Ray A Delfi
Subject 2 Deal in Westford VT, 8k Cash offer accepted
Hello all. I wanted to share a project that a fellow BP Member had brought to me and asked for some guidance. @Albertinny Colin asked for some advice for a lead he receive but I was able to tell this was probably his ...
Nick Louie
Going Under Contract While Seller is Renovating
Hi BP Community,I just offered on a property in Brooklyn, New York that is in the process of going through a full gut renovation and being flipped. The property is a two-family. It is off-market, so there is no compe...
Tanner Foy
Feeling like I had a failure day looking for my team, any advice?
Me and my partner felt as if we did not have a successful day looking for our team. Spent about a total of 8-9 hours making calls today. Between lenders, brokerages, contractors, property managers we just did not feel...
Kyler Tarr
Knob and tube wiring
I am on contract to purchase an investment property in Ohio and the inspection showed the house has knob and tube wiring even though it was built in 1959. I had an electrician go out today to inspect and give me a quo...
Joyce Riley
1031 Replacement Property Strategies
If you are doing a 1031 Exchange, do you notify the seller that you are paying cash as part of a 1031 when you put in an offer? Does this put you at an advantage because sellers like cash and don't have to worry about...
Stephanie Phillips
Seller's omission has caused me harm--
I purchased a 4-unit building gut rehab in Chicago, with a 203k loan.The contract had an “as is” addendum.My contractor applied for building permits with the City of Chicago building department.They were advised that ...
Logan Brown
Grad Student: What Job for Entry into Real Estate Investing?
Hey BP Community!First off, I want to say that this site has been a tremendous resource for learning for me! I am a graduate student and intend to enter real estate investing as soon as I can. My Question: I am comple...
Mike Bell
Insurance
Property insurance seems to always be one of my biggest expenses. Most of my properties are replacement cost. The agent says the cost to rebuild is this number. Which is so much higher then I would ever be able to sel...
Nathan Burnett
Does Missed Closing Date = Voided Contract?
Hey All! Would like to get your input regarding the validity of a purchase contract..Scenario: Closing date has come and gone, because the buyer's lender took longer to process the loan than expected. The buyer and se...
Eric Smith
Flips - to use a GC or not to use a GC??
That is the question - to use a GC or not to use a GC for remote flips?
I've been remote flipping in Cleveland, OH and am in the early stages of prepping for a new build in Annapolis, MD. Will be using a GC for the...