John Cusick
Customary Land Purchase Terms
In a commercial land purchase transaction in Northern California with the value of under $10M, what is customary for the terms below?- earnest money deposit - is 3%, 5%, 7% or higher customary?- duration of the non-fi...
Sol Baum
Re: No due diligence-commercial
Question: I'm an agent trying to deal with an owner on a small commercial prop says once a buyer signs LOI they can get any relevant leases do their due diligence as well as do their inspection before going to contrac...
George P.
Is it high? (Good Faith Estimate - lender's charges)
It appeared to be unreasonably high but I wanted to check with the group.
On Good faith estimate the loan originator stated the following figures to be charged by him/his bank (in addition to credit report fee):
1. ...
Melvin Brown
Is it common to pay a seller for a home inspection contingency?
I was told I needed to pay $100.00 (non refundable) directly to the seller in order to cancel the sale or renegotiate if the inspection reveals a major problem with the property. I also put in the contract that I woul...
Stephen McKee
California short sale Help
I have a new client with a non-owner occ home. It is upside down 50% and negative 50% per month. He's thinking of short selling it but I have been told over and over again that banks do not negotiate short sales on no...
Justin C.
Just nailed the closing of my second property with $0 out of pocket!
Over the years, I have built a great relationship with my attorney. He is my fathers attorney (by coincidence believe it or not), my mentors attorney, and has closed on a personal property of mine as well as my 1st i...
Melanie Tucker
Madame Proprietor Melanie from Maine
You know how some people say that a person walks in the room, their eyes lock, and they immediately know that that's "the one"?Well, that never happens with me with romantic partners. But it DOES happen with real es...
Kyle Coleman
How to deal with pets
All,I'm a first-time landlord, we're looking to rent our first property as it is. I have a SFH that is entirely tile, so floors are pretty durable. My question is this, I set a non-refundable pet deposit that is hal...
Calvin Rankin
Interacting with agents
Reading through the forums I came across a post by a new wholesaler in Maryland. She had sent out yellow letters and gotten a response from a realtor who was representing the homeowner and she wanted advice on how to ...
Bradley Bismark
How to use other people’s money
Hi, I need some advice on how to use other people’s money without creating a tax liability.Situation is; I have a family member who is willing to lend me money toward a deal. What is the best way to receive and use t...