Daniel E.
Deed-in-Lieu Timing - how to avoid liability in reaching out
Question for the experienced npl / npn / nonperforming buyers.We purchased a note that is 5+ year delinquent with significant delinquent property taxes. The county requires 25% down to start a tax payment. Due to this...
Account Closed
How Sub2 used promissory note?
I know we can use a promissory note to pay the seller during the subject2 deal because the property have equity and positive cashflow but how do i know in the next 5-15 years i will have the money to pay back the sell...
Krystin Krebs
Permit Question for Converting Agriculture property to Housing
Hi All! We are purchasing an agriculture property (it's a forest) in Wisconsin using seller financing. We will likely need a construction loan, and plan to add 10 tiny homes using shipping containers to the property. ...
Chris Simmons
Oklahoma Sheriff's Auction Bidding Options
I live in Tulsa, OK and we have a rule that 1) I don't understand the purpose of and 2) has kept me away from Sheriff's Auctions for foreclosures. I recently heard about a twist to it that I hope someone who has deal...
John White
Joint Venture Agreement
Good Afternoon...
I'm hoping that someone would be kind enough to point me in the right direction. I'm looking for a Joint Venture agreement that I might be able to alter some of the language on. The basic ...
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Looking for insight on how MLS, IDX, etc. works in the US
Greetings all. First post here. :)
I'm part of a web development group that creates next-generation web applications. We are based in the UK and have nearly completed a cutting edge real estate web application.
...
Kristine Eickman
Have you ever heard of this?
We are looking at putting in an offer on a short sale that is going to auction in 2 weeks. The agent is requiring us to sign a clause that says no matter what, we are not allowed to back out. This is the exact wording...
Nas Zidane
Floor plan dilemma with my flip
Hello everybody,
I'm working on a 2 bedroom 1 bath 1945 built Texas house , when I bought it I had the intention of changing the layout since it’s in my opinion has a very big design issue with a lot of wasted li...
Nate B.
Contract Void? Undermarket buddy hook-up prior to closing on storage
Must annual contracts be upheld after transfer of ownership?Scenario: Closing on a storage facility. A few annual leases in there at under market rents. I was going to leave them in place; however, this weekend the...
Daniel Bradshaw
Multiple offers on REO's
Hey Everybody,
Let's say I have a proof of funds letter for $100,000 and I make 20 offers on REO's at extremely low prices only expecting to hear something back about 1 property or even none of them and I hear back f...