What is a bridge loan and when would you need one?
Is the garage included in the house size calculation?
I've heard of the 100-10-1 rule, where you look at 100 properties, make offers on 10, and purchase 1 property. Is this a realistic view or are your experiences different?
Where do you look for new properties to invest? Do you use newspapers, classifieds, real estate agents, ads, etc.
Should I be present for the property/home inspection? Can I just rely on the report? And if so (or not), why?
Obviously everyone should get an home inspection, but what I can personally look for as an investor when walking through a property I might be interested in purchasing? What are the biggest warning signs I should look for that will make me want to run? And what are positive signs that this is a good property?
What is a double closing?
I've heard some people say that it's good to incorporate yourself before you invest in real estate properties while others say there's no real benefit to it, at least not until you've got a few properties under your belt.
My question is, should I incorporate before I buy my first real estate investment property? And if not, when should I incorporate?
I plan on filing bankruptcy in the next couple of months and I was wondering is it better to just incorporate my name so that I can buy property faster. I know it takes 2 years if not. I also plan on building a real estate portfolio, so I figured I'd incorporate myself and start buying property again that way. How long does it take to build credit to buy property if incorporated and what should I do to build credit up as a corporation? Also, is LLC best for what I'm trying to do? Thanks! I appreciate any advice given.
My Husband and I just put in a bid for a short sale. Originally the house was listed at 45000. a week ago they dropped the price to 35000. Our bid is for 37000 put in on Saturday. It has minimal POS violations. Now we found out this house is not a foreclosure so i am confused as to why it is being sold as a short sale. The owner died 6 months ago and the sister is POA seller. However it is being presented to us as a short sale being owned by bank of America. Our Agent turned in our bid to the sellers agent saturday, Now it is Tuesday and we found out the sellers agent hasn't opened our packet with the offer because she is now getting more viewings. She is holding out to get more bids for the house. How long can she hold onto the bid without responding? Does this sound like red flags to anyone else? why is it a short sale if it wasn't a foreclosure? Is there anything we can do to heighten our chances? It already took lots of homework to find a lender for that small of a mortgage. Can we put in a higher bid with them not even seeing the original bid? is that smart in the first place? I feel like the seller's agent is not playing fair with our emotions or our future for a home.