I don't know if USAA will do it, but I've had $10,000 escrowed at closing and not released until I made the repairs and had it inspected.

If they ask why just explain that you are essentially extending credit to them in that they are receiving a benefit in exchange for a payment just like a bank would do on a loan so you are protecting that interest by qualifying their "borrowing ability".

The person who plans to release "dirt" on the company will just get sued for slander.

Should I extend the offer?

Once the property is open to investor bids, "extended" I find that homes in desirable neighborhoods sell at about 81% of MLS list.   

@Lance WoolvertonWelcome to BP nation.You've come to the right place for REI education and networking.There's a tremendous amount of opportunity here if you will take the time to learn and then put that knowledge to good use.The biggest asset you have going for you is your age and willingness to start now.Take advantage of that situation by learning what values are in your market and being able to confidently identify a good deals.You should know your market backwards and forwards before risking your money.You should explore if you are cut out to be a landlord.It's not for everyone.You need a certain personality to be successful at that strategy.As far as utilizing your home equity to assist in doing deals.You may have about $40K in equity if I understood your situation correctly.That's a start but you need to have other debt paid down and cash reserves for rentals.Bankers like to see your capacity and ability to pay down debt to extend credit.In short educate yourself and gauge your spouses willingness to support and possibly assist you in this endeavor.It's a lot easier if the spouse is on board.I'm in Owensboro,if you want to meet up sometime let me know.Ohio Valley Real Estate Investors meetup is in Newburgh IN the second Tuesday of the month at Turoni's Pizza, if interested.Good luck

Any thoughts about Brian Chesky "2022 winter release"?

Listen when the episode is released in December to see if our community knows their stuff!

., the 2021 bills were released online yesterday and will be mailing in the coming weeks.

Question to the group my partner and I owe several houses in a portfolio and wanting to sell them in a perfect world it would be nice to sell all at the same time not probably not going to happen, we have a offer on one of the houses and a almost double then it appraised for in turn the Bank told us we would apply to balance of principal were OK with that but now the Bank said they want us to put  additional money down over the sale price or they will not release the property since it effects the cash flow, does this sound right, we also almost had two sold and hey told us we would have to put the total sale price on principal and pay realtor fees out of our pocket.