All Forum Posts by: Courtney S

Thanks Jon!

As a wholesaler..when income tax season comes do I have to file income tax for any of the properties I wholesaled?...

If yes or no..what else am I required to report on income tax?

Thank in advance!

Thanks! I'll check it out

You know, the usual "We buy Houses CASH" sort of thing..But I would also place on it "We are not real estate agents"..I think I can advertise if I am a Real Estate Investor and not a licensed RE Agent.

I know this maybe a duh question ..but I want to know if I advertise my business in Magazine, Newspapers, and stuff that comes through the mail...

Thats NOT illegal, right?..If I am not a licensed realtor?

Okay, I have heard of "Short Sales" and what it is and some of the paperwork that is involved in doing one.

But my question is..If I do a short sale would I have to show proof of funds? and if the bank accepts my offer wouldn't I have to pay right then and there?

I dont know would someone be so kind as to give me steps in doing a short sale and how long would it take to close on one?

Thank you in advance

I just want to know to based on the comps and repairs plus im looking to make a profit of $10k...

Would $80k be a reasonable offer?

Okay the 2 comps are two different properties..I usually use the county website that shows recent sales or zillow.com or cyberhomes.com....

Either way he's either goin to accept my offer or not...

Ur saying that I should offer $105k or are u talking about the comp prices I gave u?..The owner did mention he knows he might now receive what he initially paid for it which was $94k

I estimate repairs to be about $20k-$25k