Sima Meh
Should I buy a property with mice problem and likely mold in the basement?
I have a ratified contract for a property. Among other things, the inspection showed signs of pest (mice) inside the attic space. (Tunnel holes in insulation and droppings). Also, the insulation in attic was noted as ...
Jared Baker
Seeing Property Before placing an offer?
Hello BP.I have recently began my journey into buying my first property. I have my financing in order and now it is time to start running numbers and making offers. I've heard people say that you shouldn't get emoti...
Sean Salandy
Owner Financing a MLS Listed Property & Realtor Commissions
If I wanted to structure a deal to buy a MLS listed property and it is an owner financed deal, how would the realtor make their commission? Would it come from the down payment that I negotiate with the seller/seller's...
Marc Oister
Funding a foreclosure
I have recently found a foreclosure property and am in the process of getting Proof of funds and my down money together. I have been trying to figure out a way to fund the project without running into any tax proble...
Chris T.
Educating Sellers
Recently, when I've talked to sellers about buying their home I informed them of the variables I use to come up with an offer.
I tell them about the current market conditions in the area and how that relates to holdi...
Carolina Mejia
First deal/BRRRR/Seller Financing?
House in my neighborhood is vacant, I found the contact info online and got a hold of someone. Conversation went as follows:I live in the neighborhood, saw your house and wanted to know what plans you have for it beca...
Blake Varner
When the appraisal is “low”...
I’m a seller looking to test the waters and list at a higher price for my area, because most houses have gone so quickly that no clear “top” has been established.I’m wondering if lenders will usually grant loans when ...
William Newman
****SUBJECT TO***** Should I reveal my plans upfront to the owner?
Good morning BP,
I am interested in buying a 4-unit building in the suburbs of Milwaukee, WI. It is currently FSBO for $210,000.
1st - I think the owner priced the property at least $20,000 over market value. I am e...
Karl Huth
Need opinion on duplex deal
I was approached today by a friend of mine who is looking to sell her duplex. She is done being a landlord and wants to get rid of it. Property is in good shape with no major renovations needed, it is located in Fond ...
Courtney M.
Rental properties with existing tenants
When evaluating a property with existing tenants, what are the questions you need to ask?I've been told by the listing agent these tenants are there month-to-month. Not sure how long, cumulatively, they've been at the...