Anthony Banegas
Is offering cash back at closing legal?
Hi everyone, I am a real estate agent in Southern California and have been interested in getting involved in wholesaling properties. My question is would it be legal to offer sellers cash back once the deal goes throu...
Rose Croskey
Commercial/Broker Loan fees
We are about to begin the refi process to get out of hard money and into commercial loan for a small 6 unit complex. I would say the loan amount would be 350k but can't be more than 400k at best. The broker I worked w...
Richard Stroter
Are double closings legal?
Are the double closings/simultaneous closings legal in CA to be specific? I've heard of people using transaction funding. What exactly transaction funding pay for and what are the rates? Is paying for closing cost or ...
Jim Johnson
Legal question with closing
Can I legally purchase and install appliances before closing on a multi-unit property? Thx
Danny Annibale
What to be aware of when refinancing a rental property?
Hi guys,I recently purchased a home out of foreclosure with a convention loan, rehabbed it and rented it out at a good market rent. I'm making a little bit of cash flow now, but I'd like to refinance the house based o...
Joe Colossale
Are condos worth it?
I have been looking for my next property and have an opportunity to buy a condo for below market value. Seems like a no brainer to buy a condo at a discount but I am worried about using it for a long term rental becau...
David Roe
Legal issue with closing help!!!
Ok, so I found a whole sale deal, presented the deal to the lender and got a verbal/email approval. This was first week of Feb. Said their closing took 5-7 days. Made the offer on the house and went under contract wit...
Luis NA
Please tell me Cash Back at closing LEGAL OR ILLEGAL
I read all over the internet and as of today I can not get an answer for this. There should be a law somewhere that must answer my question but can not find any. I will ask here: If someone is selling me a home for $1...
Sean Sullivan
Q on Deal structure for House + Land Flip... What Next?
I'm in negotiation for my first true investment purchase (currently am house-hacking), and I'm wondering if anyone has done a deal like I'm trying to put together, and if so, what advice you might have. Below is full ...
Herwig Schoeffler
double closing legal, how much below market value can you buy
Hello.So I am not a US citizen and have bought a LLC from other persons that gives me more questions than it should.
Basically it works like this:- you get a list from an online broker / data service
- you filter th...