Domonique Hudson
Realtor screwed up my check
Hi Guys/Gals,I have a wholesale deal in place on a bank reo. I got the property under contract at $54,500 and I'm going to wholesale it to my end buyer for 59k all cash using a simultaneous close. My escrow company ha...
James Bakun
How to avoid FIRPTA tax? and how to avoid withholding requirement?
Hello, I have foreign clients who own investment real estate in the U.S. They are looking to sell and would be subject to FIRPTA tax. Is there a way to avoid paying this? and is there a way to avoid the withholding re...
Ken Adkins
How to do a double closing in a DRY state as a Wholesaler??
Hello BP,I'm a wholesaler in NC and have a deal that I want to do a double closing on without bringing any money to closing. I spoke to one attorney that said that's not possible in a Dry state but I know this happens...
Victor Parag
Wholesaling foreclosures & Power of sale in Canada & in general
Hi Everyone,
I took all the experts advise and partnered with an investor friendly Realtor. He has told me about a Power of Sale property.
How do I go about wholesaling a bank owned property (forecl...
Tony Velez
Buying property number 3 cash reserves?
Hi,We own our primary home and a triplex. Our mortgage broker said in order for us to buy another property.... we would need 25% down. Plus 6 months cash reserve for our primary home and our triplex. Does this sound r...
Jay Levy
Property Swap - 1031
Has anyone had any experience swapping properties. I’m trying to sell a property for another property, Entity A owns Property 1, Entity B owns Property 2, we want to swap our properties so that Entity A winds up with...
Stephen Phan
Commercial Lender in Texas
Hey Guys!We are planning to sell our property in Los Angeles and do a 1031 exchange for something in San Antonio, Tx. We may have to get two properties, one commercial (8-10units) and one 2-4 unit building. Was wonde...
Hunter Kahn
Investing in two locations simultaneously: Innovative strategy or War on two fronts?
Hello Everybody! I've made a couple of posts over on the "Starting out" thread but I'm here looking for some input on a potential strategy that I've recently started working on. I'm new to RE investing and it's be...
Allan B.
Two simultaneous first mortgages on a property, one is foreclosing, what happens?
Consider this scenario:1. Bob is purchasing a home, and starts applying for mortgages, and is shopping around. Home purchase price is $500k.2. Two banks, namely Bank A and Bank B, offer him a first mortgage, each in...
Javon Rice
Is double closing LEGAL in Ohio?
if so, what title companies do it and if not what ways can I get around it