Dena Price
Short Sale Property & transferring LLC as wholesale tactic
Hi everyone,I am rather new and this is my first short sale. I am n WA.I have an approved short sale property in escrow. It has 3 partners, each on PSA under their own LLC. We have an interested party who wants to...
Nate Ginsberg
Buying agent conflict
My buying agent is representing the seller on a SFH I want to buy. Does she have a conflict of interest in the deal? Can she still represent me? Can I make an offer without my agents? What would you do in the situation??
Michael S.
FHA Experts? A question on 4155.1 4.A.1.i
A question on this section for FHA loans:If two or more parties have an ownership interest in the property, but only one of the parties is applying for the loan (and credit qualifies for the loan on his/her own), it ...
Kristie Eddy
Background checks necessary for student housing?
Hello BP! I am a newer investor and have added a multiplex recently to our portfolio that will be rented to college students. I want to ask whether or not other landlords or property managers are running credit and b...
Pablo Mendez
Buying neighbor's house private party... several questions.
My immediate neighbor had listed his home for sale $250K in Abita Springs, Louisiana. It was on the market for two months, was pending but buyer backed out. I am strongly considering purchasing this home. I spoke wit...
Clarence Browne
Do you typically give a profit split to your PML?
Everywhere I read about PML, the "TYPICAL" deal is described as 8-12% interest (I've seen 6-15% as well) with nothing being mentioned about a profit split. I do see instances where joint ventures may be up to 50/50 p...
Christopher Juntura
Seller financing how to bring it up and experiences
I've done 2 deals in my real estate career and both have been seller financing.Both deals were done with my aunt whose 79 and just wants out. She had non paying tenants on 2 single family houses and it was costing her...
Greg B.
Allowing Passive Investors
I have people that would like to invest in my rental business, a first for me. We are negotiating an annual percent of return. Right now I am offering a monthly payment for return, focusing totally on cashflow.
The...
Ramon Mota
What to do when dealing with family?
After the passing of a family member I inherited a property. The spouse was still living there and the property was under a prenuptial agreement. As we took over the property we had the spouse stay for an agreed 820 a...
Chandler Durham
Peculiar Landlocked Fix and Flip HELP
Hello All! I need some input on this situation. A bank owned property (house and 4.5 acres) is up for sale, but it is technically landlocked by a .12 acre strip of land. The property was previously part of a much larg...