Is an escrow deposit needed in purchase and sale contract for wholesaling? I am working through my very first wholesale deal now so I may be asking lots of questions on here.

I recently acquired my second property.  One of the papers I had to sign at the escrow office was the Statutory Warranty Deed.  It states:"THE GRANTORS Joe Jones Jr. and Janet Jane Jones, husband and wife for and in c...

What happens if a sign a purchase agreement with no contingencies (“forced” to close within 7 days) and can’t buy the house in the end?

How to Calculate new Property Basis in 1031 Exchange
Define terms:
Property sold
P1 = Original Purchase price of property exchanged
TDP1 = Total Improved Property = P1 – LV1
LV1 = land value when purchased
TD1 =...

?

Two coworkers I know have agreed to the sale of a house - the one is retiring and selling it to the other. They are not using an agent. The Seller appears to be friends with a person at the title company who is faci...

I have been reading the discussion forums for a awhile and along with all the information that this website provides, it has given me more information than some of the books I have bought
So first of all I just want ...

For private sales is it reasonable to have the earnest money amount be something between $10 and $1000? And I assume for REOs and short sales it would be greater?Does it raise a red flag to the seller if I offer only...

Are there important considerations for having a manager managed LLC (as the only manager) vs a single member LLC specific to 1) real estate buying and holding,  2) for tax filing (E.g., as a disregarded entity) or 3) ...

So me and the father in law just had a discussion about putting a house under a sales contract. Originally i had in my contract that there would be a exchange of money as a holding to be legal. So my attorney here in ...