Mark Forest
Biding on houses
I bid on a house all cash with no contingencies as the offer requested. I was just told that another bid was accepted that was over $1000 LESS than mine. Maybe I am naive, but I thought houses offered on the MLS go ...
Vilfreda Hoagland
Do you do an inspection if you are rehabbing everything anyway?
Greeting fellow investors, I am doing my first rehab with hard money. In the past I got houses that were move in ready so I did inspections as natural course. I'm under contract and seller is refusing to turn on the...
Sean Senatore
My First Will Be A Hit!!
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Staten Island.
Purchase price: $599,000
Cash invested: $60,000
FHA 3.5% down with a refinance....Personal residence which ...
Bobby Jobs
How to structure a Buy and Hold Appreciation Type Deal
Hello BP,I have a potential deal with a seller that has a 3 BR 1 Bath ranch in Roseville MI. The house is 1050 sq ft, sits on a crawl and has no garage. It was built in 2004 in an area where most houses were built in ...
Dave Godfrey
Selling & Lending to foreign nationals
Hi BP.
I have a client who is selling their house (conventionally, not as a rent-to-own or seller financed). I was approached out the seller doing owner financing (thus becoming a lender) on a house in which the buy...
Thant H.
judgement lien record in PA for sheriff sales
Hello BP,
I am inexperienced in looking at properties' records from county office in Pennsylvania and I have a question about judgement records. When I searched for prothonotary records of a house in default,...
JayCinta Henry
Is a home inspection necessary in this case?
Had a chat with seller a couple of days ago. We went around the property and he told/showed me everything he had done since he intended to stay in the house. The right side of the house has foundation repaired, from f...
Brian Campbell
Help with Structuring Deal
I met with a seller today and I think we're close to making a deal. He owns the property free and clear and wants to avoid paying a lot of capital gains tax. We verbally agreed on 40K--I believe he bought the property...
Gail Aiken
Sale of Inherited Parents House
My brother and I inherited my mothers home in December of 2014 and sold one year later in December 2015. We did not live in the house but it took us a year to clean out the house and basement. We had an appraisal do...
Joshua Lupo
Would you buy a house with Aluminum wiring?
Hi BP!
My fiancé and I are in Albany, NY and made an offer to buy a house and have now found out that it has Aluminum Wiring. Property is currently under contract.
Would this make you run, or would you go ahead (af...