Acker B.
section 2 or wholesale
A motivated seller owes 50,000$ on a morgage. in addition, she have a 5,000$ lien an the property. She lives out of town and rented the place to friends of the family in which they are destroying the place. the comps ...
Lenna Groudan
When to Pay a Wholesaler - What is Reasonable and Customary
Hi guys, We are working a deal and it is our first time we have tried to close a deal with a wholesaler. We like the deal and his finders fee is reasonable so no problem with the numbers.My question is around whe...
Tony Hardy
Just closed an Apartment Building in Elgin and Beverly
I recently brokered a sale at 1566 Mark Avenue, an 8 unit apartment building in Elgin, IL. The sale price was $430,000 ($53,750 Per unit, 7.66 Cap Rate and a Gross Rent Multiplier of 13.04). The property sold for 93%...
Arthur Clark
Ohio transactional funding
I have clocked a few hours on BP since joining. From many of the forums I have read a brokers license is needed in the state of Ohio for wholesaling.An alternative is to buy the property and then resell to another inv...
Jeff Blackwell
San Diego Appliances
Hi BP Community,I am purchasing a Duplex in San Diego with the intentions of fixing it up and renting out one side while I live in the other. The units do not come with any appliances besides an old oven. Any local SD...
Stephanie D.
Do I need sewer back-up protection if the property doesn't have a basement?
Hello! I am just looking into insurance on my new rental property. It does not have a basement and the lower level is 3-4 feet above grade. Can the sewer still back-up into this kind of property? The cost is low, but...
Jonathon Rodriguez
Investment Realtor in Alaska
Hi All,My name is Jonathon Rodriguez and I am a Realtor with Keller Williams Realty Alaska Group. I have been a real estate investor since 2008 when I first purchased a 4 plex in Anchorage. Two years later in 2010 I b...
Landon Dean
Private Money
My strategy, but not sure how it would work:Need about $30K (for 20% down payment) to purchase another buy & hold rental roughly around the $110K - $120K price range. I have two possible private money lenders and ...
Jesse Hinaman
Back and No Longer a Skeptic
Hello all fellow BP'rs! I'm over in the Sacramento California area, and I'm excited to be officially active on the site! I stumbled upon BP a few years back, but did not give it a chance. I figured it was a GURU marke...
Drake Siegel
1st post been on the outside looking in for awhile: First offer - Short sale offer ended in foreclosure
I put an offer in on a short sale property about two months ago with the intent off flipping the home. I just found out that the bank is not going to allow the short sale and the property will be foreclosed on. Why wo...