My business partner and I are new to the REI game. We currently have two houses that we have acquired and we are in the process of acquiring contractor bids to renovate them for resale. My question is, should we purch...
I'm selling a house through this realtor because I wanted to return the favor for bringing me the deal. Come to find out, he wants to charge 6.3% realtor fees and a 3,000 broker fee? I've done enough houses to know ...
Hi,Are you expected to use cash when finding deals from a wholesaler or can you still use bank financing?Thanks,Randi Schwarz
Morning everyone. My husband and I are just starting, no deals yet. Got a call from a prospect. He has not said what he will take for his modular home on 5 acres in southeast El Paso County (saying he doesn't want to ...
Hi all,I have a 1st position loan secured by property (non-owner occupied rental, WA state). This property also has 2nd lien, brokered by the same broker. I'd like to keep relationship with the broker, so I also don't...
Thank you all for the wonderful information in this forum!
Question: How do you appropriately price performing 2nds? Let's assume a nonjudicial state with seasoned pay history.
Do you price based on a certain IRR,...
Hello Biggerpockets,I'm in the process of closing on a duplex in Cleveland and am starting to think I picked the wrong lender. I have been asking for details on money down, closing costs, interest rate, etc. and have ...
It's been fun to be on the boards and read about everyone's trials / tribulations and success stories.
I have been successful rounding up a decent chunk of money that would support a 80% LTV loan to buy a property t...
I'm currently in negotiations for an off-market deal involving four houses. These will be buy-and-hold properties. The seller is retiring from the business. The total selling price will be below the total of the curre...
Hello- I'm closing on my first duplex is NE Minneapolis on Tuesday, and on Friday they informed me that the seller had not yet completed the updates mandated by the city in the TISH report. The seller seems to have i...