All Forum Posts by: Josh Corby

What is the strategy investors/landlords use to calculate property tax. Do y'all just look at the zillow tax assessment and use their estimate calculator? Also, I will be investing in Florida so any FL investors care to tell me how much they pay on average in property taxes annually on their rentals...?

Thank you.

@Brenden Mitchum Thank you, this was definitely helpful. One quick question on another topic. Do you have any experience with creative finance, such as sub to and seller finance? Or do you just buy rentals the conventional way? 

Do you guys actually pay for a home inspection and get contractor bids during your inspection contingency window? Or do you just look for a buyer and let them do all the due diligence? 

@Yoann Dorat Great. So just to make sure, as the wholesaler, all I need to do is sign the Purchase agreement and then assign the contract. Basically the same process as an all cash deal?

Who pays the property taxes on seller financing? Seller or Buyer? Wouldn't it be whoever owns the deed?

Does the wholesaler have anything to do with the promissory note and mortgage with the seller? Or do they just assign the contract and let the end buyer sign the Promissory note and Mortgage with the seller? My conception is that these notes need to be drawn up at the same time as the Purchase agreement.... Thank you for the help.

@Nicholas L. 

Makes a lot more sense now. Thank you! I guess my next question would be, how do you get those funds for 22k? Are you out of pocket mopping up the costs or is there another strategy? 

Hey guys, my head is spinning trying to understand this whole concept. I would really appreciate it if someone could give me a hypothetical deal example running all the numbers involved with refinancing an HML/PML loan into a conventional bank loan and how I would end up profiting. Thank you so much!

How would I actually go about making the mortgage payment on behalf of the seller? I know that the mortgage stays in the seller's name so would I need the seller's bank account login or is there another way? Thank you.