Stephen Franco
Commercial Property. FIxing the "joker broker" problem
Recently, I got a call from an off-market rep (wholesaler), she was holding a POF (proof of funds) and LOI (Letter of Intent) on a property in Florida that her buyer wants. The "rep" (joker broker, one who can't deli...
John Collins
How do owned by zillow homes make money?
I've noticed zillow buying up a few homes in the mid range category, which is around 200-350k in the midwest. They seem to immediately put them on the market for a few thousand more after a month. (Say buying a house ...
Jonathan Makovsky
REALTOR with Different Broker in Two States
Can anyone chime in on being a REALTOR in two different states under two different brokers? My broker in one state is not licensed in the other. Some specific questions:
Did NAR have issues with being a REALTOR under...
Sean Bramble
STR permit when you don't hold legal title?
Context: I've got a deal in the pipeline that would require a contract for deed/ executory contract ... meaning I would take equitable title, but legal title would stay in the seller's name until I pay them off. Long ...
Evan Smith
seller 1031 if buyer is acquiring through a step acquisition
Im hoping someone can confirm my thoughts on this. Im looking at a portfolio acquisition and intending to perform through a step acquisition of the LLC as opposed to going through a traditional purchase. The seller i...
Brandon E
LLC owned Corporation
Since lenders generally don't lend money to LLC's (without personal guarantee) would it be feasible to create a corporation owned by an LLC to buy property(and build business credit) then transfer it to the LLC to be ...
Alex Hymanson
Documents / Items to make sure I get with off-market deal
I'm working through an off-market deal right now. Any suggestions on how to "cover" myself? For instance, I'm still asking for a seller's disclosure. Anything else?
Wade Funk
Contact Bank?
There is a house I'm eyeballing. Sadly, the owner passed away. I have located the deed records and can see who the Mortgage Company is (Select Portfoloio Servicing, Inc). I haven't seen it on the auction block, yet...
Oye Alle
How do I know if I have a serous buyer?
Are there any contacts between the seller and the title company in a cash deal? I’m the seller here and the buyer changed the close date. I have no contacts with the title company. Not that I know there would be inte...
Ray Hebert
Renters deposit vs repairs
This is my first tenant that's leaving. Should I deduct from the deposit minor repairs to the sheetrock from screws, tv mount, and nails? Stains in the stairwell carpet? Other than that, everything is ok, thanks!!