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Novice- Trying to get started in wholesaling
Hi Everyone! I am a newbie in the real estate business, I am in college but I have always been interested in Real Estate. I want to start off with Wholesaling as I have read that is usually where people begin. I have ...
Jim Pennington
Equitable share in investment and profit
Hello everyone,I am considering teaming up with my rehab guy to take on a full house flip project.He would provide most of the rehabber skills and labor and I would provide most of the acquisition and financing assets...
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Question about a Lease Option?
Hello- hope all is well. My understanding of a lease option is that the RE is tacking on extra month payments for the lease option tenants with the idea that after a set period of time (let's say 3 years) the tenants...
Paul L
Selling on L/O - reality check
So I've read Wendy Patton's book on L/O and gone through another gurus course as well. I've also done plenty of reading in these forums. I'm suspicious that a rosy picture is being painted here. Essentially what I rea...
Carl Kahkonen
are you the principal ?
Does getting the property under contract make you the principal when you approach a potential buyer?
Derek Venhuizen
Landlord's Ability to Terminate Lease
Can a Chicago landlord terminate a lease at any time (i.e. no issues / paying on time etc) with written notice prior to the end of the term? How many days written notice to tenants is required?Background: I have a 1...
Ivan Reyes
Contract for Deed or warranty deed.
When selling a rehab with owner financing do you normally give a contract for deed or warranty deed. Isn't a contract for deed basically a lease option contract in some states? I'm in AL.
Seems like I would give the ...
Eli Yachini
Funding question advice
My friend signed a lease to own contract 3 years ago with a purchase price of 2.7 million dollars when the house was likely worth 2.4-2.5. The actual chance they would want to purchase the house were slim to none at t...
Ryan Magnano
Seller took second offer while under contract
Hey, everyone.I'm buying my first property. I got the property under contract. I had a 45 day contingency to secure financing. I'm in Florida and the contract was a stand FAR/BAR contract. I'm a Realtor and the seller...
Aundrea Newbern
Investor agents - is paying a wholesaler fee unethical?
All,I recently became a licensed agent, but my predominant source of income is investing. Prior to becoming licensed, I did many deals through wholesalers. This seems to concern brokers. Some feel that it is an illega...