Michael Lee
Is there a way to NOT inherit tenants?
Hello -- I'm considering making an offer on a duplex with both units currently rented. I'd prefer not to inherit the tenants as I want to make some improvements, raise the rent, and put my own tenants in. What is the ...
Aksel A.
Dodd-Frank and 1st MFH purchase for owner occupied
Greetings everyone,This topic has probably been discussed elsewhere, so please feel free to redirect me accordingly and paste links as desired.My case is simple to summarize:- I want my 1st home purchase to be a cashf...
Chris Nonn
Between as is contract and settlement
I have a contract on my second house!!! Viewed house and had some problems so signed "as is". Viewed entire house and knew issues. Appraisal guy for bank came and wanted foundation and roof inspection. Inspector came ...
Luis Fernandez
How do I Sell a 12-unit Building?
I own a 12-unit building. I have an interested buyer wanting to purchase the property for $100,000 with a $10,000 down payment and payments of $593 per month for 6 months. He wants to pay the entire remaining balance ...
Grant Pope
Contract For Deed
Hello all!First off, thank you to any and all of you who will take the time to not only read this post but also the advice you may offer.I am just starting out in the rental properties and I am close to purchasing my ...
Raj A.
What happens if a wholesaler can't find a buyer?
I've been reading more (and listening to many great BP podcast episodes) about wholesaling as a strategy but I'm curious as to what happens if the wholesaler is unable to find a buyer. Does the deal simply fall throug...
Derrick Strope
Question about contingencies
One part of the contracting process that I am not terribly sure I completely understand is the use of contingencies. Of course, I never want something like this to happen but lets say I land myself in an unfortunate ...
Tamarra Banks
What to do if seller wants out of already signed contract?
I think i see my first deal going bye bye.I already have a signed contract and my time period to find a buyer is not up yet. The seller wants to now sell property to a family member. He says the family member has titl...
Michael McDonald
Getting a house to appraise with a basement
I am trying to sell my home in the Greenville South Carolina area that has a basement. When the house went on the market i got 3 offers above my asking price in less than 24 hours. The highest one coming in $20,000 ...
Dallin Wood
Using hard money. Seller wants POF. What do I do???
I have never had this happen before. We are using hard money to purchase a home and the seller asked me to send them Proof of funds from the Hard Money Lender.
Has anyone else ever had this happen before? What do...