DL Martin
Help! Received offer on my residence asking that I carry a 2nd.
Need advice. I received an offer on my primary residence. The buyer is asking that I carry 10% ($69k) for 5 years at 5%. The offer is a "lowball" offer and we both know that a more realistic sales price is $750k. (He ...
Leah Hill
Note holder not allowing sellers to sell
Hey all!Happy Saturday! We are under contract on an investment property with a closing in two weeks. However, we were informed today that our closing has to be pushed off to a far-off future date (rate will no longer ...
D.J. Walker
Wholesaling A Foreclosed Home
Hey BP! So I got a lead driving in a good neighborhood. The homes are going for 230k and this home looked as if it needed some TLC. I knocked on the door and proceeding to have a conversation with the homeowners girlf...
Derek H.
New member located in northern New Jersey. Lease advise
I have two tenants that have lived in my property for more than the 2 years I've owned it. They've yet to officially sign my leases and being as though I'm a bit on the relaxed side, I haven't made a big deal or when ...
Shannon McLeod
Water Shut Off List: Does It Exist in Des Moines?
I'm a wholesaler here in DM and I tried to call the water company to get a list of properties that have their water shut off. I was told flat out they do not carry that information, but I'm skeptical and don't quite b...
James LaRocque
Insurance Question as note holder
Hi All,
I received an email from my servicer the other day saying that my borrower would like to file an insurance claim for a leaky roof. This brought many questions to mind real quick. In further discussion with ...
Ryan Urban
"Subject To" Question -- Informing the Lender
I have read that the best thing to do when taking over a loan "Subject To", is to immediately inform the lender so that everything is out in the open up front. Three thoughts on this, and I'd like your input:
First,...
Eka Linwood
HELP! Foreclosure due to Previous Owner not paying Tax
So I closed on this property (triplex) around Mid-Feb 2020. I just found out thru a letter from the county, that I am now in foreclosure because I'm apparently delinquent on my property tax. I thought this was weird o...
Calvin Rankin
Hand-written yellow letters vs printed
Hi. I'm new to wholesaling and I finally started getting some calls last week which I was really happy about. For my direct mail campaign I've been sending put letters with the following verbage:
Hi! My name is Calvi...
Joel Owens
Tax gain on sale question for commercial property.
Getting feedback on a situation.Transaction of 4 million and buyer is putting down a certain percentage. Seller is agreeing to carry back 5% second of 400k fixed with a 30 year amortization for 2 years.Sellers comment...