Hi guys. I have an issue with my contract.It states the loan commitment date is 30 days after the effective date. effective date should be 9/5/2014 which is also when the seller also signed the contract.butIt also say...

Hi all,I'm working on a deal where the seller is committing to provide tenants for 2 years. However, I'm not sure how I can hold him accountable should he breach the contract any time after the deal.Any idea how to st...

Hello I was referred to this forum by members of the fastlane forums. I am an avid member there and several members spoke highly about some of the members on this forum. I am by no means a "drive by-er" I intend to re...

I am really interested in real estate and want to get started and I’m wondering about how much time a week managing an SFR would take as a beginner. I definitely want to take this seriously and put all the work necess...

Hi there, I have a client who applied for a 30mm dollar equity based commercial real estate loan.  The lender's Commitment Fee includes part of closing, legal fees, bank securities setup fees etc and is 175K.  Is this...

I have the opportunity to do a deal where I will be able to buy a property at a reduced price only if I make it happen within the next 2-3 days. My problem is the following: The seller bought the property from HUD and...

I have a pending house sale with a closing date of August 16th. The buyer's mortgage contingency mentions an interest rate of up to 4.5%, however their mortgage commitment states a rate of 4.6% (mortgage commitment...

"If you don't encounter setbacks in your career, if you don't have doubts and disappointments, let me tell you, you're not dreaming big enough" - Michael Bloomberg "If it was easy everybody would do it" I know that is...

I have contracted a property that has great numbers. It is a mobile home on five acres in Raleigh, NC market. The planning dept., soil tests, and DOT have green-lighted a minor subdivision, with a major to follow, fo...

Found a local mortgage broker encouraging me to sign a full service agreement with them that will charge a 1.5% fee for every deal and wants a $5k commitment fee upfront. This was explained to me it helps drop the com...