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Some of you already know the story, but for those who don’t I wanted to share how this deal came about.As a brand new acquisition company located in Arizona, this was our second contract we ever locked up, the first o...
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Hey guys,I have a client here in Southern Florida who has just closed on their house 5 days ago. They received around 70k in profit, do they have to pay taxes on this amount or would this be a good situation to do a 1...
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Hey everyone, so I'd like to get your input on a situation I have going on with one of our rehabbed properties.
I just received an interesting phone call from someone who saw one of our yard signs at one of our rece...
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I placed an offer on a REO property last week and when I mentioned to the real estate agent that I would be wholesaling it and doing a double close she looked at me as if I had 3 eyes. She said she had never heard of...
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I want to buy REO's and resell to an investor. I'm also working with a real estate agent. This is in the Boston area for real estate
1. Can I get the REO under agreement without a LLC or Land Trust to then resell to...
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Hi everyone, this is just a general question that Id like input from people who have done this plenty of times. What should I do in regards to closing costs? I dont really understand them or how to pay them. When the ...
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Hello BP!What would you suggest that we do in this situation?....We are set to close on a fix and flip property on 8/3. The property is currently in a trust. The owner has passed away and the successor trustee is now ...
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Hi,
I have a duplex in a good area (I have several other rental properties there) that is $78K, needs about $20K in fix up, and currently has renters paying a total of $1900/month. The bank wants all cash and quick c...
My last real estate transaction the attorney showed up at the closing to pick up his check, I don't recall him doing anything meaningful with the transaction at all. He explained a few forms to me, that I didn't need ...
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I was the winning bidder for a property at auction recently. The property is located in Gorham Maine which is a desirable town in my area. I could keep it, rehab it and refi or flip it but I have 6 other projects I’m ...