James NA
How to simply "tie up" a property....PLEASE HELP.
Do you NEED a purchase and sale agreement or can it be done with a simple "intent to purchase" letter or a written offer???? A purchase and sale agreement contains all types of clauses and issues that my seller and I ...
David Bell
Buyer and seller went behind my back???
hello. This questions is for someone with experience in lease options. Thanks in advance. I have a situation where a seller and buyer went behind my back on a lease option deal. The seller needed out of the property. ...
Adi Singh
Things to do after Agreement is signed and before final closing
Hi Folks, I am Adi from Massachusetts and recently purchased a multifamily. This is my first investment in the rental space, so a newbie. Property is 3 units with two units rented. All the formalities have been done i...
Marquest Page
First Double Closing
Hey BP,I successfully closed on a deal yesterday (12/28/17). I figured I would attempt to go into the details from start to finish for the sake of what I hope is a good read for you. I also want to share in case anyon...
CJ Witmer
Need help doing a fair deal with partner
Looking for input and suggestions on the fairest (?most fair?) way to split a deal with my partner/cousin on a property.Some things that may be relevant:- It's an auction about 1/10th of a mile from my own home.- He's...
Robert Cabral
Legal Question - 3 way partnership terms
Hey Bigger Pockets Team,I am going into a partnership with 2 other colleagues and buying a property. We are creating an LLC, and for now the mortgage will have to be under only 1 of the partners, because he is the onl...
Henry Webster
Letter of intent for a 5 unit
I am writing a Letter Of Intent for a 5 Unit near me, and would like some ideas of what to ask for in the LOI.
The owner doesn't have much in the way of financials (old school) a couple tenants pay in cash he in turn...
James Letchford
Under Contract on Contanimated Property
In September 2017, I went under contract for a property in Southern New Jersey for $94,500. It needed $65K to give it an ARV of $200K. During my inspection period, we noticed signs of an oil spill around the tank outs...
Justin Fraser
Seller changing his mind
Good morning BP! I'm hoping some of you with more experience can give me some insight into my current situation.
I viewed a good cash-flowing duplex (even planning on 60% for expenses) on Saturday. On Tuesda...
Chris Coughlan
Wholesaling Basics/Contracts
I'm currently focusing on short sales, but would like to try some wholesaling. Does anyone have any contracts for me to view?
A Realtor friend of mine dropped off a "Contract to Purchase" and a sample "Purchase and ...