Parish Benoit
Home Owner wants out of contract that is Sold
I currently have a contract to buy and sell on a property. The property has been appraised by end buyers bank and title company is ready to close on my buy side. The home owner's mortgage company that was about to for...
Steven M.
Due Diligence Checklist ?
This Friday my wife and I are going to be taking a trip to look at a property that consists of approximately one acre of land located in Maine. It includes a 3-bedroom, 1-bathroom ranch house along with a private stre...
Tim Walls
First Commercial Deal
I am looking at buying an old two story brick commercial building that is right on the town common in a very good city just west of Boston, and is perfect for mixed use. Price $750K, and most of the repairs would ...
Ashley Andrews
Tax Pre-foreclosure
Hello everyone,I am new to tax foreclosures. Any advice would be greatly appreciated! I have came across a property that has been abandoned for 2 years. It needs a lot of work, but has great potential. The owner has n...
Stan McCune
finding wholesale deals
Hey Guys,
I'm somewhat new to BP and I'm trying to educate myself on wholesaling. Can anyone make suggestions on how they find deals to wholesale or point me to a thread on the forum that deals with this ques...
Sabina Hasan
FHA Asbestos safe for child
Hi,I purchased a old home under FHA 203K and it was approved but I found out that the whole siding is wrapped in asbestos shingles and that the Radon level in the basement is 30 psi which makes it only 10 psi on the 1...
Brett Bumgarner
How Do I Structure Private Money Line Of Credit?
I am trying to figure out how to structure a deal with a family member and was wondering if anyone would have advice for me. My uncle wants to invest in real estate with me and has a lot of cash. He is willing to...
Jim Tiernan
Letter from Chase Bank, LLC name can't be on insurance
Anybody else have this happen? I bought a rental in my name, then transferred title from my name into my LLC and also changed the name on the insurance to my LLC. I received a letter from Chase saying "the name on the...
John Geldert
How to decide lien position with two private lenders
I have found a deal and it will be purchased with a partner as a JV. Now if we both bring in private money how do you decide who gets 1st or second position? I currently have an LLC in which the house can go under. A...
Mike Conner
BRRRR turned to Flip due to high interest rates
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $157,000
Cash invested: $35,000
Sale price: $255,000
This was a purchase at the foreclosure auct...