Hurricane Hamilton
Buying a 10-20k house from out of state - How to find an agent?
I'm looking in the Detroit area at homes that are on the market for 10-20k to buy, rehab and rent. I'll be flying up to select a team of contractor and property manager to be ready after I close on the first house. My...
Drew Cameron
Trade money for time
Hi fellow BPers. I am a real estate newbie having been in the game for almost a year now. I'm currently in the raising capital stage to eventually get into buy and holds. I have been doing this primarily through worki...
Account Closed
Un-cooperative Tenants
So I have this house that I am trying to wholesale. ARV is $150,000 and I am selling for $105,000. It is being rented for $1300 a month and needs little repairs (paint, flooring) about $7,000 -$10,000 in repairs, if t...
Robert Miller
Question on Tax Assessed Value
How accurate is the County assessed value on a property?
Where I am there are no comps to compare to,Is there a way to use the Assessed value and deduct a percentage to get an accurate number?Thanks in advance
Wilson Feliciano
Mortgage rate shopping
So I'm now ready to start the pre-approval process to know what's my spending power as a first time home buyer. With rates going up in the last two years you could only imagine how scares it can be. What are things th...
Nathan Burnett
Does Missed Closing Date = Voided Contract?
Hey All! Would like to get your input regarding the validity of a purchase contract..Scenario: Closing date has come and gone, because the buyer's lender took longer to process the loan than expected. The buyer and se...
Rodney Smith
Hello from Redding, CA
Hello everyone! I'm excited to have been referred to the BP community (and podcast which i've been listening to like an addict recently). My wife and I bought a 4-plex in 2011 and a SFR at the end of 2013 (both in Red...
Dainen VanGorkom
New Agent Advice
Hello BP,My names Dainen VanGorkom. I am a new real estate agent in Iowa. I currently have three listing and I am having a hard time selling them. Also, I am having a hard time finding additional clients (buyers or se...
Nick Edgington
Buy Cheap House Just To Create Lender Relationship Who Offers Favorable Terms
Hi everyone,
I found a lender that lends 30 year fixed with only 10% down and waive PMI on 1-4 unit INVESTMENT PROPERTIES. I believe they hold the loan in house which is why they can offer such favorable terms.
The...
Shankar Sridhar
Seller financing deal with negative cashflow in California
Hi, I have been talking to a seller who has hinted about selling this property via owner financing because he wants to avoid capital gains as much and does not work to further handle this property. It's a 4-unit prope...