Austin Ralls
Pre-foreclosure and wholeselling
I am searching through Zillow and seeing a lot of pre-foreclosure homes in my area that I am interested in going after to wholesale. I have a few questions for anybody who is seasoned in this area of investing and can...
William Donnelly
I offered %40 of the asking price! What now?
Hello Bigger Pockets,I am a United States Marine, and i've been looking to break into small multi-family investing for a few years now. After a lot of research and analysis, I have finally put in my first offer!The pr...
Moises Correa
Multi-family Refinance Question
Hi everyone - I wanted to get some thoughts on refinancing my first property that I purchased in Chicago in July 2020 (it is a 3-unit building and I am living in 1 unit). I financed the property using (i) a convention...
Dru Steeby
My first rental (and the closing from hell that it took to get it)
Yesterday I went through my first ever closing process on a duplex that I will be owner-occupying! I had to go through some crazy things to get to closing, both my buyers agent and mortgage banker said this was one of...
Kerry M.
Is a FHA loan hands-down the best?
My choices are: a commercial 5/20 loan of 87,500 from a good, local bank with much experience who is lending 70% (assuming an appraisal value of $125k.)
Or, I was told last week that if we took it out of the LLC b...
David Brown
Buying a property way above comps but cash flows well?
Curious to get some feedback on how people feel about buying a property that cashflows well but seems to be way above the comps in the neighborhood. Does it makes sense to buy a property were the owner is asking 100k ...
Tim Boeving
Payoff rental or pay down to get out of PMI
Hello all! I have a rental property that has an ARM and a our current residence that has PMI. Question is do we pay down to get out of PMI or do we pay off the rental? PMI is about $90 and interest on rental is about ...
Dante Feria
Quadplex checklist for closing
Hi BP folks , I will be closing on a quadplex this Friday which is fully occupied. Does anyone has a checklist of things to go through at closing and days after the closing ?
Will Porter
Sellers cash-back repair money on *below market value* house
It's my understanding that using seller's cash-back is fraud when you are inflating the price beyond market value. Here's an example:Scenario 1
FMV: $300,000Sale Price on Contract: $350,000Cash back from sellers for ...
Carissa Purcell
Do I have to move forward with this sale?
Advance notice, this is my first time selling my house, so I'm just looking for advice here. I listed my house for $220k, there was a bidding war and it came between two buyers, one for $225k and one for $232k. The $2...