Ericka G.
Appraisal came back LOW - now what?
Under contract to buy a really unique property, but the appraisal came back like $40k under the agreed on sales price. We are financing this one, so can’t move forward without the seller coming down.
Seller (investor...
Ken Bernstein
Cash-out Refi Process
Hello BP Nation,
My partner and I recently closed on a hard money loan to acquire additional properties, and are now working on the exit strategy. We have been purchasing properties since 8/13 and now own 23...
Darren Morrow
MOLD!
I did a walk through of an REO today and it was in decent shape, but the broker said it probably wont be able to go to anyone but a cash buyer because of MOLD!
Any ideas on how much it costs to deal with the mold pro...
Ben Smith
Managing C Class Property Best Pratices
I would like to know what your best practices are for managing a C Class property? Also, any warning signs to look out for?
Rae Targos
Pricing Rents for Midterm Rentals
Hi All,I'm currently looking for a property to turn into a midterm rental in 2 different markets.Both agents I'm working with are investor-friendly, but one has no experience with MTR and the other tells me I can char...
Connor Thomas
How to fix this BRRRR when my ARV is less than planned
I recently bought my first BRRRR and am trying to figure out what I should do next as I feel like I am a bit in a bind. Part of it is a learning process and I have learned a lot for future deals. Another part may be m...
Rick H.
DUE-ON-SALE-O-METER
Was just told today by a Chicago area attorney who works with a lot of investors that he has seen a sharp increase lately in banks calling notes due.Very curious if anyone else is seeing this.
Paul Sandhu
A motel closed in my town yesterday
A little bit about my market/competition. There are 3 premium hotels in town. They offer breakfast, a pool, gym etc. They are $600-$700 per week. People that stay here while they work don't mind spending the extra...
Miguelli Fernandez
Cash Flow Vs. Appreciation
Hi BP. Out of state beginner investor initially looking at single family/duplex in Cleveland area to rent to section 8. The more research I’ve done and the deeper into the process I get I’ve noticed that I’m starting ...
Kevin Olson
Local REI or Out of State??
BP-
I am a commercial real estate broker in Eastern mass. I feel I have a knowledge and understanding of the market in this area as I have practiced both residential and commercial RE for a few yrs now.
As I live ...