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We have talked with Chicago Title's senior escrow professional, and they told us it is not possible to structure a contract using "and/or assigns" with a simultaneous close in the state of Washington. Or, more importa...
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I’m buying a house in a couple of days and there is a renter in it that hasn’t paid their rent for the last month according to the seller. The renter went on a month-to-month lease over a year ago. Should I get the ...
Hello everyone. Let me start by excusing myself if I make and grammatical errors, but I am typing fast because I am a little POA.Okay, so today I was supposed to close on my first wholesale deal. Got the property unde...
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What is the tax treatment for the different income streams from Lease Options? Is the Option fee self employment income (business income) when rec'd by a "future potential buyer"? Can the monthly income be "rental i...
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We are looking to build a portfolio but don't quite have the resources to pay cash and/or finance another property this close to our last deal. Is seller financing a good idea to pick up a foreclosure in a location w...
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I am a new property manager. I want to require my renter to purchase renters insurance and add it as a condition of the lease with any damages to the property to be made payable to the home owner if the tenant is res...
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Hey BP family, I recently purchased a property in Brooklyn New York. My neighbor recently brought it to my attention that my building is encroaching on his driveway by 6-12 feet. When I was in the process of purchasin...
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Hello everyone!
First post from an aspiring Wholesaler who hopes to network with some more experienced Real Estate Investors who preferably specialize in Wholesaling - but I will take any advice/mentoring I can rece...
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Hi Friends, I am purchasing my first Multi-family quadplex built in 1984 with a partner. We have 10 days for due diligence period. I am reaching out to you to help me figure out what are the key things to look out for...
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I was wondering what I would have to do (as a buyer) as the intermediate step/steps between getting a seller to agree to do subject-to financing, and me actually owning the house? I assume there is some sort of contra...