Alex Boots
Cash at closing
I am looking at a 48-unit deal and spoke to the broker today. I asked him other than price, what motivates the seller the most? He said cash at closing. Can someone clarify what this means? If I get a conventional loa...
Erik E.
Building a multi for house hacking
Hey everyone,My wife and I are talking about if we want to save for a house of our own, or buy investment properties while continuing to rent. I have heard about house hacking and my wife seems to be on board with it...
Matthew Drew
Advice on Listing Agent Misrepresenting Property
Hello,
We are currently in the option period for a house, and there are some minor repairs that need to be done. We also sent an amendment to the Listing Agent, along with a copy of the inspection.
Tod...
Lee Ali
The Fallacy of the Necessity of Down Payment.
Banks have led a great many people to believe that the mortgage mess exists because too many loans were given at or around 100% LTV.
That is hogwash spread by banks because the...
Ryan Allen
Tenants Late on Rent
I purchased a property in early August. It is a 3 family and I am currently house hacking it (Upstate NY). When I was under contract (was put under contract the last week of May) I requested all tenants be gone by clo...
Walt Strader
Fraud in MLS disclosure
I recently signed a contract to purchase a home in VA in which the MLS listed the house as having 2460 sq. ft. When the appraisal was done, the appraiser verified the house only had 1948 SF. I shared this disparity ...
Tim G.
Finishing 2nd flip - steep learning curve
Here's the link to my first flip if you feel like reading. Great profit but did most of the work with the help of my family. Not exactly the best way to grow a business and my day job suffered because of it. http:/...
Brad Gibson
Management Software for STR
Does anyone have any recs for a management software for STR’s?I already use Hostfully guidebooks for a pair of MTR’s we are having great success with, but we simply manage the calendar and bookings between Airbnb and ...
Sara Shinn
How to deny a tenant request for modification to property
Thanks for any and all feedback you can provide on this one! I had a tenant text me recently requesting for us to paint a part of the walkway that leads up to stairs because its uneven with the parking lot concrete. W...
Nixon Vayupak
Need Input to close this CA deal. Where can I have done better?
Just recently, I received a call from one of my yellow letter mailers. The property is located here in Southern California in a very demanding part of Orange County block away from Roosmore. High overview, the mothe...