I would very much like to hear from BPers who have had lengthy, crazy contracting (by this I mean putting it under contract, nor rehabbing lol) and closing proceses on their properties.I'm currently "in the middle" of...

Hi everyone,
I'm looking for a layman's explanation of how a 1031 exchange works. I did some searching in threads and many of the explanations are pretty complicated. Can someone post a simple step by step guide to t...

After talking to a few banks, I've potentially found one that will do a 30k, 30 year mortgage for an investment property. But, they charge $325 non-refundable loan application fee. Is this normal/standard?

Thanks in advance I am new to bigger pockest and I am in the process of purchasing a Short sale home from B ( I think that is what the term is) A has moved out. We are supposed to close on june 10 but B has yet to get...

Hi everyone! Brand new to BP. We are in contract on a property that has 2 houses: a 3 bed 1 bath "main house" next to a 1 bed 1 bath "apartment" which both have existing tenants. We close on July 1 and have sent...

I successfully wholesaled two HUD properties at the end of last year with no problem whatsoever. I'm onto my third one and apparently the listing agent has seen my bandit signs and is giving my realtor a hard time ab...

I'm interested to hear others talk about where they like to land their numbers for fix and flip projects. Some guys will only look at the deal if it has $50k of room after fix up, some guys are happy making $10-15k p...

Hi everyone, I am about to create my first (Florida) LLC.  My first investment property will be a SFR and loan will be on my name only (income reason).  I was told by one lender that the property has to close on my na...

Hello, we were suppose to close today at 3pm and at 2:45pm we get a email from the mortgage broker saying that since this is a flip transaction and I have not owned the house for over 12 months they want to do a secon...

So I have a solid deal available fully renovated property, seller willing to take close to 20k less than what it appraised at which would mean instant equity. Here is the issue I am unable to get a traditional loan as...