The completed form should be submitted to the IRS promptly, and before the actual closing date on the sale.

Currently in the phase of buying my first property and needed some clarification if I’m getting screwed or not I’m in Rome, Ga and that is where I’m purchasing the home it’s a flip that was a 3 bed 1 bath but has been flipped into a 4 bed 2 bath the asking price is $214,900 originally 230k but the seller wants a quick sell my agent told me we should give them the asking price and ask for them to pay 5k closing close I wanted to ask for 190k and same closing cost but agent said they wouldn’t take us serious so I agreed to agents terms as I’m signing paperwork electronically I see closing cost is 17k since seller is paying 5k brings it down too 12k but being in Georgia I am approved for Georgia dream which covers closing and some of down payment now when I sign at closing I have to pay 6k I’m wondering why is closing 17k my friend bought a property his closing cost was only 10k granted he bought his property for 189k but I feel like my agent isn’t really trying to get me a good deal should I back away from this property, find a new agent, go through with this purchase, or am I getting screwed in the process? 

What is your closing time frame?

The short-term gain of doing an unpermitted basement bathroom addition vs. the long-term failure when you go to sell is not a close match.

A close friend of mine is doing this and looking for more properties.

Purchase price: $270,000 Cash invested: $100,000 We recently closed a successful investment deal on a duplex that we acquired off-market through a strong relationship with one of the largest investors in our town.

this is me and my partners 1st deal we got 14 days to find a buyer/ or find another exit strategy.My question is, how can me and my partner work with a private lender to get this deal closed if our buyers we made contact with are not serious about closing but we know there is money to be made in the deal!?

 Hey BiggerPockets family,I was just approved for an owner occupant, Fannie Mae, 5% down with a purchase price of $1.3 million for a 4plex in the Phoenix Metro of ArizonaMy middle FICO credit score is 759My current DTI debt to income ratio is 30%I have enough down payment, closing costs for the subject property, and enough liquid reserves for all 10 of my apartment buildings totaling 45 units in PHX Metro AZmy mortgage lender quoted me with a rate at 8.125% with me paying 0.156 points totaling $1,920My question is,does this 8.125% interest rate sound reasonable for an owner-occupied fourplex 5% down Fannie Mae conventional loan as of March 27th, 2024, at 1700 hours?

Property 1100 sqft, 3bed 2 bath in Spring Area , is making $1400 in rent20% down = 38kLoan Origination, Closing cost = 5kLoan is 7.8 % ( investment interest is little higher ) out of 152k ( 190-138 ) = $1100 / month ( use mortgage calculator on google to calculate )Now add insurance 1200 / yearTaxes 3300 / yearProperty manager 1200 / yearThis is additional $475 per month, bringing you to a total cost of $1575 this is without repair reserves.

Just in the research stage and processing all this information has been overwhelming ( In a GOOD way) I already know, San Diego is not the place I want to purchase, so I'm looking into Midwest areas, close to other family members.