Deborah Moser
Buyer Paying Attorney Fees for Fannie Mae??? Really? Beware!
Hey BP need your help...Just encountered an issue that has me stumped. We are about to close on a Fannie Mae REO property purchased at auction and discovered (much to our surprise) when looking at the HUD-1 closing st...
Mike Kalob
Cheapest Kitchen/Bath Materials? Home Depot?
Howdy All,I'm about to fully reno my kitchen and bath in
hopes of renting out my 1bedroom. Is Home Depot the cheapest place for
materials for one of my rentals? I've read some people go
material diving...
Logan Curry
Mortgage question on duplex purchase for owner-occupancy
Hello BP community,
I am looking to purchase a Duplex with two tenants under a lease agreement (one until May '23, one until June '23). I fully intend to owner-occupy the property, and I don't have 20-25% to put down...
Account Closed
Inheriting a SFH, how do I get it into my LLC?
So I’m in unfamiliar territory here in regards to an inheritance, so I figured who better to ask than the experts here. Here’s my situation:Unfortunately my father passed away a few weeks ago, and my sister and I are ...
Asan Dixon
Inherited Property, can I buy it?
Hey guys, So I have a property I want to put under contract in Ohio. The seller basically wants out and are willing to almost give it away. They have some back taxes and its going to auction on August 1st so they agre...
Brad Watson
Rent to own tenant wants to move into a different home we have
My wife and I have two investment properties. We are both attorneys, and due to our schedules, don’t yet have time to have rentals. We are doing rent to own deals at the moment.9 months or so ago, a real estate agent ...
Ryan Sullivan
Covid Refinace Worth It?
Hi Everyone,Recently I've been getting super low offers for refinance during this covid crisis for my primary residence. Which is a 1950 Cape Cod 4 bed 2 bath, single detached garage. This is my primary residence, I d...
Eric C Gunderson
Cash on Cash versus Equity
I have a BRRRR property in escrow with opportunity to backout due to some inspection items the seller is not willing to fix. The deal will provide over 20% Cash on Cash but all in cash will be essentially at the expe...
Anthony Van Guyse
Contractor Recommendations - Northwest Arkansas
Hi all!I purchased my first out of state investment property in NWA (Bentonville) earlier this year. It was essentially turn-key, which was nice for my first deal. However, I am now ready to do some rehab work and cre...
Timothy Howdeshell
How to structure seller carry no money down deal?
How would I, or should I, structure a deal to involve no money down? I am the buyer in this situation.
Example:
ARV = 130k
Rehab needed = 15k
Purchase price = 80k
Current/As-is value = 96k
The seller has said ...