To all within the Birmingham-Metro area.We are looking to be added to reliable company to be added to buyer list.  

All of the costs that you are capitlizing should be added to your home basis.

Thanks, Paul @paul C,Yes, it must be added to basis and depreciated accordingly.

I bought one for $5 and I'll be adding that to my list of things to inspect in the future.

Surely combined, the people who have read this know more than 2 hard money lenders.Come on folks -- give us a hand and help your local hard money lender out by sharing them with us so we can get them all set up in our list -- there is no cost for lenders to be added; we want this list to be complete with everyone to help the investors out here.

Bruce,Good news...I would recommend doing a lease with the option to buy on the home for up to three years, you will get more money for rent and because the tenant/buyer in their mind is buying the home at the end of the term they will take better care of the home and you can ask them to take care of all of the maintenance and repairs which will take you out of the landlord role.Also a home warranty can be purchased form American Home Shield monthly and it can be added to the tenant/buyers payment and they pay the deductible so if the A/C goes out it is covered as well as many other major and minor items in the home.Call me any time.Marv Rousselow

Since the house isn't changing ownership at the register of deeds, all those fees can be added to the price of the property, or some portion thereof.

You can home equity it out or when you sell its there.Monthly principal payments should be added to your ROI or just get interest only loans.

Look at those payments now as what you COULD be paying towards another debt..AND all of those payments as what you COULD be adding back into REI or personal budget, etc.

hello everyonewhen it comes to wholesaling i was always under the impression that there were always three parties involved in a deal (seller, wholesaler, and the rehabber/end buyer)but recently i heard of this wholesaler who helps other wholesalers sell their contracts and etc (i guess because of his huge buyers list). so its like the first wholesaler who has the contract is representing the homeowner, were the second wholesaler is representing the end buyer that he brings to the table.so my question is what kind of contract do both of the wholesalers go into. now i heard the second wholesaler can get paid in two ways: 1- the second wholesaler gets a portion of the first wholesalers assignment fee at closing whatever they negotiate (for bring the buyer) 2- the second wholesaler can actually be added on the closing documents as either another assignment fee or consultant fee, so he can be paid straight from the closing agent and not just from the first wholesalers assignment proceeds.so if anyone knows about this and has the contract that both wholesalers would agree to, can you please provide it to me-------------""also the second wholesaler only gets paid period if one of his buyers buys the subject property, now if the first wholesaler finds his own buyer of once he doesn't have to share that with the second wholesaler""because i know there has to be a contract, because if not once the second wholesaler bought to the table his end buyer and the transaction closes, the first wholesaler could take their assignment fee and run