Del Kelley
LEASE OPTION or LEASE PURCHASE?
From speaking with a couple of mortgage brokers, the option fee cannot be used as "an acceptable source of borrower funds" as stated by HUD. Could the the tenant / buyer sign a purchase contract with a non-refundable ...
David Cole
What Could Go Wrong?
I am an aspiring real estate investor creating a real estate investment plan to aid me in my journey to success. I've decided to start things off with a simple question: What could go wrong?I have wracked my brain com...
James Adams
Closing Costs Paid By The Buyer, I Get That, But....
I know the closing costs are paid for by the buyer and I understand that. But in a wholesale deal where the seller, the first buyer (me), and my buyer (third party) are all at the closing table, can the price of closi...
Brendan Griffin
Need help structuring this deal
Hello BP Community. I have enjoyed this site for months and this is my first post. I have a house in my LLC that was paid cash. I have owned it for 8 months and the listing just expired with no sale. I was contact...
Sean Peters
Commercial Lease Renewal - How would you handle it?
Hello All,As I continue to deal with a difficult retail tenant in our family’s retail center, I wanted to get some input from the community as to what route, you as a landlord would take.Details:Property Type: RetailC...
Account Closed
Feedback Request: Practicing Property Assessment
Since I'm super new to REI I figured it would be a good idea to start going on Trulia, finding example properties and playing around with numbers in a spreadsheet so I could get some feedback from the community to see...
John Nail
Tote the note - renters want to buy the house
Not sure what area in the forum this question should go in.
One of my renters wants to buy the house they have been renting for the last 7 years, but they want me to carry the note.
At first I declined, but I told...
Nate Graville
Young entrepreneur, high income, testing the waters with rentals.
Hey guys!Any help is appreciated. A little background on me. I am 21 years old living in Scottsdale AZ (open to connect, message me). I have been a hustler my whole life which is what turns me on to real-estate. I own...
Anil Villamkandathil
Granite or quartz countertops
I am fixing up my first flip and the market has changed on me. My budgets are now stretched. Can somebody refer me to a good granite/quartz fabricator who can provide cheap granite. The prices of materials have skyro...
Gwen Lopes
I have a least option contract & Seller is filing bankruptcy
I have a property that's in year two of a lease option contract. The seller wants to file bankruptcy for other personal reasons. How do I protect my interest in this property?