Troy Michaels
QUESTIONS ABOUT CLOSING DOCUMENTS
got a couple questions about closing documents used when you do wholesaling. lets use a example of a deal where you wholesale a "for sale by owner home", not a double closing, but a straight assignment. what closing f...
Reginald S.
How do you keep an abnormally large profit in a Wholesale assignment from your buyer?
I was told by several people in the business that when doing a wholesale assignment deal where I stand to make a larger than normal profit, it is best not to disclose exactly how much I'm actually making. I was likewi...
Mark Basinger
Buying a Small Apartment Complex
Hello: I have an opportunity to acquire a 24 Unit Apartment Complex for a price $2,500,000Income: $21,181 /MonthExpenses: Water, trash and sewer is $1,375 / monthElectric, $300 / month Alarm, 100 / month Phone, $50 / ...
Gregory Butterfield
Super Noob Question - Closing Costs
Hi BP!I am having trouble finding a good explanation of what constitutes closing costs. What factors effect the amount of the closing costs? Is it based on the sales price of the property or the amount of the loan? Is...
Jay P.
Residing in CA, LLC in WY, Syndication in TX - Challenges?
I'm a resident of CA and I plan to invest in a syndication in Texas along with a friend of mine. I talked to a few lawyers and the recommendation was to create an LLC in WY with both of us as members and invest in the...
Ayodeji Kuponiyi
Rejecting Prospect Tenant (Non Refundable Application Fee)
Should my rejection letter read something like this:We're sorry to let you know that the property at [address] is no longer available. At this time we've rented this property to other applicants. Thank you.Do I need t...
Amanda Thomas
Why are 203k interest rates higher than FHA interest rates?
In the process of applying for FHA loans and came across the 203k product. (House needs some rehab that I’d like to roll into my mortgage instead of being out of pocket). I was quoted an interest rate for the FHA loan...
Kyle Meyers
Grace Periods and Late Fees
I am dealing with my first late payment and I'm not quite sure how to handle it. The rent was due today, but I have not received it or heard from the tenant. I am going to call them tomorrow to see what is going on, b...
Anna Reamey
Security Deposit Changes
I recently had a tenant who I wanted to move out about 2 weeks prior to the lease termination date. To do this I would take the apartment as-is and would only be checking the apartment for cleanliness. She would mov...
Jeremy James Hartman
Obtaining An Agent's License
I'm From Nebraska I Just bought a live in flip / house hack. I'm interested in a career in real estate and I was interested in other's experiences in obtaining their licenses to become an agent. How difficult is it? I...