I'm a real estate newbie.
I mailed my first offer to an out of town seller (without a deposit).
I sent an Option Contract for Sale/Purchase.
Owner asking $159K for a beautifully renovated 2 Br, 1 Ba., Screened
Patio/P...
I am looking at a property in Texas that is in Foreclosure from a reverse mortgage company. The previous owner was a hoarder and my research seems to show that he was foreclosed on because of past due taxes (on top of...
Seller owns property outright. house has probs I am aware of, probably more so than seller. Seller (actually power of attorney holder) needs money ASAP, for reals. Title co says they need 2 weeks to close. I've got th...
I have an 18 year old tenant that has been paying on time since he started renting from me (just 4 months ago). I told him about a house i am flipping and he wants to buy it.
His credit score is 710. But he has n...
I'm looking at making an offer on a FSBO SFH in Louisiana. I'm estimating rent to be about $1100. The expenses are:Insurance (including flood) = $225Taxes = $140Maintenance and Capex = $110Vacancy = $110Management = $...
Working on a deal in San Antonio where I currently wholesale properties full time. This one doesn't meet the wholesale requirements so my next thought goes to Lease Option or assume loan then owner finance. Seller b...
I am currently in the closing process of purchasing a future house hack with one unit being vacant and the other unit having a tenant on a month-to-month lease. I plan on living in the vacant unit and renting out the ...
Hey BP,I am negotiating on a 4-plex where the seller is asking 319K and I need to get it to at least 280-290K to start making sense. I was amazed to find out that he paid 64K for it in 2013. Factoring in 6 years worth...
Background: My wife and I are under contract to purchase a home using an FHA loan. Today however we received a call from our lender informing us that it seems like the title has a date of August which would break the ...
Hi Everyone,I'm looking to purchase my first property and have run into an issue with the financing. Some of the copper plumbing for the 2nd floor bathroom was removed from the property. Based on what the agent is t...