Doug Carroll
How much should I charge to provide very short term funding
I have an investor friend wanting me to provide very short term funding for deals they are wholesaling. I need to get more details on how exactly this will work, but as he tells it the funds may only be needed for min...
Shari Peterson
need advice for 90 day hold in short sale approval letter
I have a client that I am providing funding for in Massachusetts. We planned to fund a back to back transaction for over $1M but the short sale approval letter from First Horizon MetLife came back that it must be held...
Myriam Jacques
I NEED HELP WITH A WHOLESALE PURCHASE
Hello all,
Here is my situation. I found a wholesaler who's selling a duplex that needs to be rehabbed for 75k. The property will need about 25-30k in repairs, and I am ok with the numbers. My situation is this the ...
Ted Lanzaro
Self Directed IRA's and LLC's
A client asked me today, "If I am using a self-directed IRA to purchase an investment property, do I have to buy it in an LLC owned by my self-directed IRA or can the IRA purchase the property in its own name. I can ...
Dave Bopp
What are the risks of my agent signing for me at closing ?
Hi everyone, I've had closing for a rental property get pushed back due to a series of inspection issues that now overlaps with me being out of town. My real estate agent is saying I can sign my HUD1 and a few other d...
Frederick Jones
How do you properly close on a sandwich lease option?
How do you close on a sandwich lease option without screwing up your option with the buyer. To make that question more clear, how do you close on a deal like this without the buyer finding out that he/she will be sub ...
KJ D'Costa
Getting Licensed for Rehabs
I'm contemplating getting my R.E. license to make my rehab deals more profitable. But I'm unclear on the broker/realtor structure. If I get licensed as a realtor, I have to sign up with a broker in the area, correct? ...
Andrew Yu
Power of Attorney for LLC
I'm wondering if there's a way to grant power of attorney for an LLC to an individual, if the operating agreement allows of course. Also what kind of attorney should I search for to prepare such document?
Account Closed
Subject to paperwork
I'm closing on a property in Douglas County, Colorado subject to today. This is my first sub2 purchase. I'm trying to confirm if a signed POA along with a signed Auth to Release Info sheet is satisfactory for accessin...
Jason O.
wholesaling to investors, not consumers
Is most wholesaling to investors only, not consumers? My aunt wants me to find her a house, and she says she'll pay me. Do I wholesale? I'm not going to sell it for retail to her. I have two other friends of frie...