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Wondering if anyone has executed a loan or extension backed by a pre-signed deed in lieu? We have a borrower that has requested an extension on his mortgage before his balloon is due. He's current but unable to make t...
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I had purchased a 2-unit property in Florida purely based on location appreciation potential rather than returns back in early 2018.
The sellers as behind on his mortgage and needed to sell before he was foreclosed...
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Quick question for you guys. When you purchase a property from a wholesaler, they send you their assignment agreement to execute. Is it typical for you (as the assignor) to be able to receive and review the initial co...
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Has anyone wholesaled a property by adding the end buyer too the purchase contract and using a quit claim after closing too remove themself from title?
If so, can you further explain how this is done? I have heard of...
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Hi,
I'm closing my first wholesale property in Scottsdale, AZ. The buyer and seller contract isn't mines so I'm planning on daisy chain the deal to end buyer.My question is how and what do I need to close this deal? ...
I gave my tenant oral notice yesterday (April 12) that I need the apartment after his lease (expires July 1) is up. So it is basically a 78 day notice. Tenant basically replies with I should have told him sooner and t...
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This past weekend I attended my local REIA meeting as I often do. This month the speaker was a wholesaling guru who's now moved into Rehabs. Anyway, he suggested contacting local rehabbers and asking questions about...
I have a tenant that I gave them their 30 days' notice to move, and they have no plans on moving. The end of the 30-day notice is soon coming to an end. So, the question is, when I go there on the last day of the 30 d...
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How many landlords in Class C & D properties are apprehensive about raising rents and/or not renewing leases for fear that it might anger a potentially Covid moratorium emboldened tenant. Non-renewal of leases was...
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I have a question about insurance during a double closing. Let's say that after closing with seller, something happens to the house before second closing. How is it covered?