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11 December 2024 | 4 replies
There's no way to guarantee things won't break, there are only ways to protect yourself financially so you can replace those items.
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15 December 2024 | 7 replies
In either case, the wholesaler usually doesn't need to provide their own funds to complete the deal unless they are doing a double closing and need private financing for that purpose.The title company plays a key role in ensuring that the funds are processed correctly and that the transaction is legally and financially finalized, including disbursing funds to the seller and paying any fees owed to the wholesaler, private lender, or other parties involved.Contract with Seller: The wholesaler secures a property under contract, usually with a small earnest money deposit.Find Buyer: The wholesaler finds a buyer (investor) and assigns the contract, earning an assignment fee (difference in price).Closing: The buyer wires funds, the wholesaler receives the assignment fee, and the title company handles the transaction.Costs:Earnest Money: Small deposit.Marketing: Costs to find deals.Funding (if needed): For double closings.Profit: The wholesaler earns the assignment fee.prioritize transparency and value.
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8 December 2024 | 8 replies
I've always gotten a signed "authorization to release loan info" from the owner on record.
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12 December 2024 | 6 replies
They can limit what property owners can do, including house hacking.Even if the city has no restrictions, if legally binding and properly recorded, covenants can enforce rules that supersede local ordinances for those living within the neighborhood.
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10 December 2024 | 36 replies
(Finance of America, Civic Financial, a few other players) They raised rates on there 30Y product about two weeks ago.
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11 December 2024 | 6 replies
Recommendations for you would be to keep super meticulous records of all the costs you’re putting into the property, so your tax pro can make sure you’re capturing everything 1) correctly and 2) in the most tax advantaged way.
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10 December 2024 | 0 replies
Heidi Pagano at C2 Financial is amazing to work with, patient and knowledgeable on all types of loans.
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7 December 2024 | 6 replies
Did you pay an auction premium like Auction.com or is the number you bid the final number plus recording fees?
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9 December 2024 | 2 replies
.✅ Investors - Keep detailed records of ALL rental property expenses to reduce your taxable income - helping your CPA spot additional tax saving opportunities.Imperative to use a CPA who is well versed in Real Estate tax code.My CPA is just that - DM me to get his contact information....
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27 December 2024 | 66 replies
MiThank you,You need to understand Miami is one of the most sought after city by investor, OO and financier of the world hence the price is skyrocketing.If I were you I would not buy one duplex but three LOL