Unless there is a mental issue with the 18 year old, I would think they can now execute legal contracts as an adult.

Execute repairs quickly to your property, wrap up the claim to get money from their insurnce and move on.

I found the deal, how to I get all the ducks in a row to execute this deal?

Hi Forum,I have a complicated tax situation and am looking for general guidance or a referral to a real estate accountant in California who can help answer.Facts:The property is a California residence appraised at $3M owned by the trusts of two now deceased great-grandparents, with execution of estate succession in progress.

For my acquisition: I am planning to counter w/ - No money down- take over the note -pay the seller $2000 a month with the intent to refinance in 6 months ($12,000)      - I will handle the rehab costs for the vacant unit (which is about $20,000) and lease all vacant units - Once the refinance has been executed I would pay the rest of the balance of $295,000 the seller wants. ($283,000)If I were to put it under contract I would offer the following: - buyer will pay off the balance of the note ($295,000)- Seller will receive $275,000 in cash because buyer will cover the rehab cost to receive the Gross Potential Monthly Income- Seller will split the closing cost 50/50 with the buyerI would love to hear some input from the BP community.

@Shanae Williams have a game plan for your rehab timeline and exit strategy and follow it strictly.A lot of people buy their first house as an "eventual investment property," get comfortable, end up staying there for years and never make it a rental property like they initially intended.Great idea if executed properly.

It also allows you to lock  in a price and if he takes a while to find his replacement you are the benefactor of all the appreciation to the building after you execute the contract.

Hi all, considering opening a SD-IRA with an old 401k account.We'd like to use the SD-IRA funds for the down-payment to purchase a multifamily apartment building.Come someone chime in on whether or not we will be allowed to execute a cashout refinance in the future in order to extract our initial investment funds, pay back the SD-IRA and then repeat the strategy?

The FHA rule reads that the sales agreement may executed until 90 days after the recording of the deed. 

Something I’ve thought about for some time, but without action...you know....I’ve been studying and researching for a little over a year now, but making connections is my growth area so that I can form a good community to learn and work with.Whats the best thread/article you’ve come across on:- finding the first deal/learning with others executing a deal- creating a successful team (contractors, inspectors, real estate lawyers, etc.)- analyzing deals (preferably comparing 2 or more deals)There are so many threads here, so maybe this can help me get to some specific links or info a bit faster.