McKellar Newsom
Creative Bid Ideas
I like negotiations, but with REOs you often don't get to the table with the bank. The only way to communicate is through the use of a bid. What creative bid ideas have you used buying bank foreclosures?
Kevin Beres
Put my first offer in on a great prop and... I didn't get it, How can I strengthen my future offers?
Hello,Last week I put an offer in on a duplex in Richmond, VA. The numbers looked great, I was planning on utilizes the rent hack method at the place and it was close to my job. I put an offer in that I thought was fa...
Andrey Y.
Paying a syndication sponsor's (high) travel costs
This is something I frequently see when reviewing opportunities:Travel and inspection costs / Asset due diligence $200K $300K etc.Now, if the entity is purchasing 1 or 2 assets, how much does t...
David James
When a potential lender says "Im taking all the risk!"
So I was having another discussion with a friend of mine yesterday. He is my potential lender and has money to invest but is skiddish about jumping in. I told him that with his backing and my drive, knowledge and will...
Konrad L.
Finding deals on potential flips/rehabs
Hello,
Looking for my first house to rehab/flip in the central CT area. My realtor has a filter which sends me some properties once in a while, including foreclosures. I have also looked on homepath for REOs...
David W.
Just Bought a Duplex - Need Advice! =)
Hello! I just got my offer accepted on a duplex in Columbus. I wanted to see if anyone could go over my numbers to confirm they are ok. Have to do a walk through to determine if anything needs work and condition. I wi...
Steven Holiday
My Realtor Keeps Bringing Up Wholesale Opportunities
Hi Everyone. I have a realtor for an out of state investment. I have a management company ready to assist with the walkthroughs, rehab bids, etc., but we haven't been successful on several offers (various reasons wi...
Sonia Spangenberg
What are a good set of questions to bring to the table when being offered a multi-unit portfolio opportunity with 100% financing?
We have beginning experience with SF home investing and are currently using cash for smaller deals. I just want to make sure we are asking all the right questions when we evaluate this next level deal. Cap rate is s...
Will Barnard
Buying a Wholesale Deal From a Rehabber
Not too long ago, I was involved in a discussion where another BP member - Jason Scott, who is a rehabber in Atlanta, mentioned he would not purchase a wholesale deal from me for certain reasons. Thos reasons were bas...
Robin Simon
What’s Next For DSCR Loans? Updates For 2024 and Beyond
Sharing what are some of the things I think may be on the horizon for DSCR Loans in 2024 - inspired by a lot of comments that pop on these forums. Would love feedback/further ideas of what people are seeing or hoping...