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Good day Biggerpockets community!We are investors from Canada and just starting out in US market as well. We have registered an LLC in US, and I am looking to open a business account for it (we have an account for per...
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Hey all,I would like someone who is experienced in wholesaling to verify the accuracy of my understanding of the wholesale transaction. I understand the process as follows:Step A: wholesaler places property under cont...
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My Drawing of my outsourcing of short sale transactions
I know I didn't invent this stuff, but I wanted to organize my process. Here's how it works.
I train Realtors / Agents to bring me their potential short sale ...
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I am a bit confused on this topic so lets just get started. First off I was wondering if as the wholesaler do I have to pay a earnest money deposit to the seller or does the cash buyer do that since I am assigning the...
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I’m learning how to wholesell and have found a property I’m likely to get under contract. After it’s under contract what should be the next step? How can I find a lawyer that can do a double closing?
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Last year I needed to move in with my mother to take care of her. I rented out my condo. I do not have a business set up. My question is how do I prepare to pay taxes on the income I have earned? Do I need to set up a...
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Can you add another buyer to a sales contract after it has been signed by the seller and the buyer? Then after you close on the property, release yourself from the contract for a wholesale fee.My reason for asking is...
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Question for all you handy folks out there. I have a brick duplex and am currently closing on my second one and they are both in need of glass block windows in the basement. Is this a DIY project or something that sh...
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I've been a lurker here for a little bit (for landlord stuff) and recently made a good friend that explained the benefits of being a member here. So here I am.... In 2014 I sold a double lot in Logan Square and purcha...
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Hi Everyone,I’m a new-ish investor, started in 2020 and have 4 flips under my belt and now own 4 rental properties. I recently came across a mobile home deal that seemed too good to pass up. Seller wants $30k, it need...