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...
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...
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...
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...
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...
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...
Hello BP, I am a rookie landlord looking for some advice. In about a month I plan on closing on a duplex which I am going to use as a house hack. Both units are occupied with tenants on month to month leases and I wan...
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...
Anybody from Ohio without a license who has successfully and legally done a wholesale deal without double closing please explain.
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...