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Results (4,415+)
Bobby Masih wholesaling property with backtaxes
25 November 2020 | 2 replies
have a property where seller wants 15k but owes 10k in backtaxes... instead of writing the option agreement for 25k (house is worth probably 20-25k), i offered him his full 15k to be conveyed as quit claim deed in hopes it would be more attractive to my buyers and they would assume the liability for the backtaxes and figure it out themselves. would an end buyer like this route more rather than pay full 25k for the taxes to be paid off at closing. 
Bobby Masih wholesaling property with backtaxes
22 November 2020 | 11 replies
have a property where seller wants 15k but owes 10k in backtaxes... instead of writing the option agreement for 25k (house is worth probably 20-25k), i offered him his full 15k to be conveyed as quit claim deed in hopes it would be more attractive to my buyers and they would assume the liability for the backtaxes and figure it out themselves. would an end buyer like this route more rather than pay full 25k for the taxes to be paid off at closing. 
Tyler Weiss Seller wants to change title companies before closing??
25 November 2020 | 6 replies
In 2017 his mother listed just 2 siblings on it without canceling the first one.I can't tell if title is inherited either w/o a will (intestacy) or with a will (testate) or if there is a deed with five grantees, mom and four children, which was then conveyed to mom and two children and if so was title held as joint tenants with rights of survivorship or tenants in common.It's quite possible the title company is requiring the other children to sign a deed to convey any interest they may or may not have and want to deal directly with them rather than relying on the child you dealing with to obtain the deeds to reduce the possibility of receiving forged deeds.I'd probably talk with the closer whose handling the transaction at the title company and make sure I understand the problem.
Phillip Waltho Agreement Between Brokers Question
3 December 2020 | 1 reply
"Sell" means to agree to sell, convey, or transfer a legal or equitable interest by written or oral agreement or option."
Davi A. Interesting Subject to deal need advice!
7 December 2020 | 2 replies
We agreed to record a memorandum of the sale in the town clerk's office, which would prohibit the seller from conveying the property to a third party and I'd make payments directly to the lender for the remainder of the loan.
Sterling Wyatt Is debt the new asset?
19 December 2020 | 40 replies
Words are meant to convey ideas, and when someone plays fast and loose with words and makes up flashy statements that twist reality to put more money in their pocket....we call those kinds of people con artists. 
Lee Bailey Can i close on a quitclaim if there is no title policy ?
9 December 2020 | 10 replies
Seller obtain the property by quit claim deed from original owner but title cannot find any deed or other conveyance into original seller.
Raj Kaushal Buying without seeing it- has anyone done it?
16 December 2020 | 44 replies
There was a probate as the owner had passed away and their family was selling it which I was a bit hesitant about but luckily my realtor reassured me that if the sale didnt convey after 3 months he would help reimburse me interest on the loan carrying costs.I bought it Jan 2018 and ended up selling it this past October for 262K so made a decent return and the property was cashflowing as well so a nice success story.I would be cautious if I was unfamiliar with the area and doing long distance investing unless I have a realtor there I trust
Jackson Clement BRRR- just getting started.
14 December 2020 | 4 replies
This is why many investors refer to what I just described as 'infinite return', and is one of, if not the most appealing components of the BRRRR strategy.The example I gave is of course simplified, but I hope it adequately conveyed the concept.With regards to what the initial financing would look like, rehab lenders will typically finance a portion of the acquisition and then 100% of the construction on a 'reimbursement basis'.
Prithvi Sri What's your experience of holding STNL for over a decade?
18 December 2020 | 9 replies
I was conveying that value in the middle of country for net lease assets are almost exclusively a function of lease term and tenant aside from fantastic real estate in a few key metro areas.