Kay March
Selling FSBO - Buyer wants 3% concession (not commission)
I'm selling a rental house FSBO. An agent calls and says she has a buyer willing to pay the asking price. She and the buyer each want 3%. The agent wants a 3% commission (fine with me), and the buyer wants a 3% conces...
Daniela Tomescu
Buying a RV/Mobile Home Park
I have made an offer on a RV/Mobile Home Park and hope to start my due diligence period soon. The park has 40 sites, 11 park owned mobile homes and 25 RV sites. 3 sites are non-performing. Most residents are full time...
Dana Lively
House Hack. Getting a foot in the door.
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Ogden.
Purchase price: $440,000
Cash invested: $64,176
This is a house hack purchase on an up/down duplex in Ogden, UT. It...
Lance Castillo
The Third R in BRRRR???
I am going to give some hypothetical numbers to illustrate my question. Say I was able to buy a $100,000 property that needed about $20,000 in rehab to get to a good state for renting. Say I used a commercial loan to ...
Corey Owen
Question for Flippers selling to FHA buyers
We just sold a house to an FHA buyer and a lot of things came up in the closing process that I was unprepared for and I wanted to see if I just got hosed because of lack of knowledge on my part or if what I went throu...
Bo Kim
HELOC on primary - Andrews Federal CU
Hi all,I am looking to get a HELOC on my primary to expand my rental portfolio and I came across Andrews Federal Credit Union with the following terms (property is in CA):The contact said they can go as high as 100% L...
Samara Thelen
Want to buy a distressed property that has a reverse mortgage.
Looking to buy my first investment property and I have found a potential property that is in preforclosure. However the deceased owner had a reverse mortgage around $300,000. Her son is wanting a short sale before it ...
Gabriel Peterson
Subject to vs. Traditional Mortgage
I have been looking into investing in properties for sometime now and have the cash reserves to make a down payment on an investment property. My original plan was to mortgage the property the traditional way. I am ho...
Account Closed
Atlanta, Georgia 2 BRRRRs in 41 days (original post got deleted)
These are the two BRRRRs we executed a month ago.I have attached screen-shots of the BRRRR analyzer we use in our due diligence below. If anyone is planning to BRRRR and have questions about the process, I will be hap...
Eli M.
standard contract
hey there!
will the standard contract give me an opportunity to cancel the deal if the appraisal will come in below the selling price (and the buyer wouldn't want to lower the price) ?
also, if i am not...