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Quick question when buying a home if the seller agrees to pay closing cost ($10k) and fix some major issues plumbing, termite etc ($5k) is he doing the buyer a favor? I disagree with a friend and I'm just curious as t...
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Hello all!
I am a new investor and also new to Bigger Pockets. Looking to get a Heloc on my primary resident for investment purposes. Looking through other threads but most on Helocs are dated. Here are the details:
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Hello All!I making this post to lean on some of you that are more experienced here on BP in regards to any Home Buyer Assistance Programs/Credits that you may have used when purchasing an investment. Their is currentl...
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Hello I am wanting to purchase 3-4 duplexes that are priced between 30-40k each and was wondering if I could get a mortgage for all of them instead of one mortgage for each property? With these properties being so low...
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Dear short sale experts - need help with building a counter offer on a short sale with pnc bank: 1. We are in contract with owners for $158K2. Pnc bank reviewed short sale and did not specifically counter but said a) ...
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All,This will be my first commercial project (5 units; all residential). I am debating purchasing this via a 15YR HEL (Home Equity Loan) @ 5.49% and refinancing within next 14 months (sooner would be better so as to g...
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My wife and I are looking at buying a condo in a new development. With options the price was around 240k. Options alone were about 30k of this. I know for a fact that the options from the builder are highly inflated. ...
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I am currently in my own home but I saw a great deal on a hud home and I am not attached to the one I'm in now. HUD has excepted my offer and I have a prequalify letter for a new mortgage but now I'm beginning to hear...
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Ok, so I'm a bit confused on the rule of thumb is for analyzing a flip. Is it 70%-75% of ARV minus repairs? I've come across a property that is preforeclosure at 255k. (Listed)
ARV is ~ 315k
Repairs ~ 40k
That leave...
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I’ve been out of real estate for nearly a decade and I’m working toward getting a rehab project together. I came up under Ron LeGrand back in 2006-2008 and the target profit on a rehab that I remember learning was 20%...