Hello I have some questions in regards to wholesaling. Now I understand wholesaling you are basically selling the contract to a new buyer. I have had conversations with wholesaling mentors so I have a previous knowled...
If you want to do a short sale but have never been delinquent, have no trouble making payments, and do NOT want the bank to forgive the difference, but allow you to make arrangements to pay it off (assume as a loan o...
So, let's say I own a property worth $300,000 in one city that cash flows decently, but in another city, two hours away (where I moved from), properties are much less expensive per quality and cash flow like crazy. Is...
My husband & I are looking into buying an investment property to wholesale.(Our first deal.) The house is a short sale listed at $274,500 but valued at $393,900. In California where we live EMD is usually 3% (on ...
Hi all, Another market update from Bright. If you were wandering why it is so hard to find/buy anything this article may shed the light. Philadelphia Metro median sales price at new January record of $240,000; Closed ...
I have a few properties that are worth less than what the owner owe. How can they get permission to short sale their home and will the bank stop me from wholesaling their house to a buyer?
I heard that with a 1031 exchange we would need to replace the entire debt. How would that work if the property is being owned by two unmarried joint tenants with rights of survivorship, with only one person on the or...
I have found a potential deal in my area of North New Jersey, this is a short sale with an asking price of 150k reduced from 200k. The comps in the area for similar sized homes are 350-380k. I am going to see the prop...
The facts are straight forward:
1. I bought a Home Equity Loan in foreclosure. It was in the first position because a subsequent 'first' loan did not have a subordination agreement recorded. I received and recorded t...
Hey all,I'm doing my first 1031 exchange. I'm selling a piece of land I've held for the last 13 years, and putting it towards a SFH. I was not originally intending to do an exchange, but a FSBO showed up on my radar e...