Richard Prescott
Run Down of Double Closing Process - Who Pays Who and When
Hello,I'm currently close to putting a contract under offer with a bank with a $40k profit for some cash buyers/rehabbers. Unheard of now in the Decatur/Atlanta market. I'll be wholesaling this via a double close usin...
Trudy Smit
short sale question about disclosing offers
Can someone shed some light on what is the CA rule or protocol in the following Short sale scenario?:
Buyer 1 has an executed contract for $380,000, meaning Seller accepted the offer and offer is being presented to...
Melanie Hartmann
Right or Wrong? ARV is influenced by closing costs & commissions
Someone argued that ARV is determined, in part by, closing costs and agent commissions. What do you think and why?
Raul Flores
Selling land onwer finance
GuysI would like to sell a land owner finance, so I need to create a note.My question is what steps do I need to do to create the loan contract or the whole paper procedure? I am located at Houston Texas.I appreciate ...
Samuel Williams
1st Time home buyer many questions
I am a new to this forum and saw a lot of great information. I am a current renter and want to buy a home.
I have a few questions about buying a home for the 1st time where me & my family plan to live.
1.When l...
Chris Jones
questions about double closings and land trust
hello everyone, well anyway i'm a new investor and after some research i decided to focus on pre-foreclosures.
well anyway i was told of a strategy that i could use that didn't involve the use of any of my money or c...
Justin Wilson
Ohio State S-Corp Income Taxes
Hello,I was reading up on the requirements to submit tax returns and pay income taxes in Ohio. I've read the CAT is not required if the business has gross receipts under $150k. My rental income is way below that, bu...
Sheldon Alex
What's the Rule of Thumb When Buying Short Sale Properties?
Hi Everyone, I'm looking at a short sale right now. It was originally priced at $180K but now it's going for $200K. The broker ran a comps, with two properties being sold for $255K, one sold at $285K, and one listed f...
Marty G.
1031 Like Kind Advice/Help
I have owned a property for about 4 years. It is not my primary residence and have used it as a vacation property. It's located in FL and the market price for the house is estimated to be $150-175k over what I paid ...
Alex Smith
Seller unable to close escrow due to 2nd lien
Hello,I am a first time homebuyer and have had a house under contract in Texas for one month. The close date is next week (5/30). Late last week the title company informed my realtor and I that the seller has a second...