Nelline H.
Memorandum on my property
Can someone please give me some advice before I spends thousands on an attorney. I signed a purchase agreement with a seller thinking he was the end buyer, turns out he is a wholesaler and went past our closing date ...
Johnathan Boyle
Wholesale contracts NJ
Hey BP,
As I learn more and more about this business, I realize the amount of knowledge is endless. Does anyone have a purchase to sale agreement (with the option to get out in case I can't find funding), an assignm...
Scott Shafer
Tri-plex Wholesale Flip & California specific Contract
I am currently talking with a seller and preparing to make an offer on a tri-plex. I need making sure my offer is on track to wholesale the property and I do not have a contract to work with the seller directly. Does ...
Ray Keziah
Long Distance Deal
I found a motivated seller in another state willing to sell her house for what is owed because her husband had to relocate for a job a year ago, and she stayed behind to sell the house. I would like to get an option c...
Michael L Hardy
Market Analysis (Wholesaling)
Good afternoon. I hope that this isn't a "stupid" question, but I'm going to ask it any. I'm in a situation where I have a potential wholesale deal at a great price, but the middle person is a real estate agent. She i...
Joseph Duenas
Owner Financing Question
Hello. I am purchasing a house for $210,000. I got the owner to agree to owner finance this to me. I will pay $25,000 down, and his mortgage payment of $1900 per month. There is a balloon due in 18 months. My plan is...
Chris Martin
Fannie Mae - "We expect to remain profitable for the foreseeable future"
As I'm sure everyone knows, Fannie Mae's Quarterly SEC filing came out yesterday. On page 10:
One of our objectives is to pay taxpayers for their investment in our company. Through June 30, 2013, we have rece...
Erik B.
Inheriting Tenants No Lease - How To Protect Myself
So I am closing on a triplex this Friday. I would occupy one unit and inheriting two tenants. Per our purchase agreement with seller, there are no written leases, both month-to-month, and no security deposits.What hap...
Jacobus Rex
Cancel an Assignment Contract
Hi, Can someone indicate the proper wording to have an assignment contract revoked? I assigned a contract to a relative who wanted to buy a house on which I signed a purchase agreement. But unfortunately, he has disc...
Jared Sveen
Cash Flowing duplex in Lincoln, NE
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $210,000
Cash invested: $21,000
Seller financed duplex in great area of Lincoln, NE.
What made yo...