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5 March 2019 | 10 replies
In response, the buyer can continue to negotiate, accept the seller’s position, or in some cases, end the transaction and recoup their earnest money.The buyer functionally removes or waives the inspection contingency by agreeing to a signed inspection response with the seller, or by failing to make an inspection response request to the seller before the number of days indicated in the contract has passed.Part 2: The mortgage processor those borrowing to purchase their home, the mortgage process is usually the the most stressful and opaque part of the transaction.
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19 March 2019 | 8 replies
@Sean HarrisonIf you're self-employed, you might be eligible for a Solo 401k, which offers many benefits over a self-directed IRA: Compared to an IRA, Solo 401k contribution limits are roughly ten times higher.There is no custodial requirement for the 401k.You don't need the additional expense and administration of an LLC to have checkbook control.There is a built in-Roth component whereas IRAs are either traditional or Roth, not both.A spouse can also participate in the same Solo 401k plan.The Solo 401k has additional tax benefits over an IRA when investing into real estate using leverage.The penalties for prohibited transactions are less severe, though it's best not to utilize this benefit :)I'd recommend you reach out to a few providers who regularly post here on BP to get a better understanding of your options.
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3 March 2019 | 0 replies
Do I need to have an extra LLC to conduct REO Transaction?
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4 March 2019 | 1 reply
We usually use the funds from the buyer to close the transaction.
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4 March 2019 | 7 replies
We seem to be slowly growing and had maybe 20-25 people at last months event.If our paths don't cross, but sure to update on how your deal(s) go.
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4 March 2019 | 6 replies
We want to pay our property manager with a credit card but PayPal and other online websites charge 3% fees for credit card transactions.
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6 July 2019 | 5 replies
Transaction complete, looking for the next deal.
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4 March 2019 | 0 replies
Most banks will state a minimum EMD required with each transaction.
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4 March 2019 | 2 replies
If you are reimbursing your tenant for any reason it should be through a separate transaction so there is no confusion to why rent was lower one month.
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4 March 2019 | 4 replies
@Bob Malecki,As Carl elaborated this proposed "swap" is a direct transaction between disqualified parties (wife's IRA selling shares to husband's IRA).