Matt Dorsten
How to motivate and UNmotivated seller
I'm looking at a commercial piece of property that is a For Sale By Owner property. The owner is older, very difficult to deal with, very unmotivated, and out-of-town... and in my opinion has the property over priced...
Justin Waters
Trading One Home For Another?
Hey there! Title might be weird but here's my question. I have decided I am ready to "buy" another home. I'm tired of living in a neighborhood and want to move into the country. My current home is paid off (valued at ...
Dave Wyman
LOI format / example
When submitting an LOI for a small multifamily property, should I use a lawyer to draft a template to use? Or is there a standard LOI most investors use? If so, would anyone be willing to share an example?
Thanks i...
Joshua Frost
Foreclosures
Hello everyone,My question is can you really get foreclosure properties using the 70% rule? It seems this would be an extremely low ball offer. Specifically REO properties that have been on the market a long time. ...
Anuja Savaskar
98k house in a Million dollar area
Hello Investors,I am looking at this property being sold by school district, its a 98k house, good size of more than 2500 sqft. It looks pretty decent and a classic house, need some modern cosmetic on it and some fou...
Ariel Echevarria
Buying from the department of HUD
I happened across a house in my local area that was purchased in what looks like a sheriff auction by HUD for $10. Yes. That's correct $10. They listed it for 85000 back in early summer and is now down to 74999. It wa...
Account Closed
What are realistic return percentages for private money lenders/investors?
Wondering what the typical returns are for private money investors for house flipping? Example: If I were to approach a friend, family member or colleague who's flush with cash and ask for a 50-150K investment, what w...
John Moore
Agent playing games, has this happened to you?
Called and spoke with listing agent. She explained they had 2 NC offers on table. She told me a ballpark on price to be compete. Tried to get agent to draft and submit offer on my behalf no luck.Called next day, she s...
Chris M.
Comparative market analysis in negotiation
I'm very interested in buying a condo listed at 109k.
The market analysis shows what appears to be an identical unit that sold for 94k in 06/2016. The unit was on the market for 50 days and is a first floor unit in ...
Tim Pagano
FNMA Owned Home
Hi all I've found a FNMA owned home locally. They've owned it since 2014. It's the kind of house I've flipped successfully in the past, but they are asking too much for the market. I've never offered on a FNMA be...