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Results (10000)
Michael Conte AS IS revision in contract worrisome?
5 November 2021 | 2 replies

About to be under contract for my 4th house. Seller added the following revision for an AS IS sale:"Buyer hereby represents that he has personally inspected and examined the above referenced premises and all improveme...

David de Luna Seller Financing and Holding Unrecorded Deed for the Duration
29 February 2020 | 4 replies

My broker tells me if two parties agree contractually that the seller will hold onto and not record the deed on a seller-financed deal that, no, the buyer cannot later compel me to record the deed. My deal is to offer...

Spencer Crist Purchasing home in cash, then get mortgage?
27 February 2020 | 4 replies

I'm looking at my first rental property. Asking price is down to $40k, and the house was sold in 2012 for $100k. The house was rehabbed in 2016. There is a long term tenant in place paying $800 per month. Cash flow wi...

Steve Hyzny Tax result from selling a house with seller financing
26 September 2019 | 5 replies

I hear and have read a lot about seller financing from the buyers side. My big question is if I sell a house I own outright and want to sell it with seller financing what are my tax liabilities. I know I have to decla...

Scott Graham Does PMI exist for rental properties???
1 September 2017 | 8 replies

Can you get PMI insurance for a rental property?? Meaning - are there any banks out there that will do 90% LTV and the borrower is responsible to pay for PMI?

Karee Awls Managing Downtime after Rehab work is finished
21 July 2017 | 7 replies

So now that our property is fully rehabbed and listed on the MLS, it's nothing for me to do but wait. After all the hours spent on our first fix and flip an all the long mornings at Lowes waiting for material to be pu...

Account Closed Tax implications in house flipping
30 July 2019 | 2 replies

I am partnering with my brother-in-law on a house flip. I will provide him with the cash he needs to purchase the home with seller financing, I will provide the funds to fund the flip, and we have agreed to split the...

Andrea L Eskew Contractor asking for a bonus
14 August 2019 | 7 replies

I'm a new investor working on my first flip. I've got a contractor who asked if he discounts the labor up front, if I'd give him a good bonus if the house sells for a lot more, so I would give him more work on additio...

Account Closed How can I help a homeowner in pre-foreclosure if he wants money?
14 August 2019 | 7 replies

[I need help. Please read.]There is a homeowner in pre-foreclosure. He has 40k equity and the house is worth 120k he is 5k behind on payments. If I buy it for 100k, he will have 20k equity left. How can I give the se...

Laura Casillas Live in a Flip: questions and advice please
18 September 2019 | 2 replies

Hello BP fellows!I cant wait any more to start investing! I feel stuck with information and willing to do it so I just want to jump to the action. Here is the situation:My husband is already pre-approved for a convent...