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In researching titles, I have found many owners to have judgments against them. Being new to the game, I try not to risk acquiring a home that is owned by someone with a judgment against them, especially if I'm not...
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Re: $380,000
·$195,000 for acquisition
·$185,000 for repairs
·Seller willing to hold 25% of total in 2nd position
·Buyer puts 1st year of mortgage payments and taxes in esc...
Hey BPr's! My name is Jake, and I am a seasoned construction manager, but a rookie when it comes to buy and hold deals. I have been a project manager on the building side for 12 years, so very familiar with costs, an...
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Hey B.P Family...
I'm currently working on a deal. The seller wants to sell nine condos in Milwaukee, WI, in the Brown Deer Area (nicer side). Each unit for $30,000. All are in good condition and nicely kept. One un...
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Hello BP,I had a deal 'fall in my lap' and although I'm still gathering details, I'll put what little I do know about it here for your review. I'm meeting with the primary investor today to gather more info, however, ...
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I'm a licensed New Jersey agent, who was born and raised in Philadelphia. I am interested in wholesaling in the Philly market. I've watched the recent trend in Fishtown and past trends in Manayunk and Northern Liberti...
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Recently I have been hearing rumblings from other Phoenix area investors, that are pulling permits to add sqft or tearing down old properties and build new, about a Speculative Builder Sales Tax in many metro-Phoenix ...
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Terms in CRE lending that everyone should know...Adjustable Rate Mortgage: Mortgage where the interest rate adjusts periodically up or down through a set index. Also called a floating rate mortgage.Adjusted Gross Inco...
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I am looking to purchase an investment property from another investor strictly for the rate. I will make him whole, and I will take the house subto. He currently owns the house in an LLC. If I have him put the insu...
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I'm very interested in renting out my current primary residence and moving to a different city but the mortgage I have on the property is higher than most of the monthly rents for similar properties in this market. An...