29 January 2020 | 11 replies
Hey @Hayden Smith,Thats awesome to hear you are getting out there and making transactions happen.
28 January 2020 | 4 replies
Do you have to use a realtor for this transaction?
28 January 2020 | 11 replies
This will allow you to identify normal costs that occur on both the buy and sales side of the transaction.
2 February 2020 | 4 replies
It also sounds like you did not actually renovate, so it will not look like a rehab/fix/flip transaction.
29 January 2020 | 4 replies
I have obviously been researching like crazy for a few months now and taking the necessary steps to make my first transaction. 1.
29 January 2020 | 2 replies
Further, if you’re worried about ‘transaction funding’ costs – there are many title companies that now allow table funding (essentially you can use the funds from the second close to fund your first close)#4 Add disclosures to your Assignment (for buyers) and purchase contracts (for sellers)The myth that buyers will freak out when they see the large assignment fee that you’re making is misplaced.
3 February 2020 | 6 replies
This will be my first major real estate transaction.
28 January 2020 | 8 replies
If I was the seller on the deal and you weren't making the closing date because you switched lenders in the middle of the transaction to try to get a better deal for yourself I'd demand compensation to sign an extension.
24 February 2020 | 5 replies
You'll need to work with a lender who is a servicer, not just an originator because once the purchase transaction closes, the reno budget gets transferred into an escrow account and you need your lender to be able to access it so you can quickly begin working on the reno or you will have problems with your contractor out the gate.
24 February 2020 | 4 replies
If you can spare some time volunteer for a RE agent on weekends to start getting experience with RE transactions.