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Dear BP Community,Oftentimes a lender asks to write "a brief summary about your real estate experience." Could someone, please, advise what exactly they are looking for and where can I find a sample?thank you all in ...
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I have just sent out a LOI (Letter of Intent) to a seller for a potential deal. The seller wants me to draw up the contract for the owner financing. I was looking for an example document. AND does the contract have to...
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Hey everybody:)I am looking to buy another rental property, I have enough equity in my main residence and in my first rental property to get me another property. Should I use the equity in my primary residence or from...
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This may seem like a bit of a silly question... but I'm asking anyway.When providing proof of funds or making a cash purchase, does the seller care about "reserves" like a lender would when financing a purchase?Say I ...
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Hi everyone, I'm trying to determine a realistic range of asset appreciation or reduction in value over time on prospective multi family properties. I KNOW that this information must exist. Where do you all look for t...
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A family member is having me sell two properties for her. They are part of an estate which she is the administrator of, but there are multiple heirs. She wants to pay me a percentage of the total sale, is it possibl...
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We've all been there, your at the grocery store and only have enough money to buy one magazine at the check out line, but you don't know what you want to read about. Do you pick Real Estate or celebrity gossip? Well t...
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Does anyone know what the landlord is supposed to do when construction will be occurring on the premises? Based on what I've read, written notice has to be provided 48 hours in advance?
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Do I need to get a broker's license in order to own my own wholesaling business in MD? If so, what would be the best strategy for hitting the 3-years-experience requirement outlined here: http://mgaleg.maryland.gov/w...
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Investment Info:
Single-family residence fix & flip investment.
Purchase price: $150,000
Cash invested: $150,000
Sale price: $187,500
Flipped approximately 550 homes over this time period wit...