Account Closed
First rehab to a possible end
Hey BPers
I was in negotiation to buy a home that has been abandoned for around 3 years. With the helpful push of some members on here, I went through with the contract signing and sending it to a title company. Afte...
Brianna M.
What to do about existing lease when buying a home with a tenant
The house is currently managed by a property management company. I want to keep the tenant and the tenant wants to stay until their lease ends in 2021. Do I need to have them sign a new lease? Or will the previous one...
Shari Peterson
Need Closing Agent for double closes near Fall River, Mass
I have a client that needs an Investor-Friendly Closing Agent in the Bay area south of Boston Massachusetts that will do double closings. He is physically located in Swansea MA and buys in Bristol and Plymouth countie...
Thomas O.
Auction.com foreclosure purchase question
I won a home off of auction.com a few days ago. I selected the title company that they recommended because I figured in this situation it may be easier. I have purchased several homes and typically the settlement fee...
Ryan Gillis
How does transfer tax work when wholesaling (Pennsylvania)?
I'm playing middleman between a seller and buyer. When do I pay it? Do I pay both of the double taxes? Can I use transactional funding for it? What should I know?
Dan R.
Seller-financed IRS reporting
This is a question for my accountant, but since he's on vacation this week I wanted to see if anyone has had a similar experience. Here's my dilemma: I have struck a deal for a seller-financed acquisition of a mob...
Andrew Senesac
Need help understanding Quitclaim deed ramifications
Hi guys, I am looking at a place to purchase and have been doing somewhat of a search on the history of the property and found out that the girl who owns it now bought it via "Quitclaim deed" from an investment compan...
Jose Matuk
Interesting story and (legal) question
A friend and I met this lady who wants to sell her property in a suburb of Denver, Co. Running the numbers it seems like a pretty good deal, my friend lives there and he could manage it as a rental. When we started di...
Dan Mil
$4500 closing costs on a $49k single family?!
First time poster so I apologize if I’m posting in the wrong forum. I’m in Ohio. I just found out that the lender I am planning on using for my first rental property purchase (property is also in Ohio but in another c...
Patrick Crehan
Land contracts for first time buyer?
How risky is it to sign a land contract as a first time buyer? What are some things I should be beware of? Im a college student and I’m afraid my dti will boot me out of any opportunity for a loan so I’m trying to go ...