AJ Wong
Please ask your Realtor and Lender about Seller Concessions
To be fair, I'm posting this as much for investors as I am for other Realtors. Partly because in times like these (or any market really) seller concessions can be an excellent tool for improving buyer conditions, but ...
Kesha Myrick
Why Is This Seller Stalling??!?
Hello all. I've gone through so much turmoil in life . . .including beating cancer 3X . . .so to come to this point as I finally have been granted a 3rd chance at life is frustrating to say the least. My offer was acc...
Susan McBride
Investor Offer to Assume Mortgage - Legit or not?
Hello. I just received an offer from Mono RE LLC / CDK Investment to purchase my home, which is currently on the MLS, at the full listing price. It seems too good to be true and I am currently trying to research th...
Kyle Gregg
203k Loan Officer misrepresentation, need help!
I am chin deep in a 203k and days from closing but my brokerage company has screwed me good. Please continue reading to get the whole picture...Ive been working with a loan officer for months now trying to close on a ...
Derrick Small
Stay away from this hard lender, Flip and Fast Loans, LLC, they will scam you
FYI , Stay away from FLIP AND FAST LOANS LLC. On the initial phone call they will approve you for 100% closing cost & 100% rehab, tell you they need a fully refundable $2,000 commitment fee wired that day and it w...
Jacob Tudor
Lender Dropped the Ball and Cost Us Thousands!
Hey!Up until now, we have bought our homes in cash. I wish we could continue to do so, because bank mortgages aren’t fun!I would really like to see if I could get some guidance from the BP community and figure out if ...
Account Closed
what is the 70% formula? how can i find out the accurate numbers?
what is the breakdown for the 70% formula?how much of a % can i expect purchase closing costs and selling costs?holding costs?hml with holding costs?how come nobody explains the breakdown of the actual 70% rule??the 7...
Robert Steele
Scaring my hard money lender
I found a deal that I wanted to run by everyone here. A deal so scary my hard money lender needs to think twice about financing me. This wouldn't be the first time. Last time I scared the hell out of him with a mold p...
Chan K.
Buying - Multifamily - Rental Transfer
Hi BPer,I am in the process of closing a 6-Unit multifamily. I would like to seek your opinion on the following scenario:The seller won't share any tenant information with me, except the name of each tenant for all 6-...
J Scott
Banks Are Idiots
Here's a fun story...it's long, but I think you'll get a good chuckle:
We have a short sale under contract, and there are two mortgages on the property, both held by Chase Bank. To get the short sale approved, there...