Is it possible to assign a contract without the seller knowing how much the assignment fee was? I talked to a couple of title company and because of how escrow is set up, they have to disclose everything to all partie...
Hello BP,
I'm hoping someone here can provide insights on an issue I'm dealing with. I took out a 12-month hard money loan with HouseMax Funding, a reputable lender, for a fix-and-flip project. Before closing, I was ...
Newbie wholesaler. Can anyone recommend a title company in the Philadelphia area that handles assignment contracts? Appreciate any feedback.
I currently have a few LLC which hold rental properties. They each are manager managed and have a few members. The 2 elements of corporation for my LLCs are LLC protection and centralized management. I am currently se...
When financing a 8-unit apt, bank asked owner to assign leases as additional security on top of the property itself. Is it normal in apt financing or negotiable? Meaning, property alone should be sufficient collate...
Hi I am a new wholesaler and I want to submit an offer on two REO properties now I know Im required to submit a proof of funds and Im going to use a transactional funding company to do this but I want to know. Do I se...
hi, I am working with another wholesaler right now and we may be splitting the profits on a deal. I've never worked the same deal with a wholesaler before so I wanted to ask you how this is typically done.
1. The o...
I'm in escrow on a property. I removed all contingencies and my loan fell out the next day! Seller wanted to cancel escrow at that point. Don't want to lose this deal! I immediately found new buyers and assigned contr...
On a wholesale deal. $50k total sale, $11k profit. Double close process. 1099S form says $50k gross proceeds. Is wholesaler responsible for taxes on the whole 50k even though $11k was all they received???Or should thi...
Hey BP world. I'm ready to get out and purchase my first rental property but need some insight on some questions I feel are kind of hindering me. If anyone could help me out with these questions it would be GREATLY ap...