Hi All!I am looking at a couple of multi family properties that are due to come up for auction at a county tax forclosure auction. The same individual/LLC owns both. Looking at the title reports that were done by a ti...
Hi All,A friend of mine recently signed an offer to purchase a home. The seller agreed to the following terms: Seller will contribute to $X towards the buyer's closing costs and/or prepaid items. I told him that this ...
I just watched @Brandon Turner video on using the Biggerpockets Wholesaling calculator and have a question regarding how the Rental Owner's Purchase Price is being calculated? I tried adding the loan amount plus the p...
Hi guys,I'm a newbie in Berwyn IL, I bought my first property in Sept of 2016. I'm looking to connect to Investors and Landlords locally and gain knowledge about the industry. I'm also a CPA who would love to answer q...
My husband and I purchased a property on May 11th that had an existing tenant. The seller has the original deposit and is not communicating with anyone regarding transferring it, although she has been contacted sever...
I have trying to absorb what I am reading here... as well as other places and feel overwhelmed at the amount of information out there.. and I don't want to do this wrong. I sold a home in NC that was a rental from 20...
Doing FSBO on a residential property, sales price less than 160K Which is better for me, as seller, to use, this Letter of intent to Purchase or, the Agreement to Sell and Purchase in the other post? What needs impro...
So i bought my first property 8/13 I'm responsible for the 2014 taxes which are roughly $3,500 i have been holding and renovating this for quite some time now due to unfortunate events. But now i am ready to sell. Hom...
Is it considered standard to include all closing costs, capital outlays (for repairs, improvements, etc), and loan origination fees in addition to the sales price when calculating cap rates?I know that generally, when...
What is your strategy for making sure the buyer can close on the deal?What are the ways I can protect from the buyer trying to go around me to the seller? In what other ways should I protect myself from buyers?