Ivan Reyes
Alabama usury is 8%??
The searches I made online seem to say that the max usury in AL is 8%. Can this be right? Does that mean if you provide seller financing that the max you can charge your buyer is 8%.
That seems very low considering ...
Jay Thomas
Lesson learned from My First Deal. What could I have done?
I just closed on my first buy and hold deal, a HUD foreclosure. The closing process was way different from when I closed on my personal residence. I was hoping this HUD foreclosure process would be similar to that and...
Alex Johnson
LLC Name sufficient for close?
Need to close escrow on a transaction on Monday, October 13. It happened fast. And I need a new LLC to take title with. If I reserve a name officially, can I use that even if the rest of the process is not finished?Pl...
Sean Carroll
Can I assume a loan and Not make a down payment
If you assume a loan for an apartment complex. Do you have to put a down payment on that offer since the loan has already been bought? They already have the loan and it has a 15 Year Property Tax Abatement on it curre...
Giovanni Cortorreal
Flipping HUD, Fannie & Freddy foreclosures
Hello Folks,
I was talking to an “investor friendly” title company who informed me that HUD, Fannie & Freddy do not allow their foreclosed properties to be wholesaled; specifically mentioned was the use o...
Cooper B.
Hubzu closing advice
I have a house under contract from Hubzu. I have chosen the option to use my own title provider at my expense after reading through some of the advice offered on these forums.
My question is about the actu...
Kellie Harden
Double Closing with Wholesaling
Double Closing
A double closing is the simultaneous purchase and sale of a real estate property involving three parties: the original seller, an investor (middleman), and the final buyer. The underlying reasons for h...
Spencer Howe
1031 capital gains on investment property
We did a cash out on an investment property for 375k and now we are trying to sell but have just been informed we need to pay off the loan in order to do a 1031 and avoid capital gains. Is there any alternative to me ...
Nicole Fay
Estimating Closing Costs with the Rental Calculator to Find Deals
Hello! I am a new real estate agent and new into investing with my husband. We currently have a property (SFH) under contract that we are currently rehabbing and plan to rent out. We are enjoying the process so far ...
Damon Cluck
Successful 1031 Exchange
Investment Info:
Single-family residence buy & hold investment in Little Rock.
Purchase price: $52,200
Cash invested: $6,000
****UPDATE**** I sold this property during 2021 for $83,500. After C...