Mattaniah Yip
Underwriter denied me for potential owner occupancy fraud
Hey guys! My husband and I currently own an owner occupied duplex in Los Angeles. We found another duplex .6 miles away we planned move into and finance via FHA. We were in escrow for about 20 days and everything se...
Colin M.
Evaluate my deal and tell me what you think?
Hi there
I'd like to ask BP to run their numbers on a potential deal Im looking at and give me your thoughts on to buy or pass.
New
construction duplex (x2 3bed/2bath), Asking price $315,000), market
rents are ...
Ruhi Reimer
Truck Parking/Semi-Trailer Parking
Hi BP! My first post. I love this site. What a fantastic community and source of knowledge! I am an investor/entrepreneur looking to do something in a commercial property niche I can't find many resources about: tr...
Daniel Lipetzky
Input on first deal! Subject to -> 'rent to own'
So we are meeting with a potential seller on Tuesday for a house which we're hoping to get under contract subject to the mortgage. Just looking for some input on our evaluation of it to make sure we aren't missing so...
Carlos O.
Finding it difficult to get home insurance estimates
Hello everyone,I just wanted to share some of the difficulties I am encountering in obtaining home insurance estimates. I've e-mailed about 10 different insurance agents last Sunday and only 1 got back to me. She prom...
Chris Seveney
Getting A Deed In Lieu at closing to store away
There are gurus out there who will tell you when seller financing to have the borrower sign a deed in lieu at closing so if they stop paying you can just record the deed in lieu. Every attorney I have ever talked to h...
Stephen E.
Condo Conundrum
So it is winter and I have been searching for bargain priced condos to add to my rental portfolio. Unfortunately there is a severe shortage of townhouses, which seem to be the best kind of rental unit here, in contras...
Amer Swid
Advice plz about inspection report "knob and tube"
Hello,
So, the inspection report came back with multiple hazardous flags that needs to be addressed , but the most one that it is expensive (25k cost) is the" knob and tube issues "of the electrical stuff. Its old ho...
Stacy Hannaford
HUBZU-Title Issues
We are in the process of closing on an investment property that was offered on the Hubzu website. After much frustration with their bidding process we finally went under contract with an all cash offer. We chose a loc...
Malik R.
VA Owned REO contract and foreclosure issues
We made an offer with $2K earnest money using the regular real estate offer forms on a REO property in California that is owned by VA. The offer was accepted but we were told VA does not accept the regular forms and h...