I'm wanting to put an offer in on an on-frame modular in North Carolina. The owner has missed mortgage payments for about 3 mos. If I move fast, shorten due diligence and pay cash to close in say 3 weeks, can the bank...
I JUST closed on the longest short sale we've ever had. It took just over 12 months with two different law firms trying to clear title but WAHOOOOO finally closed and resold an hour later for a nice little chunk of c...
Hello folks.
I'm about to sign a sale contract for my 1st flip.
I will post details after it closes but for now a question: I have the option to close at the end of December this year or begin of January. From a tax...
Hello everybody!I need help!!! I'm about to sign a contract to purchase a property with a owner facing foreclosure and the auction is in 7 days. How do I stop the auction to get enough time to close on it? Any advice ...
When wholesaling a property who actually needs to be a the closing table. Do all three parties have to be there on closing day? How exactly does the closing work and how does everyone get paid. Another thing is what i...
For the most part, I think I understand the basic idea of a 1031 Exchange. Let's see: You sell one property, and to avoid paying cap gains tax, you then reinvest those profits within 45 days into a larger "like kind" ...
Massachusetts Single Family Home Sales April 2023: lower sales, higher inventory than last year. Sales are slower than listings so inventory is increasing. Median Price: $588,000, -0.34% Yoy – I really don’t see big...
I'm looking to network with someone who specializes in short sale transactions. I've recently started in real estate looking to do wholesale deals but most of the prospects I've come across need to be done using th...
I put an offer on a short sale. 391K offer, comps are over 600k. House needs approx. 100k in upgrades. Offer was accepted, sellers bank approved. However, the seller did not disclose to the bank that he owes 27k in ba...
Someone brought some language used by lenders to my attention. I hadn't noticed it before, but now that I look back, I see it in a couple of my approvals. I know a lot of investors use the Trust Method of flipping, de...