Hi all,
I am in the process of a short sale on my home here in CA. I started keeping a log of what has happened so far and thought it might benefit others if I share what happens. So I googled for a short sale/forecl...
I'm looking at a SFR that has been on the market exactly 162 days (5.5 months) as of today. It has a tenant in it and I will be purchasing as a rental property (investment). My question is- the asking price is at 74K ...
I have been asked to manage a property for someone that is moving out of state. I was approaced by him because I have two rentals that are in the same neiborhood of his. I manage my own properties but was wanting to ...
My partner and I have made several (at least 10) offers on separate properties in which we believe would be ideal for our buyers. Our process is gathering the ARV and MAYO and beginning our first offer at 80% of MAYO...
I visited a home today which is marketed as a 4b/3.5bath and turns out it is more of 3 beds 2.5 bath with a toilet and sink in a utility room with the hot water heater and furnace, yeah anyways, still a nice property...
I'm looking for some advice on financing for a rental property I am preparing to make an offer on.
Property details:
3/1 foreclosure listed @ $49,000
My offer = $55,000
Estimated repairs < $3,000
Estimated rent =...
Hi All,
Some background-
We viewed a foreclosure property on Monday of last week. We didn't beat around the bush, and when asked if we liked it well enough to make an offer, we said yes and you will hear back toda...
This seems to be a pretty popular topic on BP these days so I thought I'd add to the wholesaling/marketing discussions. A little background and then we'll move on to the details.
Background
I started my journey in No...
Hi, there is a 4-plex I'd like to buy. However the asking price is a rich $920,000. I figured out based on NOI, that if I put 3.5% down as an owner occupied FHA loan, that all I can afford to offer is $500,000. He pos...
In the world of business and entrepreneurship, we've all heard it.....don't listen to those gurus. Beware of the guru. That guru is a crook! My question is: how do you spot a real estate guru? I'm not sure what quali...