Robert Williams
Rental property had a fire.
First off, yes everyone is ok. One of the tenants does have some third degree burns but will be fine. No other injuries so we are thankful for that. That being said.I recieved a call from my tenant Saturday morning...
Kara Markowski
Seller's agent fee
I asked the real estate agent who helped us purchase our home to assist with listing it for sale in the next few months. He sent a contract with a 5 1/2 % fee. From my limited 'Googling' of my local area, I know that ...
Snehann Kapnadak
Structuring Acquisition Fees
Hi All,How do you present a deal to an investor with the goal of being compensated for it when it closes via an Acquisition Fee? If I find a deal, but don't have capital to bring in and instead work on underwriting, d...
David Sanchez
To my Fix and Flippers: Splitting the profits with the homeowner (from a wholesaler)
Hi everyone! I have been cold-calling for about 2 weeks since last December, and I've learned a good chuck about wholesaling in about a month or so, with around 90 pages worth of notes on the entire process. So far, I...
Cal C.
Flipping a house bought with Quit Claim deed
I have a house in GA under contract and I won't be able to get a warranty deed on it, just a quit claim. The law firm I used to close my last purchase says their title insurance company will not insure the title...
Adam Ramsey
Taxes - Real Estate Professional
I currently own a duplex and I live in one (with my brother renting from me) and have the 2nd unit rented out. I also am a licensed Real Estate Agent and work for a property management company.I tried reading up on wh...
Mark Updegraff
capital gains / inheritance tax avoidance for future planning
I believe I read somewhere that if I hold rental property until fully depreciated and then die my heirs can sell the property and pay no capital gains on it whatsoever.
maybe this was continge...
Reginald S.
Heirs
My associate and I are trying to flip a property . The deceased owner. died without a Will .The owner has 2 adult sons. One is mentally incompetent and the other is incarcerated. The sons are the only heirs. The s...
Amir Saeed
Buying from Foreclosure Auction
I have attended few foreclosure auctions where a bank is foreclosing the property. Basically the person is biding against others and the bank.
Question I have is that if there is a lien against the property (...
Al Appleton
Subject to deals - changing mortgage statement mailing address?
I just closed on my first Sub 2 property. 1) How do I change the mailing address so that I can receive the statements? Does the seller need to do this for me?