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31 January 2017 | 3 replies
Where we are hitting a snag is I am using a VA loan and my lender needs to send out closing disclosures 3 days prior to closing and since the ownership is not under the wholesaler's name, they won't be accurate and the lender won't put the wholesalers name in the documents until they have proof of ownership from him.
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2 February 2017 | 23 replies
The level of interest (100 inquires/40 showings) to the ratio of applications (3) definitely points to something in the unit or showing process that is a deterrent or amiss.And I agree with the prior posts noting many renters (your applicants), lack what we'd call "imagination" in seeing how this unit "will look" when you are done and out of the place.
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2 February 2017 | 6 replies
Where we are hitting a snag is I am using a VA loan and my lender needs to send out closing disclosures 3 days prior to closing and since the ownership is not under the wholesaler's name, they won't be accurate and the lender won't put the wholesalers name in the documents until they have proof of ownership from him.
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1 February 2017 | 8 replies
Matt Therialt of Epic Real Estate Investing uses a letter of intent to present offers to the seller prior to writing an actual PSA.
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31 January 2017 | 2 replies
whenever you're driving somewhere or performing mundane tasks at home - https://www.biggerpockets.com/podcastStart examining your local market - get set up with a search that shows you all of the properties for sale in your area.Once you start to feel comfortable with the methods and terms used in REI, start to network with other investors in your area or on BP.
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10 February 2017 | 9 replies
Prior administrations changed labor laws to be unfavorable (I know someone that sold their peach orchard because of it).
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1 February 2017 | 11 replies
The first and most important is that the QI must be in place prior to the closing of your sale.
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2 February 2017 | 6 replies
If the taxpayer used the property as a rental or vacation home prior to using it as his or her personal residence, then the amount of gain that can be excluded will be reduced for that period of “non-qualified use” (see IRC Sec. 121(b)(5).)
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3 February 2017 | 3 replies
I had a few questions in terms of how the leases the tenants that were renting the unit out prior to me purchasing it works?
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5 February 2017 | 10 replies
We ran the title and our DD prior to the auction and this issue did not come up.