All Forum Posts by: Amir B.

Hello BP Community,

I made an offer on a duplex and it was countered. I want to know what is a better deal for me.

http://www.realtor.com/realestateandhomes-detail/2...

I made an offer for asking and closing cost covered by the seller.

They countered the offer saying no closing cost and pay asking price. Or pay $300,000 and they cover closing cost. 

Please ask any questions.

Thank you.

Hi BP Community,

I am interested in investing out of state using the Turnkey method. I am looking for positive cash flow. I am a newbie and I think this would be the easiest way to invest out of state.

What do you guys think? Pro's and cons. 

Thank you. 

Hello BP Community,

I was wondering what successful investors think of investing out of state using Turnkey for newbies?

My goal is positive cash flow for profit. My area is out of my price range. 

Please advise. 

Hello BP Community,

As we know in this market the MLS is very competitive to find "deals". At least for me.

I was wondering if anyone has any suggestions to go around the MLS? I am interested in MFH's.

I have a friend who suggested looking at foreclosure websites. Has anyone had any success?

http://www.realtytrac.com/mapsearch/pre-foreclosur...

Thank you. 

 Safe as in providing bank statements with account numbers. 

 I will do that. I was contacted a broker earlier in the day. 

Is it safe to use brokers to shop for a rate?

Thanks

 Hi Jassem,

Thanks for replying. I will try my CU first. I thought they are stricter and harder to get a better rate. 

Hello BP Community,

I got a MFH loan for $400,000 with my personal bank (Wells Fargo) back in June. It doesn't expire until October. The interest rate is 3.625%. WF has high lender fees and the interest rate could be better.

My question is should I shop around with smaller banks? I believe when one bank runs a hard inquiry, its OK to have others run it within 90 days and not affect my credit? 

I have been using bankrate.com to look at other options. However, when I inquiry the loan officer doesn't return my calls or emails. 

Please advise.

Thank you. 

 Hi Jay,

That's where it becomes tricky in my area. Here is property:

http://www.realtor.com/realestateandhomes-detail/6...

I will be using a FHA loan at 3.5% down payment. My monthly would be $4900 including homeowners insurance. This does not include the water, sewer, and trash expenses. The current rents come out to $3900. Not sure what you think?

Thank you.