Ron Thomas
Splitting proceeds from a sale in a 1031 exchange?
Hello all,So here's a quick run down of the situation I am asking about. Myself and another investor in the suburbs of Detroit are looking at a 140 unit apartment complex being sold by a larger investor who wants to ...
Casida Caines
Lender asking for closing date extension/ anxious seller.
Hello everyone,
My lender is asking for a 7 day extension on the current closing date, February 9th, but the seller is anxious. Has anyone encountered this situation before and what are some possible options/strate...
Account Closed
How long did it take for your first deal to close?
I know the answer is going to be different for everyone, but I am currently about to get into real estate full time and I was just wondering how long is took for everyone's first deal to come. I am going to be a comm...
Harry Shmelts
Family member offering to sell me house $100k+ below market.
I have a close family member who wants to move out of their home and offered to sell it to me for a major discount. I am wondering the best route to take on a situation like this. As far as paying the least fees since...
John Romero
Making Money with Short Sales
Hi Everyone,
I just attended my first local real estate investment meeting. It was a very good experience to meet others, as well as keep up to date with the latest trends.
The group leader, who is also a real es...
Xavier Mc holder
Should I switch mortgage lenders ?
Hey so I am in the process of purchasing my first home it is new construction. I decided to get some upgrades on the property that I already paid out of pocket. The lender is now telling me that “ You can’t pay for se...
Josh Ambrose
Short Sale Dominate Vegas but still dont sell like REOs
I was wondering how you guys feel about short sales. Do you guys think its worth the time to wait for a short sale or do you guys go straight for REOs because they can close quickly and you know what price you're gett...
Larry McDaniels
Short sale/ Foreclosure
I got into a contract on a short sale with the bank approving the offer. I put down my earnest money, got the inspections done, and am supposed to close this Friday. The problem is that the property is now set to go t...
Mathew Wray
owner owing difference?
I'm curious about something I've heard repeated a few times. When a short sale goes to closing is the owner expected to come up with the difference between the sale price and the mortgage price? I've been told that on...
J Scott
Paying/Collecting Sales Tax
Technically, you are supposed to pay sales tax on the total sale price of any MH you sell. And because I plan to buy/sell a number of homes, I am in the process of getting my broker's license, and will therefore have...