Philip L.
Structuring a deal - What are my options?
Yesterday I agreed to purchase a house in Michigan sale price is $110,000
The seller is asking that I pay $40,000 upfront to eliminate the current mortgage then the remainder $70,000 on seller finance for four years ...
Kate M.
Desperately need advice on a deal which is on life support/dead.
This is for a short sale which I have under contract. The terms state I would have the financing within two weeks which will run out end of next week. I am in the middle of the process of taking out equity in a ren...
Natalia Reeck
Can the seller escrow ask for more money after I sign and wire?
Hello everyone,I was the winning bidder on a REO property through auction.com. Here is what is going on:As the buyer, I have been meeting all deadlines and found everything they ask. Closing was supposed to be Februar...
Max Cordova
$400,000 Multi-Family in Central Jersey (worth it?)
Currently looking at a multi-family property in the Central Jersey area.
They are asking for $425k for the property.
It has 4 units (2 bd/1 ba)
Each unit can rent out for a minimum of $1200/month.
PROBLEM: Asbest...
Tyler D.
Looking for advice. I want to finance a small property. BRRR
I have a house I bought last year for 40k, and want to pull the cash out so I can put it into other investments. The two issues I have been having are:1) The closing costs are so high that it seems not worth it to pul...
Maria Teo
joint or seperate contractor & engineer contracts
I've heard it is preferable to have separate contracts with each building professional (architect, engineer, contractor), but why?I received a contractor proposal including both the contractor fees and the engineering...
Marco Morkous
Too many properties?
Is there such a thing as too many single family properties? Say some gets up to 100 single family rentals. Is that too many moving pieces? Is it better to have one apartment building? I feel like I heard that on today...
Mike Ritter
Should I sell my duplex?
Hi,I have a duplex that I bought in 2008 as my first rental property when I wanted to get into RE investing. Just would like some recommendations on what others would do with this property.Details:Both sides are 2 bd...
Chad Skiles
First Deal on a Fannie Mae REO
I am about to make my first offer on a Fannie Mae Home Path home. It's going to be a live-in-flip. It's listed for 70k. ARV is 110-115k. My MPP is 60k, but I really want to get it for ~50k. How can I get the b...
N/A N/A
how do you explain that you will be assigning contract
is it necessary to inform seller you will be assigningcontract, and if so does anyone have a diplomatic way to explain. Also, who determines the earnest deposit amount?