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Being a buyer is it mandatory to sign a Buyer representation Agreement with your Real Estate Agent? My agent suggests I sign it in order to work with him and for him to put an offer on a property. Is this a common p...
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Hey guys, question about hard money quote, please advise:My quote for a loan of ~ $168,000, my first flip9.5% interest rate (I understand)Closing Costs- 1.5% Origination Fee (I understand)- $1,495 flat rate Processin...
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My wife and I live in Livonia, Michigan and are making to push to get out of analysis paralysis and into taking direct action in securing our first investment property. We have been in the education phase for quite s...
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Hey Everyone. I've been on here for a bit and have been to some RE meetups the past six months. I'm looking to get my feet wet and buy some SFH rental properties out of state (I live in Los Angeles). I spoke with a...
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I realize that someone could use both at different times, and it's dependent upon the listing price and condition of the house...but of these two, which do you use more often:
1) Start with your lowest offer (maybe l...
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Hi,Happy New Year everyone!I am looking to start wholesaling / flipping houses in Los Angeles County. What is the best strategy for someone new to start with the "mailing pieces": Post Cards, Yellow Letters, Zip Lette...
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Hi all -
My wife and I are working on our first deal. Our plan is pretty typical - FHA our way into a duplex and live in one unit for a short period of time, then move to a single family and rent both sides out.
We...
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Recourse and non-recourse loans are two types of financing agreements that differ primarily in the lender's ability to seek repayment beyond the collateral.
Recourse Loan: In a recourse loan, the borrower is personal...
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I am looking at a newly constructed house and it is a little over what I am looking to pay....How negotiable are newly constructed houses. I know the market right now is in my favor.
Thanks
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I have 2 rentals (they are townhouses right next to each other) for 2 years now, I have been doing air BNB out of them and the return is great and I was able to make this my full time job by doing the cleaning on my o...