Shaka Farrier
How do I negotiate this duplex without scaring seller away
Hey BP, Ive finally found a small multifamily here in the Hampton Roads area Virginia. It's a small duplex built in 1953 that is in very good shape. I plan utilizing my VA loan and owner occupying for the required yea...
Eric Turner
Tax Implications for Seller; duplex sale subject to current loan
I have a client selling a duplex. He bought the property for about $100K 15 yrs ago and refinanced the deal, pulling cash out about 10 years ago for $325K. So his basis is very low.We have an offer on the property f...
Rose Dakin
buying out my sister's share in a 4plex - seller financing?
Hi there - thought i would ask the bigger pockets community in case there is someone who has done this before - I own a 4plex with my sister and ex-brother-in-law. they want out, so I want to buy their shares. they ea...
Jimmy Chou
What happens when seller signs multiple contracts? Is that fraud?
Hi Everyone,I got a 1BD/1BA condo in Downers Grove, Illinois under contract for 15K on 11/4/2015. I put inspection deadline on the 18th and closing date of 25th. (Yippee! My first deal) A few days after the contract w...
Pooja Gupta
Seller Tenant stay in home for 15 days after closing.
We close a deal for a house on agreement that seller tenant can stay in house for 15 days after closing. We ask our agent and he told us we will be getting rent for 15 days. Now, the seller is not giving us rent for 1...
Michael Perez
Purchasing From a Seller Who Is Using Power Of Attorney
I made an offer on a piece of property recently. The children of the woman who owned the property responded today saying they have power of attorney for their mother and would like to sell. With this being the case wh...
David Edwards
Looking for Tips on First Wholesale Deal with Motivated Seller
Hi, I am currently working my first Wholesaling deal with a home owner in my area. I am just wondering, what kind of useful information shoudl I be asking owner regarding the property being sold? Sort of don't know wh...
Philip Tun
What is the best way to approach this potential seller
I decided to get into wholesaling about 2-3 weeks ago and been trying my best to get leads. I have been talking to a for sale by owner and he needs to sell the house because he is moving out of state. I asked him if h...
Orlando Paz
Question about partnering with a seller to flip a house.
The thought of partnering up with a homeowner to fix and flip crossed my mind, and wanted to get thoughts on the idea. These would be people with homes that need some work, and are looking to sell. They would get to s...
Seth C.
Your Creative Solutions for Closing 10-15% Buyer/Seller Gaps
I am seeing a number of properties in my target markets that are 20-30% above my strike price. Many sellers are willing to drop 10-15%, but what do you do to deal with that remaining 10-15% that will make or break the...