Miles Tiglao
When do you pay Origination Fees for MFRs?
I'm working with a lender who is asking for origination fees up front a few weeks before closing. I've always paid origination fees as part of the loan on signing day for my SFRs. Is it any different with Commercial...
Wendell De Guzman
Confession of a Wholesaler: The Real Scoop On How I Sell Houses
I have been a real estate investor since 2003 but I started wholesaling in 2005. After wholesaling a LOT of deals, one of the questions I encounter from beginner wholesalers is "How do you sell houses?" Some beginn...
Tom A.
Newbie at the Courthouse
Hey all, I find myself looking into a foreclosure auction at the courthouse. I know it sounds very dangerous for a newbie to start with a foreclosure. So I have been reading every topic about foreclosures and trying t...
Richard Villandry
What is this Silent Second Mortgage Fraud?
Hey BP!If i have a private investor that is willing to lend me a down payment on a property how do you structure it to not consider it a silent second fraud? For instance, if a friend gave me 20,000 for a down payment...
Solomon F.
Yikes! termites!!!
I went to check out a house needs to be totally redone but that's not such a big deal because it's a great price. Prob is I'm pretty sure it's got termites. Is it worth investing the time and $$ to determine the exten...
Jordin Crump
LEGALITY.Owning an LLC with rentals/notes, just finished Real estate License
I own an LLC that deals in renting, flipping, and note carrying. I just got my real estate license in Texas and now work under a different brokerage firm. Legally, I understand that I cannot misrepresent my company as...
Keith Read
Found a Potential Deal, Or is it?
I am a newbie here. I watched Brandon Turner's webinar live last night and as part of my commitment to this new career I started searching for some rental properties. I found a property and ran the Rental Property A...
Stephen Lynch
Sewer main line replacement
Hello,I purchased a STR that was built in 1966 and has cast iron pipes on a crawl space. The tenant moved in and said the water was backing up. I had the line checked / hydro jetted and inside the crawl the pipes look...
William Klawitter
Quickest way to get escrow instructions out to seller on a wholesale deal
I've been wholesaling for a bit now, and my current process is:1. Get purchase contract signed by seller2. Find new buyer, assign contract & get their EMD in escrow3. Escrow instructions then go out to the seller ...
Tom Goans
Tenant and Borrower Screening
Everyone is going to find this crazy, but my experience has been excellent using this screening method.
I never have a potential tenant or borrower fill out an application. I never obtain a credit report. I never do ...