Mark Hu
Wiring deposit funds before purchase agreement signed?
We recently had a seller request we wire the deposit funds into escrow before they signed the purchase agreements. We backed out on this request. The escrow agent said that this was common practice but we have never h...
Mike Miller
Tenant-buyer doesn’t want to pay for maintenance?
So I was just at a real-estate conference where an attendee told me that on all his lease-options, he has the tenant-buyer responsible for the maintenance on the property. Is this legal? Another reference has the tena...
Alan Johnson
When Are Assignment Fees Paid?
I came across an interesting thread on when assignment fees are paid here on BP with the title Paid at Closing vs. Paid at Assignment. It raised a couple of questions in my mind about the risks of wholesaling, namely ...
Account Closed
Investor saying they have tenants to buy my house on lease option
I have a rental house up for sale in Albuquerque. Advertising on Craigslist and getting a lot of replies from investors saying they have potential tenants that want to buy on a lease option that will last 1-3 year...
Vijay Kurhade
what methods/tactics successful agents use for negotations?
When you are representing a Buyer your aim is to close the deal at as lower as possible; but when you are representing a Seller you want to bring as much top dollar as possible to your client.There are comparative ana...
Jackson Long
Buying agents in southern oregon
I am looking at a property and as a real estate professional I normally try to deal with the owners. Failing that direct with sellers agent. Worst case with a buyer agent. For civilians it makes sense to just use a...
Stuart Udis
What do you value more, return of capital or realized gain?
Evidently Bigger Pockets has given me the distinction of being one of the top recent BRRRR contributors which I find ironic as I am generally posting about flawed logic many BRRRR investors use in vetting investment o...
Gwen Trotter
Introducing New Kid On the Block
Hello BP members! I am a newbie to the REI world and I am thrill to be here. I see that I will not only be getting tons of free info but that this community really does care about helping one another. I hope to rec...
Simon Obas
Can I back out my contract?
Peace! I got an offer accepted & I, and the seller signed the purchase agreement. After crunching some numbers, the deal doesn’t make sense for me. I’m trying to BRRRR. I’m supposed to send the earnest deposit mo...
Steve Hestilow
Hotel Conversion to Assisted Living
Converting a hotel or motel to Assisted Living or better yet to Alzheimer's Care Facility seems to be a much higher and better use for hotels these days. The NOI is far greater if you economically make the conversion....