Newbie question. As a wholesaler, if I utilize a double close, how will this strategy affect my income taxes? What's the bottom line, will I pay more taxes than I would if I did a traditional real estate transaction? ...
Hey everyone!I'm currently in the process of purchasing my first property. This is a fully occupied 4 unit property in good condition. Each unit is a 2 bed 1 bath around 1,000 SQFT each. The current tenants are paying...
Hello Everybody,
I'm in the process of learning how to wholesale HUD homes. Is doing a double escrow in Florida legal? As in my A(hud) to B(me) would happen once I get accepted and once i send in all my earnest money ...
I'm currently looking for land to buy. A cruise through the MLS revealed a few possibilities.
A full 2/3 of those listings have a land area that disagreed with what the county assessor said was there. Are agents not ...
Here is the story: I put a property under contract and marketed it (great property). One individual who I know as a wholesaler says that his partner is going to come check out the property. He sees it and makes an o...
Hey everyone, Is an inspection charge per unit? Or for the property?Our inspector is charging us double the price for duplex in Baltimore, MD [$500]. Is this typical? Also, if you can refer an inspector with better ra...
Does anyone know a closing agent/attorney who will do a double close in Alabama?
Thanks.
Hello BP,As a new wholesaler I wanted to get a better idea of the pro's and cons of contract assignment vs. double closings? is there a preferred approach? is one better then the other?thanks
Here's the situation....I have more buyers than true wholesale deals which for my buyers is 40% - 55% in a variety of markets in e.coast, mid-west (yes, they care more about the deal, than location)....other wholesale...
hey friends,
I was wondering if anyone in the Oakland county Michigan area has a title company that will do a single source double closing. I know most won't do these nowadays but if there is one that does I...