When I became a member on this site, I was looking for that key ingredient that allowed many of the investors to become landlords overnight.I researched every strategy, every problem that could possibly come up and c...
Hello BP Readers,
I have been involved in the RE field now for 2.5 years. After purchasing 10+ out of state properties with all cash in the $50-100K range, i ran out of funds. I then obtained $500K LOC (Line of Credi...
So after almost 2 years of reading books, asking a millions questions on BP, going to REIA meetings, listening to podcasts....IT"S DONE!!Closed on my first Wholesale deal in Dekalb County, Ga. It was very surreal look...
This brings me to another question. I’ve read where buyer pays closing costs. ( regular wholesale deals). Do I need to adjust my price to buyer to compensate for this? If I do, what are approx. closing costs?
Say, c...
My wife and I are in the process of buying a reo from countrywide. We originally wrote in our offer to close the end of january, countrywide pushed it back to February 19th with their counter.
We have completed ev...
When doing a BRRRR, it is my understanding that you're limited to pulling out up to 75% of the ARV. I am correct in thinking that when when refinancing, if I wrap the closing costs of the refinance into the loan, as l...
I am escrow with a cash offer. Can I still do conventional fianacing? or other options?
I’ve ran upon a deal that is being marketed by a wholesaler in my area. I ran the numbers and at the price he’s asking, I’m confident I can find a cash buyer who would be willing to pay more. I’ve spoken to him and ex...
Hi All,Im currently in a process of funding a deal with a private lender. the deal is around 700K and he asks me to pay the points in advance and not during the closing date.Is it normal? the lender is providing me a ...
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $80,000
Cash invested: $50,000
Baltimore, MD rehab had it's challenges. However, Baltimore market 2019 is best I've...