Michael A.
Pre Approval Letters
Curious to know what everyone’s approach to this is.Do you get a pre approval letter specifically written for the property on which you’re submitting an offer? Places are selling so quickly that I am often times not e...
Jim L.
below-market deals and "undue influence"
A sale contract can be voided, at the seller's discretion, if the seller was "unduly influenced" by the buyer. As I understand it, "insufficient consideration" (e.g., purchase price well below market value) alone can...
Julia Deck-Russell
Potential Short Sale purchase
While I've done several purchase, fix and flip, I haven't bought a short sale. I am currently negotiating one. I made an offer seven weeks ago. Cash, no contingencies, close immed. There was an offer $10k higher than ...
Luke Mcclure
Yellow letters
I would like to send out post cards instead of yellow letters. Would anyone be willing to share with me an example of a post card they have sent out to find buyers? Thanks for your help!
Olusola Abitogun
Wholesaling / Creative Finance Question
I need help guys. I have a house under contract. Owner is a 70+ year old investor and just trying to offload the house. Triplex investment property. 3 Bedroom/unitFully rented out. 2 of units are Section 8. Price is...
Danny Jimenez
How to choose WHERE to invest in?
Hello BP,I am from California and looking to take advantage of the higher wages here in LA to invest in out of state properties.The problem I'm having is how to decide WHERE that will be done?How did some of you decid...
Jason Chen
Insane 20 room motel deal
I have an interesting success story to share.A number of years ago, I posted about a 20 room motel in Central Florida that was a bank foreclosure listed for sale for $160,000. I ended up winning the property for $180,...
Dan Hill
Credit Card Source of Funding
OK. I have excellent credit ( 780 ) and numerous credit cards with a total credit availability around 150k. Question: how can I effectively use the credit available to me in my real estate investor business? Cash a...
Bryan Hancock
Are Realtors Worth The Commission Anymore?
Given that there is such a liquid market of buyers online I was wondering what people's thoughts are on the commission paid to Realtors. A 6% commission has always seemed scandalously high to me given the typical amo...
Greg Brown
First Real Estate Transaction - Chase Short Sale
Hi BP,Getting started with my first purchase and it is a short sale. It's been on the market for over 200 days. A deal fell through and now it's back on the market. I wish I could find out why the last deal fell throu...