Steve LeBlanc
What happens when earnest money refund taking "too long"?
Okay you keyboard lawyer warriors...just looking for some thoughts on the following scenario regarding delayed refund of earnest money.Original contract language about earnest money is as follows (this is in Illinois)...
John Mahoney
So this happened... 1st house flipping MISTAKE!
I bought a home with the intention to flip it. Prior to getting to closing, a real estate investor (buyer) came along and offered me 20% more than I was going to close for the next day, only catch... needed 1 month to...
Marcin G.
subs getting paid
Lets say I have one agreement signed with GC . I pay him HIS portion and I pay subs all that is due to subs. Is that a problem ? do I need to have separate agreement with subs as well since I am paying them. By the...
Cody Kunkel
lease/option: seller second loan financing issue
Hey everyone,I'll get right to it...I have never done a lease option deal before, but have a fairly good understanding of the general concept. My first potential deal seems to be in the works right now as far as getti...
Ryan Ellis
Tampa Area Mortgage Broker Familiar With Lease Options
Hi there!Recently moved to Florida and am setting up shop :)I'm looking for a Tampa (or Brandon) mortgage broker who really understands lease options.***Additionally, a mortgage broker that is able to take a tenant-bu...
Rick Lucette
Tenant Going Through Divorce
Hi fellow investors, I'm running into a situation, certainly not that uncommon but I would like to make sure I've thought about it correctly. We have a place that was rented to 2 tenants a little bit over a year ago -...
Roland Thomas
Title Problem, Need Help
Hey BP!
I am trying to clear title on a property and everything has been cleared expect the original Seller Carry Back Note from the 90's. The current owner paid them off, but she doesn't have the documentation. It i...
Timothy Smith
2 Weeks Past Closing and waiting.... on a $60mil mortgage
Question First, has anyone come across this roadblock in the past? How long does it typically take to get a mortgage release? It is a $60 mil mortgage attached to a $300k house and the mortgage company has already...
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Questions about Fannie Mae REO
Hi, I have been looking at a Fannie Mae REO and was doing a bit of research on it. I searched the county records and found the amount that FNMA bought the property for at Auction. It was around $50,000. Now the pro...
Kyle Mack
Borrowing more than purchase price
Hey guys!
Quick question. If i am going to buy a flip house for 150k and my estimated remodel cost is at 30-35k are there certain types of loans to where i can finance the extra 30-35k on top of the purchase price o...