John Cusick
Customary Land Purchase Terms
In a commercial land purchase transaction in Northern California with the value of under $10M, what is customary for the terms below?- earnest money deposit - is 3%, 5%, 7% or higher customary?- duration of the non-fi...
Steve G.
Tax Sales, redemptions & Wholesaling
New Member here, and enjoying what I'm reading on the forums !I've been checking out properties where the owner is behind on their property taxes and would be interested to understand and clarify a few things:1. If th...
Chris Barcomb
Addendums / Additions to Texas Real Estate Contract
I’m seeking guidance on my first purchase. It’s a SFH. Will be bought as is with limited contingencies. Owner is in no position financially to make any repairs, therefore price will be very low. Only contingency I can...
Jeff Jennings
Tax Deed Properties Purchased at Tax Deed Sales...
Quick question regarding purchasing tax deed foreclosures. If you purchase in a "Redemption" state where the title company won't issue title insurance for the length of the redemption period, are you able to re-sell t...
James Dunn
Tax lien - can I buy from current holder and then request a tax deed
I was approached by a seller who has a property he's looking to sell. It's a rental and he's pretty much washed his hands of it from what the renters tell me. He hasn't paid 2009, 2010, or the 2011 taxes and they've b...
Tom Wallace
Turning personal residence into rental property...
Hi all. Want first to say how much I appreciate Bigger Pockets and the wonderful advice I have received here..
I own 3 rental properties at this point. My wife and I have lived in our personal residence for the pas...
Priyanka K.
Texas Terminating Contract within 3 Days-Earnest Deposit Needed?
Hello fellow REIs,I have a quick question on Earnest money check deposit on a property in Texas. Per TREC contract, Earnest check has to be deposited within 3 (business) days. My question is - if the contract is termi...
Account Closed
Approaching people on the sheriffs sale list
There are 2 homes coming up on my local sheriffs sale site that I ma interested in. I was wondering if anyone has ever approached these properties on a purchase before it goes to sale and had success? What worked?
I...
Madison Heck
Cash out refi or HELOC?
Hi all! I am close to purchasing a property in upstate New York with a friend. We are planning on employing the BRRRR strategy and want to outline what our plan is for generating capital for the down payment of our ne...
Jason Hardin
HUD for sale (no investors)
I was browsing around my area just looking at houses for sale and I saw one that was a Bank/HUD owned home that needed some work but in the description it says only homeowner/occupants (no investors). How and why woul...