Keith W.
Risks associated with Lease Options
Lease Options look beautiful as long as everybody does what they are supposed to do.I haven't heard anyone address the possibility that the seller doesn't make the mortgage payment and the property goes into foreclosu...
Anne Morgan
First Timer - Looking for Bookkeeping advice
Hello!My husband and I plan to start managing a rental property. We are currently under contract on a new primary home. We are keeping our current home as a single family rental. This made the most sense for us with a...
Larry N.
Co-Wholesaling and Non-Circumvent
When co-wholesaling with other wholesalers, some advise getting either an Assignment Contract, Marketing Agreement or Flex Option to gain control of a property from a Seller/Wholesaler to pass on to your End-Buyers. T...
Jonathan Marsh
Buying a house that will never cash flow?
My lady and I are moving to Columbus next year and will be buying a in the $450-$500k range. With 10% down, PITI will be about $4,000/month which is around 25% of gross earnings per month.
Comps right now for 2-3 BR ...
Patrick Martinez
How to structure this offer, Is there a deal here?
I found a home that is FSBO. Comps show it is worth about $400K sellers will accept $330k, needs about $10k in repairs as it was a prior rental and some remodeling was in progress but the owner passed away. It is vaca...
Laura Bravick
How does a quick claim work?
After a fire in my home, my dad had me sign a quick claim so he could start on repairs while insurance figured things out. Now he believes he’s entitled to the insurance payout and profit from the sale of the house. C...
Samantha Klein
Do Portfolio lenders typically want reserves?
This question is for anyone who has a relationship with a portfolio lender, does your lender require a set amount of reserves per property like Fannie Mae? This is not a debate on whether you should have reserves. For...
Daniel Coleman
Subject-To-Deals as a Real estate salesperson
Is it OK to do subject to investing as a licensed real-estate agent?
Brian Carr
Release contract at the end of Lease Option deals?
I spoke to my lawyer last week and he suggested using a RELEASE contract at the end of and Lease Option deals. The release would be signed buy everyone involved in order to make sure the lease option tenet was clear ...
Robert Shoffner
Seller Gets Cold Feet-Happen to Anyone Else
I've run into this general scenario about three times in the past 12 months, and it is frustrating to say the least. Basic scenario is: seller responds to marketing, I go meet seller at property, get contract to ...