Kwame Darko
Looking to analyze this condo deal.
Hello BP,I need help analyzing this deal. This is a foreclosed condo.2 bedroom, 1 bath 924 sq ft condoPurchase price: $65,000 Estimated repairs: $14580 ($15 sq ft estimate) for carpet, paint, kitchen, light fixtures.A...
Nathan Reo
How To Calculate My First Offer
Hey, Reo here. Bran new. Hoping to get some help on my first deal.I want to offer to buy a lady’s house. She’s an old widow who doesn’t really want the property. She got it when her husband passed and doesn’t know...
Bill Dengler
Cost Plus Pricing by GC? Anyone hear of this?
Im looking into working out of state renovation with a GC. I really like his work, ethics and how fast he gets back to me. I am looking into a foreclosure that needs alot of work and he said that he can do Cost Plus w...
Jesse Martin
Lease Purchase Risks???
I have a deal we're negotiating. The house has been on the market for awhile, and isn't selling. The property has been fully rehabbed, and is ready to go. We are looking to pick up the property to turn it into a Ai...
Andrew Bassuk
65% rule in CA?
Hi. I'm new on the forum and have a ??
The flipping rule of thumb of 65% ARV minus repair costs makes sense in markets where houses are affordable. I'm wondering if it needs to be modified in southern CA.
If I cou...
Todd Nordstrom
How will Lender look at this situation??
My wife and I currently rent here in Hawaii and I am looking to buy and hold out of state where I am from.Our current situation is I earn w-2 decent salary, same line of work for 16 years, same place for 10 years. My...
Cameron Berens
Motivated Seller, What Should I Offer??
I've just recently sent out my first YL campaign and think I might have my first actual motivated seller to work a wholesale deal. Some info about the property - about 2,200sqft, 2 story SFR, 4b/2.5b, built 95', unfin...
Ben Bakhshi
Buying a note that is late in it's straight line amortization schedule
With straight line amortization schedules, interest payments decline over the life of the loan.Does anyone have some tips (or formulas, or excel tables) for calculating the actual interest collected if you buy a note ...
Peter Schiff
Feedback on harsh mortgage terms
I have received a mortgage offer with the wording of covenants and default looking very harsh. Can you share you opinion on what you think about these? --------------
10. Borrower covenants and agrees with Lender tha...
Alex Lee
Negotiating Foreclosure Payoff
Hi all! I’ve got a duplex that we grew up in located in New York. We lived in one unit and rented the other. It was owned by my dad, but he passed away a few years ago, we rented the whole thing out.We have since m...