I came across an interesting thread on when assignment fees are paid here on BP with the title Paid at Closing vs. Paid at Assignment. It raised a couple of questions in my mind about the risks of wholesaling, namely ...
I have a duplex under contract that is scheduled to close in 5 days. Everything was going along smoothly until this morning when I received the sellers' disclosures which noted that the land owner next door believes ...
I have found a good deal on a 3/1 foreclosure near Florida State University. It is a foreclose well under market value in need of minimal updates, mostly interior paint. Completed I should still be at least 25% below ...
My name is Jeff Graves, I've been in the real estate industry full time since 1985 in various positions, such as: Property management, Title Insurance Account Manager, Realtor Trainer, Investor, Real Estate Agent. C...
I am new and have only just begun my research and looking for deals. My issue is that the average SFH is $650000+ and duplexes can be $700000+. If we typically want to shoot to have rent be 1% of the mortgage, how am ...
Good Evening Everyone!My name is George and I would like to introduce myself to all the Bigger Pockets members. I'm a huge fan of the BP podcasts and the knowledge that is being shared by all of the contributors to...
I would like to consolidate the 9 30 year fixed mortgage (currently in my name) into one loan and open up a revolving line of credit to move on additional deals.The nine houses have 70% equity.I’m a professional ...
I have been reading about the 2% rule but seriously questioning its accuracy. I got a great deal on a house in a desirable area of Austin for $297k. The rental we are getting is high ($2500) for the area. However, acc...
So my first rental home was an old beat-up home that wasn't worth much and not in a desirable area, but generally safe. It was a home that I aquired at a good price from family and started my rental career. I stil ...
I am extremely new to investing and also to the BP community. First I would like to say hello to everyone and thanks for being a part of this forum.I have two questions.The first question is in regards to evaluating ...