Austin Whelan
Putting a house under contract
Hey everyone. I am a newer investor and just had some questions regarding contracts. When you are putting a house under contract how do you ensure that you have all the appropriate clauses in the contract to protect y...
Jane Irwin
Equity Partner/Private money
New to REI....Does this sound like a good way to start slow with a low monetary investment? The deal presented... an investor will invest $10,000 and own 25%of the home. The monthly returns are based on the amount...
Sharon McKey
Can seller terminates the listing agreement before it starts?
I have a friend (seller) who needs some advice from you guys:Situation: Seller (in TX) signed listing agreement with an agent two months ago (in SEP) to sell his property once the tenant family moves out by end of NOV...
Justin Traver
Contractor is over bid.
I was wondering who is responsible if a contractor goes almost 30k over their bid. They are saying that I am responsible for the extra 30k. Just a side note this rehab has taken over 10 months and it's not even clos...
Mike Schorah
Only half of wholesale contracts are done by professionals
Does this sound accurate for your market?I’ve been following my local REIA’s Facebook Group for the past 6 months. I went through the previous 3 months of who did how many wholesale contracts. Only half of them were d...
Majour Bey
My first Investment property
Hey guys, I just wanted to share my most recent success. My father owned a beautiful 2 family residence in Morristown, NJ and over time stopped tending to it, and allowed rents to go uncollected and the bank to begin ...
Horacio Gutierrez
Property manager to sfh
Hello,In California if I want to help my father manage his sfh rental property manager. Do I need license. I would like to put his name and mines to the rental contract as the ones who will be managing the property ca...
Gerald Donaire
Seeking advice on Investment Strategy
Hey BiggerPockets community!I have received a lead from a motivated seller. I am trying to figure out what kind of investment strategy I should go about this deal. (Stockton, Ca)It’s a duplex with tenants occupying bo...
Rob Gillespie
Lease Option paperwork
I use a pretty long contract to lock up homes in lease option. Although it covers the heck out of everything, I feel it may spook some folks, and it almost always results in them taking it to an attorney. Which I am f...
Robert Jenkins
Started writing LOI's
Well this week i wrote on two homes, both investor owned and in dire need of repairs. How do you guys deal with the owners when you offer to buy them?
So far they have all been 70+yrs old and the homes are either in...