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Helly everyone. In California, can a wholesaler use a blind HUD-1 with the end buyer utilizing a mortgage loan? If not, how can I prevent the buyer from seeing my wholesale fee ( I don't want to do a double close). Th...
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I was about 5 days from closing on my first place (an up/down duplex + cottage)...when the lenders (a typical residential / investment lender) said he would not fund the transaction...because the appraisal came back s...
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Hello BP, I bought a SFH in 2017 and during the closing period, there was some water leaking into the garage after a rain. It was brought to the sellers attention who advised he would repair the garage to stop the flo...
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Hello! After buying a property via DSCR loan with an un-nested LLC, can I legally move that LLC into my corporate structure so it would be owned by a nested LLC? I've been told that the lender wouldn't appreciate this...
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Hey everybody, first post here. I buy and sell land in South Carolina and have always bought properties myself or bought them with partners but I wanted to see if anyone knows if double closings are legal? It seems li...
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I recently discovered a 2BR 2BA condo for sale in a great rental location. The sale price is 26k and the latest tax accessed value is 72k. The problem is trying to obtain mortgage financing on property les than 50k. M...
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I recently posted the question below on the nwreii yahoogroup and as expected I have received some very differing opinions.
I was hoping you could shed some light on this issue...
I have heard that in some states r...
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Hi,
I've heard a lot about simultaneous closings to be illegal nowadays, is it true?? How about in NJ? Simultaneous closing, I mean, using C's money to fund AB transactions. Transactions are done ALL CASH. Would th...
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Anybody from Ohio without a license who has successfully and legally done a wholesale deal without double closing please explain.
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Hello,I am closing escrow for a property in next 1 week. Entire transaction is all cash, in this circumstances I would like to know what all documents do I need from the trustee (seller) and what all documents I need ...