Jason LaRue
Sell Now Close November
My market is really hot and my personal home is in perfect price range for a quicker sale. I stand to make $80,000 when I Sale, BUT I’m wanting to close in November when my 2 year homestead mark hits and we will NOT p...
Nick Hawkins
Trying to understand a loan with a "gift of equity" down payment.
I am buying an investment property from a family member for the $125k that they owe on it. The house appraises for $160k so I'm getting a $30k gift of equity to use as a down payment.
The lender is telling me th...
Carl Lee
Structuring a Deal on a Short Sale
Hello BP Community!Since this is my first short sale, I thought I'd poll all of you for some help.Here's what we have going on: the cash I have available to me is less than the amount listed, but I believe I can move ...
Jeet Sangha
How to determine if a pre foreclosure is a deal
Pretty much what the subject line says..What elements do I need to pay attention to see if a pre foreclosure property can yield profit. And is realtytrac a good source for pre foreclosures?Basically I want to learn ev...
Aditya Bhate
Who pays for Realtor fees?
Had this question in mind and kinda cliché but still wanted to get a clear idea.Consider someone is looking to buy a house in Ontario, Canada. Lets say that person finds a deal.Now, the question is who pays for the s...
Aj Green
Cancelling Home Purchase
Hey, would I be able to get out of a home purchase with this clause I put in? Their a/c starting leaking and has missing ductwork, and is blowing air in random places. The contract was a simple 3 page one and I wrote ...
Jo Bavani
Can I do a 1031 exchange on my balloon payoff from Contract for Deed?
I am considering selling a property via owner financing and want to understand the tax implications pros and cons. Please share any pointers including the obvious ones as I am new to this. Also is there some way to do...
Anthony Fecarotta
Property I Want In Pre-Foreclosure
Hello BP Community, could use some help, any feedback is appreciated! Here goes..
A few months ago I bought a townhouse that is part of a 3 unit building here in the suburbs of Chicago. Without going into too much de...
Linda West
tenant wants to buy/1031
I own a condo, value approx $700K. Tenant paying $3500/mo, wants to buy the property. So far all good news - I will have to 1031 the gains from this sale into something else, ideally a tri/quad outside of CA. Quest...
Sarah G.
Putting an offer for a short sale property, negotiator fees
Hey BP community,We recently looking into getting a short sale property in oregon. The numbers came out decent when the finances calculated but we're really getting it for the future potential of the property in that ...