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17 December 2015 | 23 replies
In most states it puts you in a very different liability situation.If you want to represent other people in their real estate transactions, being an agent may be for you.Don't let anyone tell you to get licensed just so you can have access to the MLS.Either way, at the end of the program you will be much more educated in the area of buying and selling property in your state.
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20 December 2015 | 10 replies
The bill didn’t match any other recurring bills I have setup, so thinking it was fraud I disputed the transaction.
17 December 2015 | 2 replies
Lenders wouldn't last too long in this industry if word got out that they held up transactions and got in the way of deals coming together.Hope this helps!
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16 December 2015 | 2 replies
You take the purchase contract to an escrow company and they will do the closing,which will in include title search, liens chain of title etc.
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17 December 2015 | 7 replies
Be careful to ask for Disclosure of ALL fees associated with the transaction!
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17 December 2015 | 1 reply
There will be many folks who can benefit from your experience, as well as those who are above you and can guide you in your future transactions.
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19 December 2015 | 13 replies
Other strategies such as sub 2 transactions, installment sale transactions, leases and lease option to buy arrangements can be devised with TIC.Comparing a sandwich lease or master lease, a TIC owner you do not have to worry about the seller selling first before you sell; you can pass title as an owner and executed sales contract through and screw with your tears a partner or you can have a "power to sell"On biggerpockets we have talked about the problems with wholesaling, not being on legal title before we market the property.
9 March 2017 | 17 replies
Most IRA custodians who accept single member LLCs as IRA investments will require that you appoint some kind of special advisor (licensed CPA or attorney) who will review all the transactions of the LLC to make sure there are not any prohibited transactions happening.
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20 December 2015 | 23 replies
Lenders prefer not to cross collateralize a deal.
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12 October 2022 | 48 replies
A transaction lending company I am involved with will send proof of funds letters