Vikas Grover
First time Private Lending - keep my investment safe and tips
Hi For first time private lending to rehabber - trying to figure out - how this works1. What should be lending terms?2. What if rehabber drops/delays the project?3. What if property does not sell as fast you would lik...
Dean Herbertz
Are short sales still a viable strategy
I have been told short sales are no longer a good strategy in the current market because a certain bank restictions. true or false
Frank B.
Real Estate Agent or Banker first?
I'm new to the investment game and I'm still trying to make the connections I'll need for my first purchase. I am interested in purchasing SFR(s) to rent, and I have heard conflicting things about whether I should see...
Mindy Jensen
How do you feel about renting to the buyer before closing?
So I was trolling the Forums and found this post where the original poster was asking about Title Seasoning. One response, from Bill G. said to rent it to the buyers prior to closing, then close on day 91. I remember ...
Gurjot Grewal
Seller not releasing EMD within financing contingency
Hello BP,It's only $1000 but with the language in the contract, it should be returned back to me. My loan was denied due to "excessive obligations" and "lack of income for obligations". I forwarded this to the seller ...
Bryan Hancock
Seller Refuses To Pay Broker's Commission With Listing Agreement - Delaying Funding Post Closing
So we bought a small lot today that we plan to develop. The purchase was for $60k in cash using a buyer and seller broker. When the HUD came out the seller flipped out and didn't want to pay all of the commissions t...
Carter Bushman
Tax Deed Sales Questions
What happens when you purchase a tax deed from the courthouse? Are these things usually bought in auction? If they are then does the government take the extra money over what is owed or does that go to the house owner...
Christopher K.
Bank won't lend to LLC, what am I missing?
I was told when talking to guru's that when buying an investment property, to make sure that it is purchased as an LLC and insured as one as well. From my research (NJ), no bank will lend to an LLC (meaning I cannot ...
Mina Kam
Development Feasibility Study
Hi all,Do any of you have advice (or useful resources?) on how to conduct a financial feasibility assesment for a small development project? We are new to the game and want to get this right.
Derek W.
Unrecorded deed of trust brainstorm
I have a lead from an attorney who wants to sell clients property to pay for Att fees. Property has an unrecorded deed of trust (seller carry) according to seller. Title shows free and clear. Nothing was recorded to ...