Basically, he makes me a profit.Additionally, he creates a comfort level for non-traditional real estate transactions that often occur when one is wholesaling property.With enough digging I think most people can find attorneys like this in their local areas, particularly if they are in a larger metropolitan area.

Hi, I wonder how holding an airbnb/short-term corporate housing property will impact my ability to secure conventional loans for future investment properties.I am about to list my apartment on airbnb, which basically provides short-term housing similar to a hotel.

Just a few comments, nothing else to harp about:You have a real mess going on there.You didn't learn about basic RE before you jumped into a deal.You're a tenant, no Realtor can list with you if they wanted to.Your option only gives you the option to buy, you don't own anything in that property.

You can combine that with the 1031 (if applicable) and basically not have to pay taxes on your gains.

By that I mean, I have taken college courses on REI and I understand the basics.

The overall goal of reform is to reduce the subsidies that FEMA is currently paying on high-risk properties.The flood maps are used as the baseline indicator for the risk on any property, basically saying how risky an area is.

One would need to see the whole financial picture to give an accurate assessment!

I went to public auctions and he taught me the basic fundamentals of the business.My question is.

The partners I used basically had cash sitting in a savings account.

I found a house off searching tax liens, and the seller is an elderly person who has a relative helping to get the house sold before the lien redemption ends(this month)They refuse to do a contract, i even offered to make it just a week long, at least enough time to market the house, throw it on Craigslist whatever, as i know they have limited time.I think they are trying to work other angles, which i can appreciate, and they seem eager to sell( i got them down to $10k + i would have to pay the 4500 lien) Recent solds show about 32-45k comps, and my agent says the area(moreland ave) is a lot of investor activity.Today they told me "we'll do a contract once you have the funds ready, but we don't want to do all the contract paperwork, we just want cash upfront".I explained i work with investors and I can't market the place without having a contract, and i wouldn't want to knowing they can sell it from under me.Should i basically forget about it and move on?