Jared Smith
What do you do after you submit and offer?
Hey Everyone,This may seem like a very basic question, but what are the first three steps you take after having an offer accepted? Ex. look for financing, have the property inspected, look for a contractor.
Wendell De Guzman
Real Life of a Real Estate Investor
Alright...I am going to post what happens every week in my real estate business. Why? So you will learn from my mistakes as well as get inspired by my successes. I also hope by doing this, BP Nation will help me ac...
Pat Hardy
Wholesale Price Calculation
When determining a price to buy a property from a seller, who pays the closing costs? If the wholesaler, are the closing costs added to the finders fee when reselling or does the wholesaler eat the closing costs? Tha...
Brandon Sturgill
Customary for Seller to Pay for Note/Mortgage Preperation
Venturing into the world of deed for contract and still figuring out the etiquette: would it normally be customary for the seller to cover the cost of the note and mortgage preparation?I have agreed to cover all other...
Richard Russell
Title Insurance claim / Closing Agent screw up
I purchased a property about 8 years ago. I am now wanting to sell it. It appears the register of deeds never listed me as the owner. Upon further investigation the closing agent didn't have the seller sign the deed...
Scott DuChene
Do all-cash investors do title searches before purchasing?
I'm considering making an all-cash offer on my first flip. Should I be doing a title search to make sure the person who's selling it, is really the owner? If so, how do I do that without a realtor? Are there any othe...
Gil Lieblich
Assignment of Bid ; thoughts
I am about to close on a property using the assignment of bid. After going to some foreclosure auctions I tracked down some one who seemed to be involved heavily with these auctions on both sides. Is there anything I...
Lauren Simmers
Rental Utilities- who should pay?
We are looking for deals, but the question comes: should tenants pay for utilities: mainly electric & heating oil or would you have the expenses calculated in the monthly rent? We bounced this back an forth but ne...
Jimmy S.
I have to pay 2% transfer tax?
I bought a bank owned home and I was under the impression I only had to pay 1% transfer tax. On my end of contract just a normal contract says buyer and seller will split the transfer tax. The bank is the seller. Now...
Deriane Cox
Contracts
I downloaded several contracts form experience wholesalers, and I was wondering if it is wise to use these contracts as is or seek guidance from an attorney, or just have the attorney write up different contracts for ...