Michael Jones
Purchasing property with existing tenant
To preface this question, I am located in Chicago.
I am interested in putting an offer on a condominium (short sale) with an existing tenant. The tenant's lease expires in about a month, and I would like to c...
Jenny Ng
Unable to understand…please explain
Hi, please explain the information at the end of the post to me as I cannot sleep thinking about it. My lender is not returning work for a few more days so I wanted to ask this group about seller concession on a conv...
Benjamin Packard
Why not buy short sales?
Other than it taking forever to close, is there any good reason to not buy a short sale? Also once I've put it under contract how long should I expect to wait for close?
Pierre Royce
1031 Exchange Question
Hey guys,I have a client here in Southern Florida who has just closed on their house 5 days ago. They received around 70k in profit, do they have to pay taxes on this amount or would this be a good situation to do a 1...
Cheryl Marks
Seller back out of contract
I Recently had a broker contact me to sell my property.I agreed, signed the contract. When reviewing the Hud closing statement, I have a $22,000. Brokers fee. I called the broker and asked why? They said you agreed on...
Nick Payton
Factoring in rehab costs into "Running the numbers"
Hi BP members!
I need some direction while running my numbers for a deal analysis. When it comes to running the numbers, I know all of the basics such as using the sales price and finding all expenses associated with...
Mark Braun
Balance of Loan from Wholesale Deal - Who Pays?
Hello all-my name Mark Braun and I am new to BP and more importantly, investing (wholesaling). Anyway, I undertand the basics of wholesaling but the one thing I cannot reconcile is who pays the balance of the loan on...
Shital Thakkar
Inspection period
Hi,
For Short Sale property, optional Inspection period start when seller sign the contract or when bank approve short sell..?
Scott Lyons
How long until you hear back from prospective tenant?
Hey everyone. I am trying to rent out a unit for the first time and was wondering on average how long someone waits to notify you that they want to proceed with the application process after viewing the unit? I have h...
Account Closed
Can I wholesale a house under foreclosure?
Hi, I came across a house and while talking to the owner, although motivated said the house is under foreclosure and he awaiting to hear from an attorney regarding a title issue. Has anyone had any experience with who...