Account Closed
1031 Identification question
I know there are a lot of 1031 experts on here so appreciate you reading the post. I tried to do some searching and could not find this. The identification period begins when the property is sold. Say you have pros...
Ibrahim Hughes
'Blacklisted' by Wells Fargo for 'Flipping'?
As a realtor I'm representing an investor friend of mine who had an accepted offer on a short sale property where the lender is Wells Fargo.
The offer didn't get approved, despite it being for asking price and the bu...
Leslie Fernandez
Approved Short Sale vs HOA Foreclosure Sold at Auction
Wanted to get any feedback of anyone with possible experience on anything similar to this. What if an APPROVED short sale was underway and notification failed to cancel the HOA foreclosure auction? An auction took pl...
Johnny P.
Wholesaling a Short Sale
Has anyone successfully closed a wholesale on a property that was originally a short sale? Meaning a realtor was negotiating a short sale for a homeowner, you ( the wholesaler ) submit an offer to the realtor, it get...
Mike Higgins
Foreclosure Process
Hey there BP.I recently came across a foreclosure in my area and was able to do a search and found the name of the people who were previously living there. With the use of the handy dandy internet I was able to get i...
Benjamin Spiegel
Redwood Breaks Bridgeport, CT, Commercial Sale Record on a Price Per Unit Basis
Investment Info:
Large multi-family (5+ units) commercial investment investment.
Purchase price: $1,345,000
Cash invested: $500,000
Sale price: $1,825,000
The sale now holds the Bridgeport, CT re...
Brian Woodson
Title Company Frustration
I've talked to several title companies here and so far I'm not sure about any of them. They will do contract assignment and double closings. However, they want full disclosure to both sides about how much I am making ...
Ken Ch
Repair Credit, deduct from listing price or closing cost?
My seller is offering us 12k Repair Credit. The agent asked if we want to deduct it from the listing price or just get it as a credit towards the closing cost.I'm not sure which way will save me more money.Any suggest...
Sam M.
Short sale order of events?
Ok, so I didn't go to any guru's classes and sign up for any concierge service. So I need a little help.
I have been looking and can’t seem to find anything on the order of events for investor short sales. I am loo...
Martel Fowler
Understanding wholesaling agreements
I have 3 contracts for getting homes under contract for wholesaling and I need to understand them. The first one is real estate purchase and sale agreement. Second one is Agreement to assign contract for sale and purc...