Eric Asatryan
If we decide to back out of escrow, will we lose our EMD?
Hello fellow members, I just accepted a counter offer for a condo purchase earlier today. SMCO terms stated buyer has to pay 10K above appraisal if it comes in lower than offered price (what we are hoping for). BCO wa...
Jose Saldivar
Advise for 1st timer house hacker in Austin
Hello,My wife and I are looking to buy a duplex in Austin this summer with a FHA loan. We got our down payment ready, or credit is looking good, our DTI is solid and we’re excited. We still haven’t found a lender or a...
Michael Susi
Southern Maine Multifamily BRRRR
Investment Info:
Small multi-family (2-4 units) hard money loan investment.
42 Market St is a BRRRR investment. I purchased it with hard money, with about 10% of the acquisition price down and 100% of the re...
Patrick J.
Better.com Terrible Service - Stay Clear of this Company!
For the last 2 months I've been working to buy an investment property. I was about to close on a loan with better.com, and they are now saying they're having a hard time verifying my US residency, causing a potential ...
Tyler Williams
Ill help with your 1031 exchange
I’m upgrading several of my single-family homes now to multi family properties, so if anyone out there needs any tips or help with a 1031 exchange let me know because I’m right in the heat of it and it’s a great tool ...
Derrick Gordon
If there are no comps in within one mile and one year ...
How do you formulate an offer if you can not find anything sold in the area that even remotely matches the description of the home you are trying to purchase. I would hate to pay too much for something and have to do ...
Jeremy Torres-Jimenez
Who insures apartment buildings?
So I was calling geico to get a quote on a property and they don’t insure rental properties bigger than four units. So who does?
Ray Thorsen
Traditional lender for duplexes in Wisconsin
I am shopping around to cash out refi 3 duplexes in Southeast Wisconsin Racine county that are in my name. My current bank is not writing on investments currently. Does anyone have a lender they used recently and woul...
Simon Galvensor
Taxes/Estate optimizing: buy property for family to live in...
Hello,
I'm looking to purchase multiple homes in the US for my parents & siblings to live in for free.
I am curious how to optimally structure this from a tax standpoint.
My parents are US citizens & resid...
Chris Pohlson
Letter explaining low offer for MLS property?
I'm looking for opinions from some BP'ers that have had success purchasing off the MLS at discounted prices. After running numbers on a triplex, I contacted my RE agent to make an offer at about 65% of asking price. ...