I could give the company's name to someone, but not give them the exact office that does assignments, double closes, etc.

Hmmm, I like that... but I think I'd charge my mom double :) That might actually get her off the phone!

Just move your expenses over to your tax basis so it can be depreciated at a later time and it should be much easier to show a profit.Again, I would double check the depreciation thing again though.

The answers will range due in large part to how the transfer (wholesale deal) takes place and the price points.For instance, if an REO, it is likely not "assignable" so if the buyer of the REO is using a second escrow for a double closing, then they will want a non-refundable deposit so you don't walk away and leave them holding the bag.If it is assignable, then it all depends on the contract wording that they are taking over, if an inspection period timeline is left over, they still have that.In other wholesale deals, they are mostly non-refundable deposits to keep you from backing out at the last minute with nothing to lose, that protects the wholesaler.As for inspections, typically, you as the buyer should do your inspections first, then decide if you want it and at that point, a refundable deposit is not needed, you have already made your choice to purchase the property.

Once I did some shopping around and found a broker and insurance carrier offering good rates, I've simply renewed each year with the carrier.This year, the broker notified us that one of the lenders (WFB), who has a fractional interest in one of the four units, is demanding that we double our liability coverage.Given that the lender is not paying the premium, and that they only half a partial stake in 1 of the 4 units in the building, what legal rights do they have to compel the HOA to seek out a higher premium and double liability coverage?

After that happened I had the time to scout out a county that is about 150 miles away from my primary, and purchase a foreclosure more than DOUBLING my investment.

With the amt. of turn over, I believe the couple of hundred bucks per month that you should be profiting per month is just too little for the amount of cash you have out and for having 2-3 families under one roof to babysit.I am speaking from experience, I owned 2 doubles on one lot that brought in 1700 per month, I was into it for next to nothing, and eventually I paid it off.

The property values have increased almost doubled and the crime has been significant reduced in certain areas due to investments in the communities.If anyone is interested in the West Side feel free to reach out. 

Three bedrooms, detached two-car garage, big walk-in pantry off the kitchen and a gigantic attic !

Been a while since I've been on here.I'm building a home (under 2000sqft) and a double garage.