Edward Schenkel
Finding Seller Financed Properties (purchase money mortgages)
I have seen some investors do very well with seller financed transactions. In other words, instead of using a traditional bank, the seller provides a note, or "takes a note back." These deals are often attractive beca...
Jenny Stallings
Help!!! I am purchasing a home FSBO in Michigan.
I am buying a single family home in Oakland County Michigan as a FSBO. I don’t have a buyer’s agent representing me. The owner is presented by a family-member that is a broker.I did my own comparable market analysis...
Joseph Hazen
Month-to-Month termination process
Hello,My tenants are on a month-to-month after the original one year lease expired, and recently texted me saying they wished to move out next month. Do I need a written request from them, or can they just leave witho...
Krystal Barcliff
Property Management Company
Hey, so me and my spouse want to start our own Property Management Company. My Husband is a Licensed Realtor but I am not. Are we able to start the business with his credentials or would I have to become licensed myse...
Chase Hancock
Trying to understand LOA's a little better
So recently I began studying lease options and haven't quite wrapped my head around it yet so please help me clarify things. In short these are the steps I need to take:
1. Market for low equity homes with motivated ...
Matthew J. T.
How many purchase contracts do you need?
So basically what I am asking, do I need to do a purchase contract with the seller, and a purchase contract as well to the investor/buyer (with my new price)? and than soon after have him sign the assignment contract?...
Angie Zhang
Any one has any experience purchasing properties under trust?
Does anyone has any experience purchasing properties under trust? Any suggestions or tips to share?Thanks in advance!
Jacek Nowakowski
Transactional funding underwriting
Hello,
I'm a private lender and I've been approached recently about providing transactional funding for a wholesale deal. I've never done one of these transactions before but have researched them online. I was wonder...
Rahul Bhatt
Seller is trying to keep Escrow money even with inspection contig
We are under contract for a house in Cleveland area we had inspection contingency after looking at disclosure and price point we decided to move out of the contract. before removing inspection contingency. Now seller ...
Mark H.
1099-S To Report 401k Property Sale
Hello BP friends,I have a business (s-corp) that has been sponsoring for many years a SOLO 401k Plan. The business and the plan each have their own EIN. As a plan trustee, I am selling a rental property owned by the p...