All Forum Posts by: John Baptiste

Hi does anyone have a CPA you can recommend in the Arlington, TX area? I acquired 2 SFR in 2016. Thanks in advance.

Jacques

We are definitely using a title company, my own research shows back taxes. But the wholesaler sent me a contract with 3 different assignment fees on it, red flag. So that is why we initially thought about getting an attorney to review the assignment contract.

Greetings everyone,

My partner and I have an offer that was accepted in Philly and put down a $1,500 deposit. Being that this is our first deal, which is being purchased from a wholesaler, we want to know if we need to retain an attorney for the transaction. We are paying cash and the wholesaler is of course getting his fee upon closing. Having worked in the mortgage business in CT I have personally closed loans without the need of counsel but not sure if we need to pay a $1k retainer. Not really sure what the attorney would be doing versus the title company. 

The seller has already sent over an assignment contract with several errors which makes us want to either use our own contract or just pay to have the sellers contract reviewed.

Any and all advice is appreciated. 

Very well done. 

@Account Closed Yes, will make offer thru my realtor. Did not think about the title search. Thanks

@Walt Payne The inspection is more of a comfort thing for me since this would be my first deal. I would imagine as I become seasoned I will be able to estimate my rehab and also be able to determine without an inspection whether to make an offer or not.

Found an REO that I would like to make an offer on. My question is do I get an inspection prior to making the offer or submit the offer then get inspected only if accepted. Thanks guys for your advice in advance.

@Dmitriy Fomichenko thanks for the info, much appreciated. Will continue my self education.

Hello everyone I am new to the site and to real estate investing and wanted an opinion on whether to go with the SDIRA or the SD401k? I understand a ROTH cannot be rolled into the 401k though. Finally, I'm researching Broad Financial (they will let me place $ in local bank) anyone familiar with them?

All feedback welcome and appreciated. Thanks