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Today my lender sent me an email asking for the purchase agreement on a new duplex. He said that the appraiser has asked for this document in order to complete the appraisal. Is this standard practice? I see no reason...
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So when you submit an initial offer on a property are there any standard contingencies that go along with it?For example, if you submit a lower then asking offer but non-contingent upon an inspection, would this be an...
I have a high end house and I have it listed in the MLS. So I had 3 realtors so for want to take the property off the market for an $100.00 option fee and a boatload of contingencies where the buyers could back out wh...
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I am just starting out and have yet to purchase any property, but I'm wondering how proactive I should be with my real estate attorney and title company. Does anyone recommend that I speak with an attorney before I st...
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Question. Probably obvious, but I was wondering. I know for on-market properties, it's easy, the Realtor writes the offer. (please, no long soliloquies about how I should be looking for off-market deals).However, what...
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I'm about to enter into a contract on a property that's currently rented to Section 8 tenants. This will be my first Sec8 rental property - Is there a "standard" lease typically used with Sec8 tenants or is the TAR le...
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Hi there,I am refinancing a cash purchase after 6 months. The lender is asking questions about transfers between accounts and 2 year records for others. I don’t recall having to do all this work last time I refinanc...
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We're looking to purchase a second short-term rental property (beach vacation area), but this time around we're considering going bigger and intending to add significantly to the property. The purchase price is around...
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I am securing lending for an LTR. It is the first property our LLC is purchasing. There are 3 members and ownership is split equally. The plan was for me to be the sole guarantor. The lender wants the guarantor(s) to ...
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I’m new to REI and want to get into wholesaling. I’ve got 4 questions…
Question #1- Which is better to wholesale real estate? Getting a property under contract and assigning the contract or getting an option to purch...