Justin Howe
How to Structure and Propose Lease Option to Seller
Hello BP,I found a seller who wants to sell her home because she's having a difficult time maintaining the property by herself and making the mortgage payment. She's owned the house for 10+ years and has equity. When ...
James Palassis
Can 1031 be used to paid down loan on your identified property?
I am under contract to purchase a property (closing set 8/4/21). Through a stroke of luck, I have a cash offer on one of my rentals (it's vacant due to a tenant turnover). I'd love to be able 1031 my sale and use the ...
Stacey Wells
How to Handle Earnest Money Deposit (EMD) When You Don’t Have Immediate Funds
Hey everyone,I’ve noticed that a lot of investors, especially those starting out, often face challenges when it comes to the earnest money deposit (EMD) required for property deals. It's one of those necessary steps t...
Eddie Werner
Tenants with no lease???
Hello fellow BPers,
I am looking at a triplex and duplex in the Pittsburgh area. During my due diligence of property evaluation I ask for copies of current leases and to my surprise (maybe not so much a surp...
Parker Shoaf
How do I go about structuring a deal with a partner?
I have several options where people want to partner with me on a Flip. I don't know where to start as far as how do I actually structure what is fair for both and then once we know how to structure...how do I set it ...
Peter Philando
How to structure partnership/JV with two possible investors
Here is the deal:My neighbor and I formed a partnership (LLC) a few months ago to buy, rehab and flip houses. We have $40K in the business account but in the South Florida market does not make us very competitive for ...
Jose Duran
Soon to be FIrst time homeowner in Bakersfield, CA
Hello,
My name is Jose Duran. I am a young professional in the healthcare field with 0 experience in real estate. I am also a USNR veteran and am putting the VA loan to good use. I'm currently in escrow. Once...
Richard Adam Howard
How to wholesale as an Agent?
I have a question for agents that wholesale properties. I got into real estate as a wholesaler a few years back and just recently got my license in Texas this past summer. My question is how does wholesaling work when...
Ross Stegall
Active / Passive Partnership Contract
Hi all,
I’m looking at investing with a partner and I had a few questions I was hoping the BP community could help me answer. So, here’s the details:
My partner will be the passive/ equity investor and will be contr...
Allende Hernandez
Short rental for buyer before closing
Hello guys,I am selling this property and closing should happen sometime at the beginning of July. Mu buyer closes on the sale of his a few days before and asked if I would rent him the house until closing (just a few...