Femi Ibrahim
How New Western Acquisitions Made Me Lose my Life Savings ($70k)
I bought a house from Tanner Hester (a New Western agent) in June 2019. There were lots of issues with the house as follows:1) The house was built without a permit2) The house was for the most part sitting on the floo...
Tandi H.
Give tenant their deposit back to avoid conflict?
In an earlier thread, I described my concerns about getting out a problem tenant. They actually did move out on time yesterday, thats the good news. Bad news is that in the process they removed/threw away all the dr...
Jen H.
Construction Project Management-Flippers Cancel last minute
Hi All,
I am project managing my construction crew on a house flip. The investors have been very difficult to work with from the very beginning with grinding us down on our prices to a very very slim profit margin (a...
Dwayne Gilbert
God This Is Getting Complicated, Please Help
Have a contract with a seller for a house in good shape but discounted because of their personal reasons. Have a buyer, qualified to purchase, ready to pull the trigger immediately. Have a closing agent ready and will...
Richard Clark
Newbie Questions about Proof of Funds
When a wholesaler puts a property under funds, do they have to have proof of funds? How can they if they don’t know who from their buyer’s list (if anyone) will purchase the property. (If I had the funds, I’d just buy...
Walter Pape
Dodd-Frank / SAFE Act regarding MH investing
Hello BP!!
During some research I have came across Dodd-Frank and SAFE act regulations with seller financing. As a new investor should I meet with a RMLO and/or Real Estate Attorney:
Before I start maki...
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Do I need a license to broker private/hard money loans?
I heard that there is no license needed to broker private/ hard money loans, Is there any truth to this? I know that you don't need one in the commercial sector. Is there one needed in the residential hard mney sec...
Jay Hinrichs
how to handle multi offer situation when you really want it
I posted earlier this week about a lot that came up in Charleston.. my realtor ( who is awesome) e mails me at a little at 10pm her time.. new lot on a little street I have already built two homes on and have been wil...
Dean Diamant
What is the common commission for turnkey rentals
Hello everyone,I'm preparing myself to start investing in real estate, and a relative of mine is willing to fully fund my first turnkey rental for him so he can hold the property. So my question is: what would be a fa...
Maggie Cohle
Security Deposit Return - Reasonable?
Hi, I'm a new landlord renting out my townhouse and I've just provided my first tenants with their accounting of the security deposit. The tenants are upset because of the amount I've withheld. Here are the basic fa...