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Good evening!Hey everyone,I walked through a single family flip with my GC today and the big wild card is the septic. The seller claims it’s a septic “installed many years ago” he said its been pumped every year but i...
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When reaching out to a mortgage lender prior to a hard money deal, what are some of the things you like to ask or some of the things that have tipped the scales in your favor? I have been banking with a local credit u...
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Hey, I am looking to buy/build a new home in Austin to live in. I want to rent out the spare bedrooms in the house and I was wondering where I should best invest my money. I am looking to spend 400k on a house and I w...
Hi-The seller agreed to sell 2 properties to me. He wanted the total price to add up to 475K and I was planning to live in one of the houses. I offered House A at 250K (Worth ~250K)and house B at 225K (worth ~300K). H...
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Spoke with a bank that doesn't require any "seasoning" before refinancing, however the mortgage would be amortized over 15yrs. Is this typical? This obviously would require higher monthly payments that would eat into ...
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I thought this might be a fun game.
What is the worst (read- most asinine) interaction you've had with an asset manager?
This could be during a negotiation or during an escrow, but I think I just had mine.
Today,...
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Hi. I'm looking for some help understanding the best way to factor in roof replacement cost, at a given time in the future, to the offer price. I would categorize this as CapEx expense of course but my question is a...
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Good evening BP!I am underwriting an Indianapolis Class C community propertyTwo buildings, totaling 30 units (studios and 1 BDRM/1BA)Initially I began negotiating by providing the seller a letter
explaining my under...
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I have two deals in the Charlotte Metro Area. One is located in Cabarrus County and the other in Iredell County. The sellers of both are motivated and want to sign contracts tomorrow to sell their properties. These wi...
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We live in the north Atlanta metro area, and we are looking to house hack. The issue is that traditional duplexes/triplexes are pretty rare, but basement apartments are very common. We ourselves used to live in one. M...