Ryan K.
Investor in need of HELP
ok BP rockstars, I got a good one for you!!!I recently purchased a property directly from an out-of-state homeowner using a CAR contract. The owner stated to me that he was currently in contract (using a CAR contract)...
Chad Matthews
Fix & Flip Bank Owned
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $294,000
Cash invested: $30,000
Sale price: $384,000
This was a bank owned property that we had to pay cash for...
Katie Golden
Contracts needed for a seller finance deal free/clear in VA?
Hello Everyone, So this is my first official question, hoping I can get some guidance! I am a new investor, have been learning a lot on seller Financing / LO investing. I am located in Virginia :) For anyone that h...
Jordan Solomon
Factoring in Earnest Money Deposits?
One thing I'm confused about is earnest money deposits and how to account for them when coming up with my offer amount. Let's say, just for an example, that an earnest money deposit of $5000 is required (we're obvio...
Susan Parker
A buyer approached me with USDA financing? Any red flags/issues?
This is my fourth flip in the last year and the first time a buyer with USDA financing has presented. My other buyers were conventional or cash. I havent had a FHA or VA yet, but I've heard they can be picky about i...
Chantél Fielder
Closing
Hi there!I am proceeding with a wholesale closing and have run into an issue. This is a non-traditional transaction as my buyer assigned is out of the country. The seller is aware of this and both parties have been ac...
James Park
Subject to, but small loan - what to do?
Hi all,I've purchased properties subject to, and I understand how it works.I am currently looking at a deal where the sales price is $290K and there is an existing loan for $150K. The loan is fixed at 3% over 30 years...
Cory Mallow
Restaurant, Bar, Banquet Hall Owner Wants out!
First time poster!
I am working with a guy that is looking to get out of his restaurant/banquet hall due to age and impending health concerns. It is a large beautiful building outside of town a few miles on a great l...
Rohme Williams
Proof of Funding when buying RE
So, if you find deal and tell your agent that you want to make an offer, when he asks "Do you have proof of funds"? Is it customary to ALWAYS have the funds, or can you hopefully have the offer accepted and then"find"...
Brendan Jones
Capital Gains Exemption Question
I'm selling a house that my family moved from in mid-April 2017. In order to qualify for the capital gains exemption (based on having lived in the property at least two out of the past five years), I therefore need to...