J Scott
NEW INVESTORS: CHALLENGE OF THE WEEK!
Here's my challenge for this week to all new (and experienced) investors:
GO MAKE AN OFFER!
Taking action is the single biggest thing anyone can do to make progress on their goals. So, for all you n...
Brian N.
Making your offer count
Hi guys. I’m browsing around properties in my area looking to make my first deal. I’m using the bigger pockets calculator and trying to figure out if it’s a good deal with the numbers and trying to hit that 12 percent...
Josh VanLandingham
Benefit to seller if buyer uses cash vs conventional financing?
Newbie question here...
From the sellers perspective what are the benefits of a buyer offering $100k cash vs $100k through a conventional mortgage lender?
The obvious one I understand of giving the seller the opti...
J Scott
Fannie Mae REOs
Sorry if this has already been discussed, but I stopped making offers for about 6 weeks (too much irrational exuberance around the tax credit), and started making offers again this week...
I made three offers on Fann...
John Shortridge
Fix and Flip in Hendersonville TN John Shortridge Deal Diary
Hi Everyone!I just signed the counter offer for my 3rd deal and it has already turned out to be very interesting with some cool twists and turns so I figured I would start a deal diary thread about it!This property ca...
Cornelius Charles
Diary of a New (wannabe) Investor in Southern California
I joined BP in March of last year after stumbling across the site while searching for real estate information. After a few months of research and study, my then-fiancé and I decided we would pursue rehabbing/wholesali...
Adam Sechrist
Timing of a REO Purchase
My partners and I are going to be making some offers on some REO properties this week. Some of my partners have the bulk of their available funds tied up in a 401(k) right now. When paying cash, how long does the clos...
Tyler Speelman
Seller wants to avoid capital gains taxes
Hey Everyone,
I have a seller who wants to sell because they are worried about potential higher capital gains taxes after the 1st of the year. I mentioned seller financing and the seller said that he would not want ...
Will Mitchell
MLS offers
Hi. My question is this. My money is low, I don't have money for marketing yet (direct mail campaigns), so I am cruising the properties that are listed. I know deals can be done by putting lots of offers in with the h...
Collin Hays
Can we get a refund due to COVID next week?
Dear Sir. "Our governor Cuomo has forbid us to travel to TN next week due to COVID. Can we get a refund?"
Answer: "Not only no, but hell no. Number one, my homeowners are not going to be held financially liable f...