what is the difference between and option contract and a standard purchase contract? which is better to use for short sales?

Hello,

I've been reading the forums and get the weekly emails about wholesaling and flipping. I want to make the first step on getting my first deal going. I'm a real estate broker, so I do have access to finding p...

I have sold much of my rental portfolio under land contract terms to other investors. (The terms state clearly that the loans are for business purposes and for non-owner occupants. Also, the borrowers are LLCs operate...

Has anyone ever seen such a clause in a contract(approval letter with terms) for a hardship based Short Pay, or even for a Short Sale?)"Dear Customer(s):Select Portfolio Servicing, Inc. (SPS), the mortgage servicer on...

Investors, managers, and BP junkies,
Looking to see if anyone can shed light on something I’ve been considering. Lets call it the long-term to short-term rental switch.
Current owner of a shotgun double in New Orle...

I’m in a bit of a jam. I’m scheduled to close escrow and record with Kauai on my newest short term vacation rental this Friday. My loan was funded today and all the documents are handled.  I thought this was a done de...

So I am placing an offer on a Short Sale and I feel like its just too lengthy. Below is the letter of intent, I have tried to make it personal and cover all of the details. Should I split this up into multiple documen...

Hi Guys, could you please advise me on the following deal.

I had arranged a short sale on a 4plex from $500 000 to $192 000. The market value is around $250 000. I am using a friend of mines credit for FHA loan. We a...

My in-laws are looking to buy a short term rental property and would like my husband and I to property manage for them. We have no experience with working with other property management companies and are wondering wha...

So here's my story.I am a 43 year old systems engineer in Iowa, and am looking to get started with real estate.In addition, I have a 23 year old son who is willing to move anywhere and help out in whatever way he can....