We have closed, but in escrow pending the completion of the closing of the other file."

2nd year: 70/30 split with same $18,000 cap.Office fee, I believe is about $50 a month.You can then also join a team within the Brokerage if you want, which you would then have another split, but your cap drops even lower, and obviously you're getting more support/leads.I'm going the solo route for now... 3 months in and I have 1 deal closed, 4 pending, a few other contracts.

BP Business and other RE Podcasts (Pending). 

Also, what are some tips you’d recommend for someone new as a way to check the property and make sure that everything that’s listed about it is accurate and that there aren’t any partial, or pending payments on the property before one decides to invest?

My agent says that might be an issue since its still listed as "pending" on the MLS.

I also plan on repaying it back in a few months when my pending real estate sales close and my commissions checks roll in to offset that loan.

However, it may not count towards your second material participation test for any more traditional rentals and get to 'work around' the passive activity loss rules - Short Term Rentals can be classified circumstance pending as "ordinary" type income, thus falls in a different bucket. 

Hello BP!I am working on getting a property under contract that I plan to wholesale. I have finance and some real estate investing experience, but no construction or GC experience.In the process, I met a General Contr...

I do not think Im eligible for a 203k loan since my current house has a VA loan and I could not put a contingent offer on the house pending sale of my house.

Is this price good pending written estimate.