Jeff Warner
Buyer has 40k to put down
I have a house under contract for $115k. There is an existing mortgage on the property for $80k. I listed the property for $119k and I got an email from a buyer asking if we can carry if they put $40k down. Obviously ...
Robert Blazer IV
HELOC Hypotheticals - What're the downsides?
I'll start by saying it is my understanding that when buying property in the $20k-60k range, I'll be bidding against cash-buyers. Let's say I find a $50k property I like and I pay cash, then take out a HELOC. Then I f...
Jennifer Lee
what would you with UNREASONABLE listings, that interests you?
hi BPYour thoughts.Ever since I move here, I've been eyeing a bunch of commercial real estate Buildings, and learnt it was owned by 1 guy.Before I was a Realtor, I always thought, one day when this guy decides to liqu...
Gary Rankin
Qestion about wholesaling in Texas?
We are new to REI and feel one of the best ways to get our feet wet is to wholesale a property. For the first few deals we would like to wholesale a few properties until we feel comfortable enough to do rehabs or basi...
Matthew Hitchcock
Exterior paint for newly acquired brick building.
Closing date set for our first apartment building. Trying to plan ahead and think painting will make the building pop, create curb appeal, and a desire to live. Has anyone had any experience with this process? Rough c...
Tim Kaminski
2 Units, 1 Gas Water Heater- Help Reduce Expenses?
Hello!My Duplex currently has 1 gas tank WH serving both units. Owner paying for water AND gas. I'm trying to cut costs and looking for best solution.Is it possible to wire an electric WH to both units? I don't bel...
Neil Sea
Canadian Investors Success Stories
HI BP,I am interested in hearing the success stories of various Canadians. I started my REI education a year ago and decided this is going to be a passion. I purchased my first property this May achieving my 1 year go...
Chris Chesser
"Safe" amount of money before purchasing
What is (generally speaking) a "safe" amount of cash to have set aside for expenses before entering into a first deal? In my area I can find 3-4 unit properties around $120K (smaller town) so, obviously on an FHA loan...
Brandy Phillip
To Duplex or Not to Duplex.....that is the question
So we have just closed on a 100 year old home for under $80,000. The house is only 972 sq ft; however, the selling point was the detached garage. The original plan was to convert the garage to a small living efficie...
Cal C.
My continuing issue with the new design
As illustrated by the near complete lack of response to this thread last week the new design has not been a hit. Ten days and only two positive responses and those were from individuals deeply involved in the develop...