Timothy Franklin
Clarifying the wholesale transaction
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.
Frank Del Corso
Sheriff Sale question
13 December 2024 | 6 replies
Secured creditors in order to take the property are to put in a motion to lift the stay.
Michael Perry
Freddie Mac Homes Questions
11 December 2024 | 4 replies
We had to wait out the First Look period, but once that passed, we secured the property below market value.
Vicky H.
Silicon valley struggle is real 😂 Buy primary or continue to rent?
12 December 2024 | 9 replies
If you think you might get kicked out then housing security might be worth upping the payment.Â
Andrew McManamon
Investing in Bitcoins
9 December 2024 | 98 replies
There is a lot of misconceptions still, about what it is, how it is mined and how it could penetrate daily lives even more than the internet did and does. 100k is the low end...Mcafee ( the security software guy) is a coin miner and says that he bets bitcoin hits 1 million by 2020 or he will eat his own private parts.
Sam Chainani
Buying defaulted mortgage notes directly from banks
17 December 2024 | 42 replies
They made the bank think that Joe wouldhave to do the collections and secure the collateral.
Natalia Perlova
Tenant claims there is no heat, and it's Christmas
31 December 2024 | 57 replies
You should secure that switch (or that area), so you can control who accesses it.Â
Michael Anderson
Do we need to update existing leaseto an LLC if we move rental property to an LLC?
1 December 2024 | 9 replies
Effective December 1, 2024, ownership of the property has been transferred from Michael Anderson to Electric Sage Brush, a limited liability company.All terms and conditions of this lease agreement remain in full effect, and all payments, notices, and correspondence should henceforth be directed to Electric Sage Brush LLC at the following address:2001 Space Odyssey Dr, Cody, WY 82414This change in ownership does not affect the tenant’s rights or obligations under the lease agreement.All parties sign to confirm the change.
Jay Sheth
Anybody worked with zeker management
11 December 2024 | 37 replies
IMO I do not believe they properly screened my tenant, just placed a tenant so they wouldn't have to cover the mortgage until a proper tenant was secured.
Zachary Sakena
How to structure first rental in NJ: Should I use an LLC? Land Trust?
11 December 2024 | 13 replies
The vast majority of lawsuits against landlords involve wrongful eviction, security deposit disputes, and Fair Housing Violations.