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I am under contract to purchase a property (closing set 8/4/21). Through a stroke of luck, I have a cash offer on one of my rentals (it's vacant due to a tenant turnover). I'd love to be able 1031 my sale and use the ...
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Hello all. I have recently joined BP as a next small step toward my goal of replacing my 9-5 income with a more passive income. My primary interest is in buy and hold strategies. I am hoping to connect with successful...
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hello bp. I have currently been doing much research and been learning great things here about wholesaling and all types of investing. I thought I would get some input today about a few questions I had related to whole...
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Hello BPers. I'm a young investor trying to understand the education side better before going after my first deal. I've been reading Frank Gallinelli's book about the key things everything investor needs to understand...
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My father purchased a note about a year ago. We just got notice from our servicer that we are out of compliance. I will try and explain the situation.1) It was a land contract that was originated in 20112) There is la...
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I'm seeing high electric bills in our STR properties and was wondering if anyone had tried using a web thermostat to reduce power usage when the unit was vacant. The idea would be to turn the AC up (higher temps) whe...
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Hey BP, I just recently got licensed as a real estate agent and have set foot onto a rather large firm in the Kansas City area. I'm with a firm called Reece&Nichols, I originally got my license because I thought i...
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When my current tenants lease expires in march of 2018, I plan to sell the property(sfr) and reinvest that money via a 1031 exchange into a small apartment building(12-18units)moI've already contacted a few different ...
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I just want to be clear as to how wholesaling works. I make an offer and the offer is accepted. Then the contract will state something about closing in 30 days or so. In that time I find an investor. Do I sell the...
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Hi Everyone,
I keep reading places that you can do a double closing, using only your buyers (the person you are wholesaling to) funds, making it a no cash required transaction. However it seems to me that to make th...