Taylor Herman
Wholesaling at Pre-foreclosure Stage
Hi everyone I have a question about pre-foreclosure SFRs.
1. Is it possible to wholesale a pre-foreclosed property and save it from going to auction?
2. If you get a response from a direct mail campaign to homeowne...
Michael G.
Litton Loan - Buyer agrees not to sell within 90 days
This clause was in a memo sent to me from Litton.
1.) Arm’s Length Clause - “Seller and buyer each represent that the sale is an “arm’s length†transaction and the seller and buyer are unrelated to each ot...
Dan Wells
$14k in judgements on one property
Hi all, I have a property under contract.
Title company discovered $14k in judgments, they are trying to see if that amount is correct.
- Is there a way the seller can back out if he decides not to pay them? Im no...
Account Closed
Short Sale Contract Structure
I am a wholesaler looking to put MLS short sale properties under contract. Does anyone know how to use a land trust to avoid a double close on these transactions?
Sean Dinneen
Bankruptcy and Trustee Sale CA
I have been tracking a property for a while and the Trustee's Sale has been posponed 3 times.
The sale is now set for 5/30/08. The reason for the postponment is a Chaper 11 that was filed in 11/07. The Chapter 11 ca...
James Bakun
How to avoid FIRPTA tax? and how to avoid withholding requirement?
Hello, I have foreign clients who own investment real estate in the U.S. They are looking to sell and would be subject to FIRPTA tax. Is there a way to avoid paying this? and is there a way to avoid the withholding re...
Robert Burns
Lease w/Option to Purchase or Delayed Closing Date
Does anyone have the pros and cons of using a lease with an option to close vs. a standard sale and purchase agreement with a delayed closing date out 2 years?
Michael Boyer
When to report Capital Gains on a sales that spans calendar year.
I've been a lurker here at BiggerPockets for some time, but now I have a question that I'm hoping someone can answer.
I have a long term rental property that I had to sell. The sales agreement was signed in November...
Benjamin Spiegel
Redwood Breaks Bridgeport, CT, Commercial Sale Record on a Price Per Unit Basis
Investment Info:
Large multi-family (5+ units) commercial investment investment.
Purchase price: $1,345,000
Cash invested: $500,000
Sale price: $1,825,000
Case Study: 3142 Fairfield Avenue
This c...
Mike Wiesenhart
Describe your fastest real estate deal
I was just doing some thinking and I would like to know the details of your fastest deal. How long it took from beginning to end, what type of deal (ie wholesale, flip, etc.), and what your profit was on that deal.
...