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First Yellow Letter Critique
Hey BiggerPockets,
Just dropped off my first yellow letter today. I came across this property through a person that I am currently mentoring for. The house is very run-down from the outside (overgrown everything, two...
Manuel A.
Are You Ever Able To Make Listing Price Offers?
It's really just a curiosity of mine as there's a property that I'm going to be making a offer just $5k below asking. Is this unusual? It makes me actually feel uneasy so I'm re-analyzing everything over and over. Per...
Carlos Liriano
Securing a commercial deal
Recently, I came across a motivated seller of a retail/ office space. I attempted to lock the property in contract/agreement. The owner did not want to be in contract, maybe because I disclosed that am I'll be looking...
Jake Drappi
BUYING A PROPERTY WITH A SQUATTER IN PLACE
Hello allI am currently looking at a deal on the MLS that notes in the description that the purchase comes with a squatter in place. I am assuming that because of the eviction moratorium, the owner cannot evict and j...
Sam Abazari
PRE-QUALIFIED VS. PREAPPROVED: WHAT’S THE DIFFERENCE?
A very common question that we get asked as our clients get ready to buy a home, is what is the difference between pre-qualification and pre-approval? Are they the same? Is one better that the other?
The truth is the...
Kenneth Peagler
What Should I Do About These Floors?
So I just acquired another property in an amazing area for a low price with a high value. I'll be turning this into a rental property but I like to have an idea of how to handle a particular issue before I have profe...
Amy Cheng
New to REI - Looking to do first flip/rental in Pittsburgh
Hi BP! My name is Amy and I'm 24 years old. I am new to the world of REI and am super eager to get started after doing a bunch of research, mostly through BP. I currently live in Los Angeles but am looking to do my fi...
Ryan Kruger
Wholesaling analysis paralysis
Investors, I’m struggling with getting my first wholesale deal for a few reasons but the main reason I believe is uncertainty on the legal side of the deal. I have downloaded and read a few purchase agreements for my...
Spencer Gray
Judge: CDC Eviction Moratorium is Unconstitutional
The CDC's moratorium on evictions, instituted by the Trump administration after the CARES Act expired in July, has been ruled unconstitutional. The decision will most likely been appealed but there is a chance the rul...
Scott Welch
BRRRR Property - Tax Question
Hey BP!I am hoping someone might be able to help or point me in the right direction on a tax question. I purchased my first BRRRR property in late October 2020. It needed quite an extensive rehab (~60k) and we will be...