have said...
Carmen Lewis
A Hypothetical Scenario
I am looking into my first deal. Let's say a seller agrees to sell me their house. I get the property under contract. I reach out to some cash buyers. What is stopping a buyer from going around me and buying directly ...
Katrina P.
Question about POF letter with REO properties (Transactional funding)
I just got off the phone with a Realtor whom I told I have Proof of Funds for a REO property. He asked me was it an FHA loan, and I said "no, it's transactional funding". He didn't know what I was talking about, and...
Marvin McTaw
Should I Buy Subject To, Lease Purchase Or Land Contract?
I have a motivated seller that is willing to sell on terms. Here are the quick numbers: ARV = $600,000 to $625,000Repairs = $25,000Purchase Price: $500,000Mortgage Balance: $500,000PITI: $2,750/moAnnual HOA Fees: $2,3...
Jamie Rost
Question on the wholesaling process
I am just learning about wholesaling and I wanted to make sure that I understood the framework of the process. From my understanding, the various phases of a wholesale deal include the following: A call is received fr...
Nat C.
Property managers outrageous purchase offer
I hired a PM to find a tenant for one of my properties which has become vacant.
Their agency has a lot of good online reviews and when I interviewed them, I was impressed with their professionalism.
He has just now em...