Son Phan
How to know if a duplex cost too much?
Hi everyone,First post and first time investor! I am looking to buy a duplex with a FHA loan as owner occupied. My agent has sent me a few properties but in my area in FL it’s around 350-400K For a duplex. The area I ...
Patrick Hancock
Private Money Partner Question
Hello,
Partnering with a private money lender to assist with down payment on a duplex. He will receive a return on his money for seven years but no equity in the property. His question was how secure was his loan. ...
Jason Stephens
Breaking Lease Options
Hey all, I currently live in an apartment. My lease is up on 15 August, and I just made an offer (17 April) on a house in my area. Assuming the offer is accepted, we are planning on closing sometime between 1 June and...
Alon Kostetsky
Buyer's Agreement Fees
Hi all - I hope you're doing well!I'm about to start looking for an investment property. The real estate agent is asking for $495 as part of the Buyer's Agreement and the amount is due at settlement. Are those standar...
Kyle Martinez
How to proceed after the sale of your first property
Hello all, new BP user! Just looking to be sure that I am taking a step in the right direction here. I live in WA and was lucky to utilize the State's down-payment assistance program and purchase my first home in 2017...
Sami Gren
Quit or stay and renew/increase in essex county nj
Hi,
I've seen most management's when they send rent renewal letters it's a quit or renew letter,
I was wondering if in the state of New Jersey (essex county) are you supposed to write the quit or eenew/increase or...
Steve A.
buyer changing names on purchase agreement
In Washington state a buyer made a written offer on property and wants seller financing. After we accepted the offer the buyer refused to have credit, bank or employment checked (red flags). Now buyer is offering to ...
Philip Coiro
Adding my First Flip to my profile
Investment Info:
Single-family residence fix & flip investment in Pittsburgh.
Purchase price: $76,250
Cash invested: $105,000
Sale price: $265,000
Long Distance Flip, I went out to Pittsburgh...
Anthony Buscaino
COOP / CONDO_LESS THAN 20% DOWN_NYC
Hi guys,I'm located in NYC - specifically searching in the Brooklyn and Queens boroughs.In regards to getting approved for purchasing a coop / condo, I'm aware that most require at least 20% down. Are there some build...
Simon Obas
Advice for section 8 tenants
Greetings. If a tenant is on section 8, do you still require them to have employment? I just put a rental on the market and a good amount candidates have section 8. How do I even accept section 8? Any advice is helpful.