Amanda Long
Please fill me in… whole sale company vs property owner
Was in a purchase agreement with a “wholesale company” from CO. They marked X optional for EM. Closing date was 2/29/2024. company said end buyer would put down EM and escrow would then open. Figured out after signing...
Gerald Dougherty
Listing a property for rent which already has tenants
I'm still in my first year as a real estate investing and continuing to learn and appreciate any thoughts on this:I have a single family home in Castle Rock rented. Lease expires on January 21, 2024. I've reactivated ...
Spenser Finnestad
Close with tenets in house or not to close with tenets in house+
Hello All,
I'm currently buying a home and at the home stretch. This is my first property and would love to hear some feedback on this.The facts/situation:
- Original closing date early June.
- Tenants were given 3...
Samantha M.
A Word of Warning Wholesalers: If your Buyer backs out, YOU are in DEFAULT
I was talking with a friend of mine who is a real estate attorney today and we had a discussion that I think many current wholesalers(and noobies) are not aware of.
Typically when you wholesale you schedule the closi...
Don Thornton
PM charged managements fees after property is vacant
Hi,I have 2 properties month to month lease. I signed up with a new PM in Oct 2019. Tenants left and I fixed it up, put a lock on it and is currently taking charge and selling in under a listing agent. I found out rec...
Fernan Nava
What to do, when sellers renegue
So, I had a signed contract with a seller, our contract extension expired, few days later, my agent tells me that the seller does not want to sell to me anymore, unless I paid bout twice the amount of our written cont...
Cameron Norfleet
NOTICE TO ALL CONNECTICUT LANDLORDS!!
Section 57 of Bill 1502 was enacted the end of June and requires landlords to include a notice in every residential lease in “not less than 12 point boldface type in uniform font” Disclosing whether or not the dwellin...
Andrew Major
Due Diligence and Real Estate Ethics
So I have a New York State (Jefferson County) house with agreed upon price between my agent and the sellers. However the other agent is dragging her feet on getting us the purchase contract returned with signatures. S...
Chris Reeves
What do you syndicators do in down markets?
Just curious - I've never been part of a syndication either as an investor or the syndicator. We own our own stuff directly, and thus can simply ride out long down cycles (as long as we are not over-leveraged) and con...
Friday Delorio
Day 3 of my 90 day challenge - when to get pre-approved for a loan?
I will close on a property within 90 days. At which point should I get pre-approved? Can you get pre-approved without knowing the area in which you're going to buy real estate?