Dawn Hall
Seller specifying a specific closing attorney
We are contemplating an offer on a house and the listing says MUST use (Bob Jones) as closing agent. What is up with that? This already smells a bit funny. The house has been used as a rental for a long time and w...
Michael Greer
Small loan = Higher closing costs?
Hello,I'm purchasing three 1b / 1b condos in a good area here in Ohio.I'm financing through a bank and received my final closing disclosures on one of the units.Purchase price is $40k. Loan is $32K.Closing costs are $...
David Smith
Starting a 1031 --- timeline
So i am selling a multi family and will use its proceeds to buy another one close by. If I want to do a 1031 ( any reason I should not? ) , when and what shall I do?in the selling contract , shall I note it is 1031?i...
Jessey Kwong
OREGON - wholesale attorney/title company recommendation?
Hi BP'ers I wanted to wholesale a couple properties in Oregon, but couldn't get conclusive information whether or not if I could. So I went with a double close, but the title company seemed very incompetent to do it....
Nikhil P.
Recommendations for diligencing a loan in Chicago area
Hi,I have been asked by a recent contact about my interest in taking on a short-term loan backed by a property in the Chicago area. The property is currently occupied and the owner plans to fix it up and sell after th...
Sergio P Ramos
Can a seller legally avoid closing on a deal?
I recently went under contract on a property through my wholesaler. On closing day, the original seller (not the wholesaler) decided they did not like the terms agreed upon. At this point, the earnest money has been c...
Account Closed
Are assignments legal in Los Angeles?
Hello, I recently went to a RE meeting where they said that assignments and double closes are illegal in California (Los angeles), but I sort of don't believe it. Do you need to buy the property first, and then sell i...
Franklin Hollins
Good or bad deal or move on
My investor has came up with a repayment number of 50,000. Upon the repayment of the 30,000 an additional 20,000 in interest. The investor agreed that there would be no prepayment penalty for 1 year 1/2, and if paid w...
Daniel Roman
How to get your buyer to sign a lease to own agreement online
Hello all, I am a new wholesaler just getting my beak wet. I have found someone interested in closing a deal. Ideally I would like to just get this BP contract I found under the file place signed online so I can get t...
Laura Luloh
Buyer’s Agent Compensation if Seller doesn’t pay?
We have purchased many homes through the years but now we are focusing on purchasing an investment property. In regards to the house we are making an offer on...The same broker that is selling the home is who we are u...