Account Closed
Purchasing a fha triplex need a tenant out
Tomorrow I'm closing on my first home and it's a triplex. I purchased it with FHA financing and need to move into the third floor (first lease to expire). The lease expires April 30th. I can't seem to find a letter on...
Matthew Harrison
cash purchase with no agent in wayne county
I am considering making a cash purchase on a low priced home in wayne county with no agents involved and a motivated seller. I have started to research the steps of due diligence but am still fairly nervous. I was h...
Matthew D.
Recourse? Need advice 28 days into Multifamily purchase
Hi Everyone,I'm looking for advice on how to handle an issue. I recently purchased my first 4 plex. Everything checked out through inspections and the sales process between seller and buyer (me) was perfectly fine. Th...
LIpeng Wu
how to use personal loan in house purchase
Thanks to bigger pocket, I got a personal loan from bigger pocket network. However, I am not sure how to handle personal loan in house purchase. 1.Should I ask for a preapproval letter and attach the letter to my con...
Martha F.
Illinois Purchase Agreement and Investor Friendly Title Company
Hello!Everyone! I'm a new wholesaler and is in need of some assistance. @SeanJones or anyone else, do you have a copy of a Illinois purchase agreement that you use to put a home under contract for a wholesale deal?...
Kevin C.
Owner financing, Land contract vs Purchase money note
Hi everyone.I have been working on a potential owner financing deal and have reached an impasse with the seller. I want to use a purchase money note(mortgage) and be able to subordinate him to second position so I can...
Joseph L.
Commercial Multi-Family Clauses in Purchase Contract (Louisiana)
Hello BP Family,Does anyone know if the following is required in a commercial real estate transaction specifically in Louisiana? This would be for a Multi-family transaction.A Louisiana Sales Report provided by seller...
Jared M.
First purchase in Texas (SFH w/ garage apt)
Hi Folks,I'm looking at property in Spring, TX - a newly renovated SFH that the current owner purchased in Aug15 and is looking to flip. The property has a newly renovated ~450 sq foot garage apartment that is above t...
Joel Fischer
Advice on terms for purchasing with seller financing?
I found a home I am interested in purchasing. The seller is offering seller financing with 5% down and a 30 year term. The seller said they would eventually like the interest rate to rise to 5%, but didn't specify wha...
Jeremy Clarke
HELOC / Home equity loan to purchase a property?
Hello BP community! This is my very first post. I signed up for this website about 20 minutes ago. I'm looking for a little advice.
I'd like to start out and explain my situation. I do not consider myself and expert ...