DeAngelo Melone
Wholesale/Contracts and Structuring
I went to a seminar earlier this month about wholesaling and the speaker mentioned that when wholesaling he would buy a property with an LLC and then sell the ownership in that company to an end buyer. [b]FYI I'm in t...
Maggie Hawley
Need help analyzing this deal.
Hello Bigger Pockets: I came across a 10 unit apartment building for sale in a smaller city in Kansas. This area has several factories in the area that support the community. Each unit has 2 bedroom and 1.5 baths. I ...
Justin Goodin
👋Unpopular opinion about sponsor acquisition fees
👇Unpopular opinion about sponsor acquisition feesThey are 100% necessary.If you didn't know, sometimes sponsors charge what is known as an 'acquisition fee' when they buy a deal.Typically 1-3% of the purchase price o...
Simon Ruiz
Using a hardmoney loan to purchase property at point of auctions
Hello I would like to buy my neighbors house which is anticipated to eventually go to auction ( long story) I could not purchase this property through traditional means therefore, it eventually will become a Deed in L...
Donnie Maguire
Quitclaim Deed - Conventional Mortgage Question
I have a unique situation that I cannot seem to find a very clear answer for, hopefully the BP community can assist.My wife and I got married last September and now live together in a house we purchased together. Befo...
Dominique Mickles
Financing on a "Short Sale''
Hello bp members,
I was just browsing at 2am and I came across a town house in the area that I am actually looking to move to in my city. It is a "short sale" for 25k and of course it needs some TLC, and the thing is...
An Duong
Figuring out Providence ARV.
Looking to buy a 6 plus unit in Providence but I am having trouble finding comps to assess ARV there doesn't seem to too many sold multifamilies (at least not on MLS) and the ones that are there seem to be all over th...
Maxwell Wuensch
I have a question about the wholesale process
I’m curious if the inspection happens before or after there is a written contract? Like let’s says i find a motivated seller and they accept my offer over the phone and we set up an appointment to meet at the property...
Wendy BK
Rent (24% return) or sell ( 75% gain )?
Hi,
I recently purchased a investment property and originally planned to rent out, which is why I used a mortgage instead of cash. If i sell it, I may make about 20k (rate of return is about 75%). And I can...
Lawton Michaels
Example of a double closing
can someone give me a example on how to do a double closing when doing a wholesale.